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Comprehensive Income
9 Months Ended
Sep. 30, 2011
Other Comprehensive Income (Loss), Net of Tax [Abstract] 
Comprehensive Income (Loss) Note [Text Block]
COMPREHENSIVE INCOME:
Comprehensive income is the total of net income and all other non-owner changes in equity. The following tables set forth the Company’s comprehensive income for the three and nine months ended September 30, 2011 and 2010 (dollars in thousands): 
 
Three Months Ended
 
September 30,
 
2011
 
2010
Net income
$
32,942

 
$
24,795

Other comprehensive income:
 
 
 
Foreign currency translation adjustments
(34,142
)
 
20,479

Net unrealized income/(loss) on qualifying cash flow hedges, net of tax (provision)/benefit of ($107) and $429, respectively
187

 
(755
)
Changes in pension and other postretirement benefits, net of tax provisions of $23 and $20, respectively
41

 
35

Comprehensive (loss)/income
$
(972
)
 
$
44,554

 
 
 
 
 
Nine Months Ended
 
September 30,
 
2011
 
2010
Net income
$
86,209

 
$
61,390

Other comprehensive income:
 
 
 
Foreign currency translation adjustments
(17,919
)
 
8,287

Net unrealized income/(loss) on qualifying cash flow hedges, net of tax (provision)/benefit of ($359) and $1,554, respectively
632

 
(2,733
)
Changes in pension and other postretirement benefits, net of tax benefit/(provision) of $48 and ($176), respectively
(84
)
 
309

Comprehensive income
$
68,838

 
$
67,253


The following table sets forth accumulated other comprehensive income included in the consolidated balance sheets as of September 30, 2011 and December 31, 2010 (dollars in thousands): 
 
Foreign Currency Translation Adjustment
 
Defined Benefit Plans
 
Net Unrealized Losses on Cash Flow Hedges
 
Accumulated Other Comprehensive Income
Balance, December 31, 2010
$
45,905

 
$
22

 
$
(5,813
)
 
$
40,114

Current period change
(17,919
)
 
(84
)
 
632

 
(17,371
)
Balance, September 30, 2011
$
27,986

 
$
(62
)
 
$
(5,181
)
 
$
22,743


The foreign currency translation adjustments for the three and nine months ended September 30, 2011, related primarily to the Company’s operations with a functional currency in Australian and Canadian dollars.