COMPREHENSIVE INCOME

6 Months Ended

Jun. 30, 2011

13. COMPREHENSIVE INCOME

Total comprehensive income for the three and six months ended June 30, 2011 and 2010 are as follows:

		(In thousands)
		Three Months Ended				Six Months Ended
		June 30,				June 30,
	2011		2010		2011		2010
Net earnings	$	31,796	$	25,898	$	56,312	$	42,233
Foreign currency translation adjustments, net		7,516		(20,958)		25,210		(5,239)
Defined benefit pension and post retirement plans		551		548		1,022		1,262
Total comprehensive income	$	39,863	$	5,488	$	82,544	$	38,256

The equity adjustment from foreign currency translation represents the effect of translating the assets and liabilities of the Corporation's non-U.S. entities. This amount is impacted year-over-year by foreign currency fluctuations and by the acquisitions of foreign entities.

- Definition

This label may include the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains and losses on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains and losses on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains and losses on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain or loss and net prior service cost or credit for pension plans and other postretirement benefit plans.

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