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Comprehensive Income
3 Months Ended
Mar. 31, 2012
Comprehensive Income [Abstract]  
Comprehensive Income
Comprehensive Income

Components of comprehensive income (net of tax) are as follows:
 
 
Three months ended March 31,
(dollars in thousands)
 
2012
 
2011
Net income (loss)
 
$
641

 
$
(1,001
)
Minimum pension and non-pension postretirement liability and intangible pension asset, net of tax
 
2,207

 
2,112

Effect of derivatives, net of tax
 
(532
)
 
614

Effect of exchange rate fluctuations
 
3,437

 
6,596

Total comprehensive income
 
$
5,753

 
$
8,321


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
Postretirement Liability and
Intangible Pension Asset
 
Total
Accumulated
Comprehensive Loss
Balance on December 31, 2011
 
$
(4,005
)
 
$
(2,370
)
 
$
(121,997
)
 
$
(128,372
)
2012 change
 
3,437

 
(522
)
 
2,972

 
5,887

Translation effect
 

 
(10
)
 
(688
)
 
(698
)
Tax effect
 

 

 
(77
)
 
(77
)
Balance on March 31, 2012
 
$
(568
)
 
$
(2,902
)
 
$
(119,790
)
 
$
(123,260
)