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Accumulated Other Comprehensive Loss | 3 Months Ended
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Mar. 31, 2013
Accumulated Other Comprehensive Income [Abstract] |
Accumulated Other Comprehensive Income | 9. Accumulated Other Comprehensive Income The Company adopted the provisions of Accounting Standards Update 2013-02 for the first quarter of 2013, which requires enhanced disclosures of Accumulated Other Comprehensive Income. The table below presents changes in the components of Accumulated Other Comprehensive Income for the period December 31, 2012 to March 31, 2013:
(in thousands) |  | Translation adjustments |  | Pension and postretirement liability adjustments |  | Derivative valuation adjustment |  | Total Other Comprehensive Income
Balance, December 31, 2012 |  | ($7,659 | ) |  | ($69,484 | ) |  | ($2,878 | ) |  | ($80,021 | )
Other comprehensive income before reclassifications |  | (11,288 | ) |  | 666 |  |  | 279 |  |  | (10,343 | )
Transfers of pension and postretirement liability adjustments to income statement, net of tax |  |  |  |  | 503 |  |  | - |  |  | 503 |
Net current period other comprehensive income |  | (11,288 | ) |  | 1,169 |  |  | 279 |  |  | (9,840 | )
Balance, March 31, 2013 |  | ($18,947 | ) |  | ($68,315 | ) |  | ($2,599 | ) |  | ($89,861 | )
The only component of our Accumulated Other Comprehensive Income that is reclassified to the Statement of Income relates to our pension and postretirement plans. The table below presents the amounts reclassified, and the line items of the Statement of Income that were affected.
For the three months ended March 31, 2013 |  | Expense/(income)
(in thousands) |  | 2013
Pretax amounts reclassified from Accumulated Other Comprehensive Income: |  |  |
Amortization of prior service cost/(credit) |  | ($908 | )
Amortization of transition obligation |  | 17 |
Amortization of net actuarial loss |  | 1,664 |
Total pretax amount reclassified |  | 773 |
Income tax effect |  | (270 | )
Effect on net income due to items reclassified from Accumulated Other Comprehensive Income |  | $503 |

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