Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Jun. 30, 2011

Accumulated Other Comprehensive Income (Loss).

Accumulated Other Comprehensive Income (Loss)

Note 4. Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) for the quarters ended June 30, 2011 and 2010 includes the following components (amounts in thousands):

	Quarters Ended June 30,
	2011			2010
Net income (loss)	$	31,849		$	(20,099	)
Amortization of postretirement benefit plan	(71		)	(75		)
Amortization of defined benefit pension plans	115			75
Currency translation gain (1)	3,105			10,774
Total net income (loss) and other comprehensive income (loss)	$	34,998		$	(9,325	)

(1) Due primarily to the Company’s permanent re-investment assertion relating to foreign earnings, there was no significant deferred tax effect associated with the cumulative translation gains and losses during these two quarters.

The components of “Accumulated other comprehensive income” on the Condensed Consolidated Balance Sheets are as follows (amounts in thousands):

	June 30, 2011			March 31, 2011
Foreign currency translation gain	$	30,180		$	27,076
Defined benefit postretirement plan adjustments	2,041			2,111
Defined benefit pension plans	(6,517		)	(6,632		)
Accumulated other comprehensive income	$	25,704		$	22,555