ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)

3 Months Ended

Mar. 31, 2013

ACCUMULATED OTHER COMPREHENSIVE LOSS [Abstract]

Components of accumulated other comprehensive loss

The components of accumulated other comprehensive loss at March 31, 2013 and December 31, 2012 are summarized below (dollars in thousands):

	March 31,			December 31,
	2013			2012
Foreign currency translation adjustment	$	(486	)	$	927
Unrealized holding losses on available-for-sale
securities, net of taxes of $213 and $161 as of
March 31, 2013 and December 31, 2012		341			256
Unfunded SERP liability, net of taxes of ($1,178) and ($1,151) as
of March 31, 2013 and December 31, 2012		(2,671	)		(2,610	)
Accumulated other comprehensive loss	$	(2,816	)	$	(1,427	)

Changes in accumulated other comprehensive loss by component

Changes in accumulated other comprehensive loss by component during the three months ended March 31, 2013 are as follows.  All amounts are net of tax (dollars in thousands).

				Unrealized Holding
	Foreign Currency			Losses on
	Translation			Available-for-		Unfunded
	Adjustment			Sale Securities		SERP Liability			Total
Balance at January 1, 2013	$	927		$	256	$	(2,610	)	$	(1,427	)
Other comprehensive income before reclassifications		(1,413	)		85		(101	)		(1,429	)
Amounts reclassified from accumulated other
comprehensive income		-			-		40			40	(a)
Net current period other comprehensive income		(1,413	)		85		(61	)		(1,389	)
Balance at March 31, 2013	$	(486	)	$	341	$	(2,671	)	$	(2,816	)
(a) This reclassification from accumulated other comprehensive income relates to the amortization of prior service costs associated with the Company's SERP plan.  This expense is allocated between cost of sales and selling, general and administrative expense based upon the employment classification of the plan participants.