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Accumulated Other Comprehensive Loss (Tables)
3 Months Ended
Mar. 31, 2013
Accumulated Other Comprehensive Income [Abstract]  
Schedule of Accumulated Other Comprehensive Loss

The table below presents changes in the components of Accumulated Other Comprehensive Income for the period December 31, 2012 to March 31, 2013:

 

(in thousands)   Translation adjustments   Pension and postretirement liability adjustments   Derivative valuation adjustment   Total Other Comprehensive Income
                 
Balance, December 31, 2012   ($7,659 )   ($69,484 )   ($2,878 )   ($80,021 )
                         
Other comprehensive income before reclassifications   (11,288 )   666     279     (10,343 )
Transfers of pension and postretirement liability adjustments to income statement, net of tax         503     -     503  
Net current period other comprehensive income   (11,288 )   1,169     279     (9,840 )
                         
Balance, March 31, 2013   ($18,947 )   ($68,315 )   ($2,599 )   ($89,861 )
Schedule of Accumulated Other Comprehensive Income Components Reclassified to Statement of Income

The only component of our Accumulated Other Comprehensive Income that is reclassified to the Statement of Income relates to our pension and postretirement plans. The table below presents the amounts reclassified, and the line items of the Statement of Income that were affected.

 

For the three months ended March 31, 2013   Expense/(income)
(in thousands)   2013
       
Pretax amounts reclassified from Accumulated Other Comprehensive Income:      
Amortization of prior service cost/(credit)   ($908 )
Amortization of transition obligation   17  
Amortization of net actuarial loss   1,664  
Total pretax amount reclassified   773  
       
Income tax effect   (270 )
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income   $503