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Comprehensive Income
9 Months Ended
Sep. 30, 2011
Comprehensive Income [Abstract] 
Comprehensive Income
Comprehensive Income
Components of comprehensive income (net of tax) are as follows:

 
 
Three months ended September 30,
 
Nine months ended September 30,
(dollars in thousands)
 
2011
 
2010
 
2011
 
2010
Net income
 
$
7,127

 
$
2,346

 
$
21,532

 
$
67,323

Minimum pension and non-pension postretirement liability and intangible pension asset, net of tax
 
3,488

 
7,420

 
13,296

 
11,330

Effect of derivatives, net of tax
 
(254
)
 
(573
)
 
1,046

 
(289
)
Effect of exchange rate fluctuations
 
(5,949
)
 
10,221

 
3,291

 
(5,441
)
Total comprehensive income
 
$
4,412

 
$
19,414

 
$
39,165

 
$
72,923

Accumulated other comprehensive loss (net of tax) is as follows:
(dollars in thousands)
 
Effect of
Exchange
Rate Fluctuation
 
Cash Flow Derivatives
 
Minimum
Pension and
Non-Pension
Retirement Liability and
Intangible Pension Asset
 
Total
Accumulated
Comprehensive Loss
Balance on December 31, 2010
 
$
(2,661
)
 
$
(1,121
)
 
$
(107,164
)
 
$
(110,946
)
2011 change
 
3,291

 
1,131

 
12,480

 
16,902

Translation effect
 
—

 
(40
)
 
1,030

 
990

Tax effect
 
—

 
(45
)
 
(214
)
 
(259
)
Balance on September 30, 2011
 
$
630

 
$
(75
)
 
$
(93,868
)
 
$
(93,313
)