ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Jun. 30, 2012

ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

14. ACCUMULATED OTHER COMPREHENSIVE LOSS AND OTHER COMPREHENSIVE INCOME (LOSS)

        Accumulated other comprehensive loss includes unrealized gains and losses on derivative financial instruments designated as cash flow hedges, adjustments to pension liabilities, foreign currency translation of assets and liabilities of foreign subsidiaries, and effects of exchange rate changes on intercompany balances of a long-term nature. Amounts recorded in accumulated other comprehensive loss, net of tax, as of December 31, 2011 and June 30, 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		(24	)		(276	)		(1,006	)		(1,306	)
Reclassification adjustment for losses included in net income		453			843			—			1,296
Balance at June 30, 2012	$	(24	)	$	(39,724	)	$	21,587		$	(18,161	)

        Other comprehensive income (loss) 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 (loss) in the three and six month periods ended June 30, 2012 and 2011 are as follows:

(In thousands)	Pre-Tax Amount			Tax Expense (Benefit)			After-Tax Amount
Three months ended June 30, 2011
Unrealized loss on derivatives	$	(885	)	$	(330	)	$	(555	)
Change in pension liability adjustment		246			92			154
Change in foreign currency adjustment		1,222			456			766
Other comprehensive income	$	583		$	218		$	365
Three months ended June 30, 2012
Unrealized gain on derivatives	$	2,045		$	763		$	1,282
Change in pension liability adjustment		421			157			264
Change in foreign currency adjustment		(7,180	)		(2,678	)		(4,502	)
Other comprehensive loss	$	(4,714	)	$	(1,758	)	$	(2,956	)

(In thousands)	Pre-Tax Amount			Tax Expense (Benefit)			After-Tax Amount
Six months ended June 30, 2011
Unrealized loss on derivatives	$	(1,019	)	$	(380	)	$	(639	)
Change in pension liability adjustment		1,823			680			1,143
Change in foreign currency adjustment		7,713			2,877			4,836
Other comprehensive income	$	8,517		$	3,177		$	5,340
Six months ended June 30, 2012
Unrealized gain on derivatives	$	684		$	255		$	429
Change in pension liability adjustment		904			337			567
Change in foreign currency adjustment		(1,604	)		(598	)		(1,006	)
Other comprehensive loss	$	(16	)	$	(6	)	$	(10	)