Shareholders' Equity and Accumulated Other Comprehensive Income

3 Months Ended

Mar. 29, 2013

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 three months ended March 29, 2013, were as follows:

In thousands
Balance at December 31, 2012	$	420,193
Comprehensive income	4,004
Dividends declared	(4,269		)
Employee stock plans and related tax benefit	1,482
Purchase of treasury shares	(613		)
Share-based compensation expense	1,187
Balance at March 29, 2013	$	421,984

15. SHAREHOLDERS' EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (CONTINUED)

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

	For the Three Months Ended
	March 29, 2013
In thousands
Foreign currency translation:
Beginning balance	$	(16,515	)
Net gain/(loss) on foreign currency translation	(4,514		)
Reclassification to net income	—
Other comprehensive income/(loss), net of tax	(4,514		)
Ending balance	$	(21,029	)
Pension and other post-retirement benefits(a):
Beginning balance	$	(104,551	)
Amortization of prior service cost, net of tax expense of $10	15
Amortization of net loss, net of tax expense of $894	1,460
Reclassification to net income	—
Other comprehensive income/(loss), net of tax	1,475
Ending balance	$	(103,076	)
Derivative instruments(b):
Beginning balance	$	(524	)
Net gain/(loss) on derivative instruments, net of tax benefit of $68	(111		)
Reclassification to net income	—
Other comprehensive income/(loss), net of tax	(111		)
Ending balance	$	(635	)
Total accumulated other comprehensive income (loss)	$	(124,740	)

^(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost (See Note 10, Pension Plans for additional information).

^(b) See Note 7, Derivative Financial Instruments, for additional information regarding our derivative instruments.