Shareholders' Equity and Accumulated Other Comprehensive Income

9 Months Ended

Sep. 28, 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 nine months ended September 28, 2012, were as follows:

in thousands
Balance at December 31, 2011	$	373,071
Comprehensive income	48,435
Dividends declared	(12,685		)
Employee stock plans and related tax benefit	5,730
Purchase of treasury shares	(733		)
Share-based compensation expense	4,809
Balance at September 28, 2012	$	418,627

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

	As of
	September 28, 2012			December 31, 2011
in thousands
Changes in pension and post-retirement benefit plans	$	(92,027	)	$	(96,111	)
Foreign currency translation adjustment	(17,878		)	(21,365		)
Unrealized gain (loss) on derivative instruments	(470		)	(470		)
Accumulated other comprehensive income (loss)	$	(110,375	)	$	(117,946	)

No amounts were reclassified from other comprehensive income into net earnings for foreign currency translation adjustments for the three months and nine months ended September 28, 2012.