Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v2.4.0.6
Accumulated Other Comprehensive Income
9 Months Ended
Dec. 31, 2011
Accumulated Other Comprehensive Income  
Accumulated Other Comprehensive Income

Note 5. Accumulated Other Comprehensive Income

 

Comprehensive income for the quarters and nine months ended December 31, 2011 and 2010 includes the following components (amounts in thousands):

 

 

 

Quarters Ended December 31,

 

Nine Months Ended December 31,

 

 

 

2011

 

2010

 

2011

 

2010

 

Net income (loss)

 

$

(27,771

)

$

27,167

 

$

18,396

 

$

41,979

 

Amortization of postretirement benefit plan

 

(82

)

(80

)

(243

)

(230

)

Amortization of defined benefit pension plans

 

118

 

59

 

334

 

171

 

Currency translation gain (1)

 

(5,854

)

(2,432

)

(14,341

)

2,736

 

Net comprehensive income (loss)

 

$

(33,589

)

$

24,714

 

$

4,146

 

$

44,656

 

 

 

(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 nine month periods ended December 31, 2011 and December 31, 2010.

 

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

 

 

 

December 31, 2011

 

March 31, 2011

 

Foreign currency translation gain

 

$

12,735

 

$

27,076

 

Defined benefit postretirement plan adjustments

 

1,868

 

2,111

 

Defined benefit pension plans

 

(6,298

)

(6,632

)

Accumulated other comprehensive income

 

$

8,305

 

$

22,555