STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2012

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

11. STOCKHOLDERS' EQUITY

Preferred Stock

        The Company's Certificate of Incorporation authorizes the issuance of 10,000,000 shares of preferred stock with a par value of $1.00 per share. Subject to applicable laws, the Board of Directors is authorized to provide for the issuance of preferred shares in one or more series, for such consideration and with designations, powers, preferences and relative, participating, optional or other special rights and the qualifications, limitations or restrictions thereof, as shall be determined by the Board of Directors. There was no Preferred Stock outstanding as of December 31, 2012 and 2011.

Accumulated Other Comprehensive Income (Loss)

        The components of accumulated other comprehensive income (loss) are as follows (in thousands):

	Beginning Balance			Before-Tax Amount			Tax Benefit (Expense)			Net-of-Tax Amount			Ending Balance
December 31, 2010
Pension and other post-retirement liability adjustment	$	(24,420	)	$	4,315		$	(2,056	)	$	2,259		$	(22,161	)
Foreign currency translation adjustment		21,937			(315	)		—			(315	)		21,622
Change in the fair value of interest rate swap contracts		(7,744	)		8,593			(3,471	)		5,122			(2,622	)
Accumulated other comprehensive income (loss)	$	(10,227	)	$	12,593		$	(5,527	)	$	7,066		$	(3,161	)
December 31, 2011
Pension and other post-retirement liability adjustment	$	(22,161	)	$	(18,678	)	$	7,239		$	(11,439	)	$	(33,600	)
Foreign currency translation adjustment		21,622			(2,525	)		—			(2,525	)		19,097
Change in the fair value of interest rate swap contracts		(2,622	)		4,196			(1,574	)		2,622			—
Accumulated other comprehensive income (loss)	$	(3,161	)	$	(17,007	)	$	5,665		$	(11,342	)	$	(14,503	)
December 31, 2012
Pension and other post-retirement liability adjustment	$	(33,600	)	$	(20,165	)	$	7,807		$	(12,358	)	$	(45,958	)
Foreign currency translation adjustment		19,097			1,981			—			1,981			21,078
Accumulated other comprehensive income (loss)	$	(14,503	)	$	(18,184	)	$	7,807		$	(10,377	)	$	(24,880	)