Translation Adjustments

12 Months Ended

Dec. 31, 2013

18. Translation Adjustments

The Consolidated Statements of Cash Flows were affected by translation as follows:

(in thousands)	2013		2012		2011

Change in cumulative translation adjustments	$7,521		$18,287		($13,070	)
Accounts receivable	69		(1,119	)	4,284
Inventories	705		(779	)	2,756
Property, plant and equipment, net	(625	)	(7,859	)	2,789
Goodwill and intangibles	(2,368	)	(1,053	)	2,449
Deferred taxes	(116	)	(7,895	)	1,204
Other noncurrent liabilities	952		1,352		(1,209	)
Other	706		(1,015	)	(2,576	)
Effect of exchange rate changes	$6,844		($81	)	($3,373	)

The change in cumulative translation adjustments includes the following:

(in thousands)	2013		2012	2011

Translation of non-U.S. subsidiaries	$25,573		$16,589	($17,061	)
Gain/(loss) on long-term intercompany loans	(18,052	)	1,698	3,991
Effect of exchange rate changes	$7,521		$18,287	($13,070	)

- Definition

The entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items.

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