Shareholders' Equity and Accumulated Other Comprehensive Income

6 Months Ended

Jun. 29, 2012

SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME [Abstract]

Stockholders' Equity and Accumulated Other Comprehensive Income

SHAREHOLDERS' EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME

Changes in shareholders’ equity for the six months ended June 29, 2012, were as follows (in thousands):

Balance at December 31, 2011	$	373,071
Comprehensive income	29,131
Dividends declared	(8,439		)
Employee stock plans and related tax benefit	2,651
Purchase of treasury shares	(659		)
Share-based compensation activity	3,581
Balance at June 29, 2012	$	399,336

The components of accumulated other comprehensive income (loss) are shown below (in thousands):

	As of
	June 29, 2012			December 31, 2011
Changes in pension and post-retirement benefit plans	$	(93,388	)	$	(96,111	)
Foreign currency translation adjustment	(20,839		)	(21,365		)
Unrealized gain (loss) on derivative instruments	(470		)	(470		)
Accumulated other comprehensive income (loss)	$	(114,697	)	$	(117,946	)

No amounts were reclassified from other comprehensive income into net earnings for foreign currency translation adjustments in 2012 and 2011.