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

9 Months Ended

Sep. 30, 2011

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

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

Comprehensive income (loss) for the periods ended September 30, 2011 and 2010 was as follows:

	Three Months Ended					Nine Months Ended
(Dollars in thousands)	September 30, 2011			September 30, 2010		September 30, 2011			September 30, 2010
Net income	$	14,356		$	8,856	$	35,919		$	24,023
Foreign currency translation adjustments		(19,956	)		8,904		1,304			(2,430	)
Unrealized gain (loss) on marketable securities, net of tax		(533	)		623		(31	)		1,592
Unrealized gain (loss) on derivative instruments, net of tax		(700	)		232		(700	)		(24	)
Comprehensive income (loss)	$	(6,833	)	$	18,615	$	36,492		$	23,161

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

(Dollars in thousands)	September 30, 2011			December 31, 2010
Foreign currency translation adjustments	$	13,811		$	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		(1,089	)		(1,058	)
Unrealized gain (loss) on derivative instruments, net of tax		(700	)		-
Accumulated other comprehensive income (loss)	$	(12,974	)	$	(13,547	)