Accumulated Other Comprehensive Income

6 Months Ended

Sep. 30, 2011

Accumulated Other Comprehensive Income.

Accumulated Other Comprehensive Income

Note 4. Accumulated Other Comprehensive Income

Comprehensive income for the quarters and six months ended September 30, 2011 and 2010 includes the following components (amounts in thousands):

	Quarters Ended September 30,						Six Months Ended September 30,
	2011			2010			2011			2010
Net income	$	14,318		$	34,911		$	46,167		$	14,812
Amortization of postretirement benefit plan	(91		)	(75		)	(161		)	(150		)
Amortization of defined benefit pension plans	100			37			216			112
Currency translation gain (loss) (1)	(11,592		)	15,942			(8,487		)	5,168
Net income and other comprehensive income	$	2,735		$	50,815		$	37,735		$	19,942

(1) Due primarily to the Company’s permanent re-investment assertion relating to foreign earnings, there was no significant deferred tax effect associated with the cumulative currency translation gains and losses during the quarters and six month periods ended September 30, 2011 and September 30, 2010.

The components of “Accumulated other comprehensive income” on the Condensed Consolidated Balance Sheets are as follows (amounts in thousands):

	September 30, 2011			March 31, 2011
Foreign currency translation gain	$	18,589		$	27,076
Defined benefit postretirement plan adjustments	1,949			2,111
Defined benefit pension plans	(6,416		)	(6,632		)
Accumulated other comprehensive income	$	14,122		$	22,555