Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v2.3.0.15
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