Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)

6 Months Ended

Jun. 30, 2011

Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)

Note 6 - Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)

Comprehensive income for the periods ended June 30, 2011 and 2010 was as follows:

	Three Months Ended					Six Months Ended
(Dollars in thousands)	June 30, 2011		June 30, 2010			June 30, 2011		June 30, 2010
Net income	$	12,128	$	8,313		$	21,563	$	15,167
Foreign currency translation adjustments		6,298		(6,747	)		21,262		(11,333	)
Unrealized gain on marketable securities, net of tax		420		9			501		969
Unrealized gain (loss) on derivative instruments		-		95			-		(256	)
Comprehensive income	$	18,846	$	1,670		$	43,326	$	4,547

The components of accumulated other comprehensive income (loss) at June 30, 2011 and December 31, 2010 were as follows:

(Dollars in thousands)	June 30, 2011			December 31, 2010
Foreign currency translation adjustments	$	33,769		$	12,507
Funded status of pension plans and other postretirement benefits, net of tax		(24,996	)		(24,996	)
Unrealized loss on marketable securities, net of tax		(557	)		(1,058	)
Accumulated other comprehensive income (loss)	$	8,216		$	(13,547	)