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STOCKHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
STOCKHOLDERS' EQUITY
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, 2013 and 2012.
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, 2011
 
 
 
 
 
 
 
 
 
Pension and other postretirement 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 postretirement 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
)
December 31, 2013
 
 
 
 
 
 
 
 
 
Pension and other postretirement liability adjustment
$
(45,958
)
 
$
59,743

 
$
(23,014
)
 
$
36,729

 
$
(9,229
)
Foreign currency translation adjustment
21,078

 
(5,947
)
 
—

 
(5,947
)
 
15,131

Accumulated other comprehensive income (loss)
$
(24,880
)
 
$
53,796

 
$
(23,014
)
 
$
30,782

 
$
5,902


The following reclassifications were made from accumulated other comprehensive income (loss) to the statement of operations for the year ended December 31, 2013 (in thousands):
11. STOCKHOLDERS' EQUITY (continued)

 
Amount reclassified from accumulated other
comprehensive income (loss)
 
 
Affected line item in the condensed
consolidated statement of operations and
comprehensive income
Amortization of pension and other post-retirement liability adjustments
 
 
 
 
Prior Service Costs
$
3,364

 

(1)
Actuarial Losses
(9,390
)
 

(1)
Total Before Tax
(6,026
)
 
 
 
Tax Benefit
(2,410
)
 
 
 
Net of Tax
$
(3,616
)
 
 
 
(1) These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension costs. See Note 17 for additional information.