ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2012

ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME

14. ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME

        Accumulated other comprehensive loss includes unrealized gains and losses on derivative financial instruments designated as cash flow hedges, adjustments to pension liabilities, and foreign currency translation of assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature, unrealized gains and losses on derivative financial instruments designated as cash flow hedges, and adjustments to pension liabilities. Amounts recorded in accumulated other comprehensive loss, net of tax, as of December 31, 2011 and March 31, 2012, and changes within the period are as follows:

(In thousands)	Derivative Cash Flow Hedges			Accrued Pension Benefit Liability			Foreign Currency Items		Accumulated Other Comprehensive Loss
Balance at December 31, 2011	$	(453	)	$	(40,291	)	$	22,593	$	(18,151	)
Net current period change		(1,270	)		(119	)		3,496		2,107
Reclassification adjustment for losses included in net income		417			422			—		839
Balance at March 31, 2012	$	(1,306	)	$	(39,988	)	$	26,089	$	(15,205	)

        Other comprehensive income is derived from adjustments to reflect the unrealized gain on derivatives, change in pension liability adjustment and change in foreign currency translation adjustment. The components of other comprehensive income in the three month periods ended March 31, 2012 and 2011 are as follows:

(In thousands)	Pre-Tax Amount			Tax Expense (Benefit)			After-Tax Amount
Three months ended March 31, 2011
Unrealized loss on derivatives	$	(134	)	$	(50	)	$	(84	)
Change in pension liability adjustment		1,577			588			989
Change in foreign currency adjustment		6,491			2,421			4,070
Other comprehensive income	$	7,934		$	2,959		$	4,975
Three months ended March 31, 2012
Unrealized loss on derivatives	$	(1,360	)	$	(507	)	$	(853	)
Change in pension liability adjustment		483			180			303
Change in foreign currency adjustment		5,576			2,080			3,496
Other comprehensive income	$	4,699		$	1,753		$	2,946