Comprehensive Income

9 Months Ended

Oct. 01, 2011

Comprehensive Income [Abstract]

Comprehensive Income

4. COMPREHENSIVE INCOME

The Company's consolidated comprehensive income for the three and nine months ended October 1, 2011 and October 2, 2010, respectively, was as follows (in thousands):

	Three Months Ended						Nine Months Ended
	October 1, 2011			October 2, 2010			October 1, 2011			October 2, 2010
Net income	$	47,494		$	45,880		$	124,302		$	128,523
Other Comprehensive Income (Loss) from:
Currency Translation adjustments		(51,352	)		(33,761	)		(32,757	)		(26,238	)
Changes in fair value on open hedge contracts, net of tax effect of ($31,362), $8,145, ($30,340), and $531		(51,171	)		13,301			(49,502	)		866
Hedging activities reclassified into earnings from accumulated other comprehensive income (loss) ("AOCI"), net of tax effect of ($1,304), $1,292, ($6,593), and $2,176		(2,127	)		2,157			(10,758	)		3,551
Amortization of net prior service costs and actuarial losses, net of tax		(3,282	)		332			(2,190	)		1,143
Comprehensive income (loss)	$	(60,438	)	$	27,909		$	29,095		$	107,845

The amount of comprehensive income attributable to noncontrolling interests was $(1.6) million and $4.9 million for the three and nine months ended October 1, 2011, respectively. The amount of comprehensive income attributable to noncontrolling interests was $2.1 million and $5.3 million for the three and nine months ended October 2, 2010, respectively.

Foreign currency translation adjustments, unrealized gains and losses on derivative instruments and pension liability adjustments are included in Equity under Accumulated Other Comprehensive Income (Loss). The components of the ending balances of Accumulated Other Comprehensive Income (Loss) are as follows (in thousands):

	October 1, 2011			January 1, 2011
Translation adjustments	$	(8,981	)	$	23,190
Hedging activities, net of tax		(57,418	)		2,842
Pension and post retirement benefits, net of tax		(29,922	)		(27,732	)
	$	(96,321	)	$	(1,700	)