Comprehensive Income

6 Months Ended

Jun. 30, 2011

Comprehensive Income [Abstract]

Comprehensive Income

10. Comprehensive Income

Components of comprehensive income (net of tax) are as follows:

	Three months ended					Six months ended
	June 30,					June 30,
(dollars in thousands)	2011		2010			2011		2010
Net income	$	15,406	$	9,567		$	14,405	$	64,977
Minimum pension and non-pension postretirement liability and intangible pension asset, net of tax		7,696		2,332			9,808		3,910
Effect of derivatives, net of tax		686		2,442			1,300		284
Effect of exchange rate fluctuations		2,644		(9,148	)		9,240		(15,662	)
Total comprehensive income	$	26,432	$	5,193		$	34,753	$	53,509

Accumulated other comprehensive loss (net of tax) is as follows:

							Minimum Pension
	Effect of						and Non-Pension			Total
	Exchange						Retirement Liability			Accumulated
	Rate			Cash Flow			and Intangible			Comprehensive
(dollars in thousands)	Fluctuation			Derivatives			Pension Asset			Loss
Balance on December 31, 2010	$	(2,661	)	$	(1,121	)	$	(107,164	)	$	(110,946	)
2011 change		9,240			1,455			10,132			20,827
Translation effect		—			(49	)		(545	)		(594	)
Tax effect		—			(106	)		221			115
Balance on June 30, 2011	$	6,579		$	179		$	(97,356	)	$	(90,598	)