Changes In Equity And Comprehensive Income

6 Months Ended

Jun. 30, 2011

Changes In Equity And Comprehensive Income

Changes In Equity And Comprehensive Income

5. Changes in Equity and Comprehensive Income

A summary of the changes in equity for the six months ended June 30, 2011 and 2010 is provided below:

	Six Months Ended June 30,
	2011								2010
(in thousands)	Total Shareholders' Equity			Noncontrolling Interests		Total Equity			Total Shareholders' Equity			Noncontrolling Interests			Total Equity
Balance, beginning of period	$	984,944		$	8,086	$	993,030		$	885,762		$	7,940		$	893,702
Dividends		(26,859	)				(26,859	)		(23,565	)		—			(23,565	)
Reacquisition on open market		(49,999	)				(49,999	)		(9,990	)		—			(9,990	)
Exercise of stock options, net of shares reacquired		17,308					17,308			12,389			—			12,389
Stock compensation expense		7,274					7,274			6,344			—			6,344
Excess tax benefit from stock based compensation		5,359					5,359			969			—			969
Net income		98,904			11		98,915			73,275			72			73,347
Less: Currency translation adjustment		41,673			211		41,884			(56,911	)		(277	)		(57,188	)
Less: Changes in pension and postretirement plan assets and benefit obligation, net of tax benefit		2,353					2,353			—			—			—
Comprehensive income (loss)		142,930			222		143,152			16,364			(205	)		16,159
Balance, end of period	$	1,080,957		$	8,308	$	1,089,265		$	888,273		$	7,735		$	896,008

The table below provides the accumulated balances for each classification of accumulated other comprehensive income, as reflected on the Condensed Consolidated Balance Sheets.

(in thousands)	June 30, 2011			December 31, 2010
Currency translation adjustment	$	118,856		$	77,183
Changes in pension and postretirement plan assets and benefit obligation, net of tax benefit *		(63,312	)		(65,665	)
Accumulated other comprehensive income	$	55,544		$	11,518

* Net of tax benefit of $31,034 and $32,091 for June 30, 2011 and December 31, 2010, respectively.