9. Accumulated Other Comprehensive Income

The Company adopted the provisions of Accounting Standards Update 2013-02 in the first quarter of 2013, which requires enhanced disclosures of Accumulated Other Comprehensive Income.

The table below presents changes in the components of Accumulated Other Comprehensive Income for the period December 31, 2012 to June 30, 2013:


(in thousands)	Translation adjustments		Pension and postretirement liability adjustments		Derivative valuation adjustment		Total Other Comprehensive Income

Balance, December 31, 2012	($7,659	)	($69,484	)	($2,878	)	($80,021	)

Other comprehensive income before reclassifications	(14,494	)	1,225		2,301		(10,968	)
Interest expense related to swaps reclassified to the Statement of Operations, net of tax					(549	)	(549	)
Pension and postretirement liability adjustments reclassified to Statement of Operations, net of tax			1,004				1,004
Net current period other comprehensive income	(14,494	)	2,229		1,752		(10,513	)

Balance, June 30, 2013	($22,153	)	($67,255	)	($1,126	)	($90,534	)

The components of our Accumulated Other Comprehensive Income that are reclassified to the Statement of Operations relate to our pension and postretirement plans and interest rate swaps. The table below presents the amounts reclassified, and the line items of the Statement of Operations that were affected.


(in thousands)	Three months ended June 30, 2013		Six months ended June 30, 2013
Pretax Derivative valuation reclassified from Accumulated Other Comprehensive Income:
Swap interest expense	($500	)	($900	)
Income tax effect	(195	)	(351	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	($305	)	($549	)

Pretax pension and postretirement liabilities reclassified from Accumulated Other Comprehensive Income:
Amortization of prior service cost/(credit)	($908	)	($1,817	)
Amortization of transition obligation	17		34
Amortization of net actuarial loss	1,664		3,328
Total pretax amount reclassified	773		1,545

Income tax effect	(270	)	(541	)
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income	$503		$1,004