Equity

12 Months Ended

Dec. 31, 2011

Equity [Abstract]

Equity

Note 6 –Equity

The Company's Board of Directors has extended, until October 2012, its authorization to repurchase up to ten million shares of the Company's common stock through open market transactions or through privately negotiated transactions.  The Company has no obligation to purchase any shares and may cancel, suspend, or extend the time period for the purchase of shares at any time.  Any purchases will be funded primarily through existing cash and cash from operations.  The Company may hold any shares purchased in treasury or use a portion of the repurchased shares for its stock-based compensation plans, as well as for other corporate purposes.  From its initial authorization in 1999 through December 31, 2011, the Company had repurchased approximately 2.4 million shares under this authorization.

Components of accumulated other comprehensive loss are as follows:

(In thousands)	2011			2010
Cumulative foreign currency translation adjustment	$	(10,396	)	$	(9,480	)
Unrecognized prior service cost, net of income tax		(13	)		(13	)
Unrecognized actuarial net loss, net of income tax		(38,667	)		(28,289	)
Unrecognized derivative gains, net of income tax		(422	)		566
Unrealized gain on marketable securities, net of income tax		89			170
Accumulated other comprehensive loss	$	(49,409	)	$	(37,046	)

The change in cumulative foreign currency translation adjustment primarily relates to the Company's investment in foreign subsidiaries and fluctuations in exchange rates between their local currencies and the U.S. dollar.  During 2011, the value of the Mexican peso decreased approximately 11.4 percent relative to the U.S. dollar.