Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2013

Summary of Significant Accounting Policies

Summary of Significant Accounting Policies

(2)           Summary of Significant Accounting Policies

Our significant accounting policies were described in Note 2 to our audited Consolidated Financial Statements included in our 2012 Annual Report on Form 10-K for the fiscal year ended December 31, 2012. There have been no significant changes in our accounting policies during 2013.

Recent Accounting Pronouncements — We adopted certain amendments to Accounting Standards Codification (“ASC”) 220, “Comprehensive Income,” effective January 1, 2013. These amendments relate only to financial statement presentation of other comprehensive income and, accordingly, the adoption did not have a material impact on our condensed consolidated financial statements.

The changes, net of income tax, in our other comprehensive income (loss) for the three months ended March 31, 2013 consist of the following:

				Foreign
	Pension and Other			Currency
	Postretirement			Translation
	Benefit Plans			Adjustments			Total
Balance, January 1, 2013 (net of tax of $18,998)	$	(30,385	)	$	4,776		$	(25,609	)
Other comprehensive income (loss) before reclassifications	—			(3,047		)	(3,047		)
Amounts reclassified from accumulated other comprehensive income (loss)
Amortization of prior service credit (net of tax of $10)	(12		)	—			(12		)
Amortization of actuarial losses (net of tax of $267)	495			—			495
Net current period other comprehensive income (loss)	483			(3,047		)	(2,564		)
Balance, March 31, 2013 (net of tax of $18,741)	$	(29,902	)	$	1,729		$	(28,173	)

Amounts reclassified from accumulated other comprehensive income (loss) associated with pensions are included in the computation of net periodic pension costs discussed in Note 13. Amounts related to our Postretirement Benefit Plan are not material to the condensed consolidated financial statements.