Accumulated Other Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2014

Accumulated Other Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income

The table below presents changes in the components of Accumulated Other Comprehensive Income for the period December 31, 2013 to March 31, 2014:

(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Other Comprehensive Income
Balance, December 31, 2013	($138	)	($48,383	)	($977	)	($49,498	)
Other comprehensive income before reclassifications	($5,599	)	$371		($220	)	(5,448	)
Interest expense related to swaps reclassified to the Statement of Income, net of tax					292		292
Pension and postretirement liability adjustments reclassified to Statement of Income, net of tax	-		131		-		131
Net current period other comprehensive income	(5,599	)	502		72		(5,025	)
Balance, March 31, 2014	($5,737	)	($47,881	)	($905	)	($54,523	)

Schedule of Accumulated Other Comprehensive Income Components Reclassified to Statement of Income

The components of our Accumulated Other Comprehensive Income that are reclassified to the Statement of Income relate to our pension and postretirement plans and interest rate swaps. The table below presents the amounts reclassified, and the line items of the Statement of Income that were affected:

	Three months ended March 31,
Expense/(income) (in thousands)	2014		2013
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:
Swap interest expense	$478		$456
Income tax effect	(186	)	(178	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$292		$278
Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Amortization of prior service cost/(credit)	($1,109	)	($908	)
Amortization of transition obligation	-		17
Amortization of net actuarial loss	1,328		1,664
Total pretax amount reclassified (a)	219		773
Income tax effect	(88	)	(270	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$131		$503

(a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 4).