Translation Adjustments

12 Months Ended

Dec. 31, 2014

18. Translation Adjustments

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

(in thousands)	2014	2013		2012

Change in cumulative translation adjustments	($55,102)	$7,521		$18,287
Accounts receivable	10,949	69		(1,119	)
Inventories	7,244	705		(779	)
Property, plant and equipment, net	16,959	(625	)	(7,859	)
Goodwill and intangibles	7,210	(2,368	)	(1,053	)
Deferred taxes	4,734	(116	)	(7,895	)
Other noncurrent liabilities	(4,363)	952		1,352
Other	(6,461)	706		(1,015	)
Effect of exchange rate changes on cash and cash equivalents	($18,830)	$6,844		($81	)

The change in cumulative translation adjustments includes the following:

(in thousands)	2014	2013	2012

Foreign currency translation of non-U.S. subsidiaries	($60,419)	$25,573	$16,589
Gain/(loss) on long-term intercompany loans	5,317	(18,052)	1,698
Change in cumulative translation adjustments	($55,102)	$7,521	$18,287

- 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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