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

6 Months Ended

Jun. 30, 2012

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 June 30, 2012 and 2011 were as follows:

	Three Months Ended					Six Months Ended
(Dollars in thousands)	June 30,			June 30,		June 30,			June 30,
	2012			2011		2012			2011
Net income (loss)	$	6,455		$	12,128	$	4,646		$	21,563
Foreign currency translation adjustments		(10,857	)		6,298		(4,886	)		21,262
Unrealized gain (loss) on marketable securities, net of tax		-			420		1,168			501
Unrealized gain (loss) on derivative instruments, net of tax		(43	)		-		212			-
Comprehensive income (loss)	$	(4,445	)	$	18,846	$	1,140		$	43,326

The components of accumulated other comprehensive income (loss) at June 30, 2012 and December 31, 2011 were as follows:

	June 30,			December 31,
(Dollars in thousands)	2012			2011
Foreign currency translation adjustments	$	989		$	5,875
Funded status of pension plans and other postretirement benefits, net of tax		(67,239	)		(67,239	)
Unrealized gain (loss) on derivative instruments, net of tax		(58	)		(270	)
Unrealized gain (loss) on marketable securities, net of tax		-			(1,168	)
Accumulated other comprehensive income (loss)	$	(66,308	)	$	(62,802	)