Quarterly report pursuant to Section 13 or 15(d)

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

v2.4.0.6
Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)
3 Months Ended
Jun. 30, 2012
Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)  
Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)

Note 4. Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss)

 

Comprehensive income (loss) for the quarters ended June 30, 2012 and 2011 includes the following components (amounts in thousands):

 

 

 

Quarter Ended June 30,

 

 

 

2012

 

2011

 

Net income (loss)

 

$

(17,753

)

$

31,849

 

 

 

 

 

 

 

 

 

Currency translation gain (loss)(1)

 

(7,966

)

3,105

 

Amortization of defined benefit pension plans

 

102

 

115

 

Amortization of postretirement benefit plan

 

71

 

(71

)

 

 

$

(25,546

)

$

34,998

 

 

 

(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 ended June 30, 2012 and 2011.

 

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

 

 

 

June 30, 2012

 

March 31, 2012

 

Foreign currency translation gain

 

$

10,141

 

$

18,107

 

Defined benefit postretirement plan adjustments

 

2,066

 

1,995

 

Defined benefit pension plans

 

(7,980

)

(8,082

)

 

 

$

4,227

 

$

12,020