Other Comprehensive Income (Loss) (Text Block)

3 Months Ended

Mar. 31, 2013

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Other Comprehensive Income (Loss) [Text Block]

Other Comprehensive Income (Loss)

OCI is reflected as a net increase (decrease) to shareholders’ equity and is not reflected in our results of operations. The before-tax amount, income tax (provision) benefit, and net-of-tax amount related to each component of other comprehensive income (loss) during the reporting periods were as follows:

	Three Months Ended March 31,
	2013			2012
	(in thousands)
Before-tax amount
Foreign currency translation adjustment	$	(27,447	)	$	28,702
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(92		)	—
Pension plan benefits liability adjustment	(546		)	19
Total other comprehensive income (loss), before tax	(28,085		)	28,721
Tax (provision) benefit
Foreign currency translation adjustment	(3,848		)	(161		)
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	19			—
Pension plan benefits liability adjustment	166			4
Total other comprehensive income (loss) tax (provision) benefit	(3,663		)	(157		)
Net-of-tax amount
Foreign currency translation adjustment	(31,295		)	28,541
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(73		)	—
Pension plan benefits liability adjustment	(380		)	23
Total other comprehensive income (loss), net of tax	$	(31,748	)	$	28,564

The changes in the components of accumulated other comprehensive income (loss) (AOCI), net of tax, were as follows:

	Foreign Currency Translation Adjustments			Net Unrealized Gain (Loss) on Derivative Instruments			Net Unrealized Gain (Loss) on Nonderivative Instruments			Pension Plan Benefit Liability Adjustments			Total
	(in thousands)
Balances at January 1, 2012	$	(24,718	)	$	—		$	(14,380	)	$	1,938		$	(37,160	)
OCI before reclassifications	28,541			—			—			—			28,541
Amounts reclassified from AOCI	—			—			—			23			23
Total other comprehensive income (loss)	28,541			—			—			23			28,564
Balances at March 31, 2012	$	3,823		$	—		$	(14,380	)	$	1,961		$	(8,596	)
Balances at January 1, 2013	$	(3,313	)	$	(1,689	)	$	(14,380	)	$	(15,002	)	$	(34,384	)
OCI before reclassifications	(31,295		)	(73		)	—			(566		)	(31,934		)
Amounts reclassified from AOCI	—			—			—			186			186
Total other comprehensive income (loss)	(31,295		)	(73		)	—			(380		)	(31,748		)
Balances at March 31, 2013	$	(34,608	)	$	(1,762	)	$	(14,380	)	$	(15,382	)	$	(66,132	)

Details about the AOCI components reclassified to the Consolidated Statements of Operations during the reporting periods are as follows:

	Amount Reclassified from AOCIfor the Three Months Ended March 31,(1)						Affected Line Item in the Income Statement
	2013			2012
	(in thousands)
Amortization of defined benefit pension items
Prior-service costs	$	(17	)	$	(17	)	(2)
Actuarial losses	(251		)	(2		)	(2)
Total, before tax	(268		)	(19		)	Income before income taxes
Tax benefit (provision)	82			(4		)	Income tax provision
Total, net of tax	(186		)	(23		)	Net income
Total reclassifications for the period, net of tax	$	(186	)	$	(23	)	Net income

⁽¹⁾ Amounts in parenthesis indicate debits to the Statements of Operations.

⁽²⁾  These AOCI components are included in the computation of net periodic pension cost. Refer to Note 8 for additional details.