Income Taxes (Tables)

9 Months Ended

Sep. 30, 2013

Income Taxes [Abstract]

Schedule of Components of Income Tax Expense

The following table presents components of income tax expense/(benefit) for the three and nine month periods ended September 30, 2013 and 2012:

	Three months ended September 30,		Nine months ended September 30,
(in thousands)	2013	2012	2013	2012
Income tax based on income from continuing operations, at estimated tax rates of 41.0% and 35.4%, respectively	$2,902	$5,681	$6,382	$13,545
Pension plan settlement	-	-	-	(39,460)
Tax rate adjustment on pension plan settlement	-	-	-	-
Provision for change in estimated tax rates	170	1,968	-	-
Income tax before discrete items	3,072	7,649	6,382	(25,915)
Discrete tax expense/(benefit):
Adjustments to prior period tax liabilities	(818)	(912)	(734)	(912)
Repatriation of non-US prior year earnings	396	-	582	-
Enacted legislation change	(269)	(226)	(269)	(226)
Provision for/resolution of tax audits and contingencies, net	-	454	425	(5,597)
Total income tax expense/(benefit)	$2,381	$6,965	$6,386	($32,650)