ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Mar. 31, 2013

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) [ABSTRACT]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

(12)ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

In 2013, the Company adopted new accounting guidance that requires an entity to present significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income. The following table presents changes in the accumulated balance for each component of other comprehensive income, including current period other comprehensive income and reclassifications out of accumulated other comprehensive income (amounts in thousands):

			Foreign Currency Translation Adjustment		Derivative Valuation, Net of Tax		Other, Net of Tax		Totals
Accumulated other comprehensive income
	(loss) at December 31, 2012		$	15,673	$	9,559	$	(2,251)	$	22,981
	Other comprehensive income before reclassifications			3,224		4,099		14		7,337
	Amounts reclassified from accumulated other
		comprehensive income		-		(1,919)		148		(1,771)
		Net current period other comprehensive income		3,224		2,180		162		5,566
Accumulated other comprehensive income
	(loss) at March 31, 2013		$	18,897	$	11,739	$	(2,089)	$	28,547
Accumulated other comprehensive income
	(loss) at December 31, 2011		$	3,156	$	(5,852)	$	(2,778)	$	(5,474)
	Other comprehensive income before reclassifications			8,739		7,071		141		15,951
	Amounts reclassified from accumulated other
		comprehensive income		-		26		204		230
		Net current period other comprehensive income		8,739		7,097		345		16,181
Accumulated other comprehensive income
	(loss) at March 31, 2012		$	11,895	$	1,245	$	(2,433)	$	10,707

The following table presents the classification and amount of the reclassifications from accumulated other comprehensive income to the statement of comprehensive income (in thousands):

			For the Three Months Ended
			March 31, 2013		March 31, 2012		Statement of Comprehensive Income Classification
Derivative valuation
	Gain (loss) on foreign currency forward
		exchange contracts	$	3,460	$	(43)	Revenue
	Loss on interest rate swaps			(257)		-	Interest expense
	Tax effect			(1,284)		17	Provision for income taxes
			$	1,919	$	(26)	Net income (loss)
Other
	Actuarial loss on defined benefit plan		$	(157)	$	(217)	Cost of services
	Tax effect			9		13	Provision for income taxes
			$	(148)	$	(204)	Net income (loss)