4) Comprehensive Income and Accumulated Other Comprehensive Income
The components of comprehensive income are as follows:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Six Months |
|
|
Three Months Ended |
|
| |
|
July 2, |
|
|
July 3, |
|
|
July 2, |
|
|
July 3, |
|
| (in thousands) |
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ |
9,757 |
|
|
$ |
5,830 |
|
|
$ |
4,548 |
|
|
$ |
2,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreign currency translation adjustments
|
|
|
203 |
|
|
|
(47 |
) |
|
|
(1 |
) |
|
|
(261 |
) |
|
Accumulated Retirement Liability Adjustment, net
of tax of $24 and $12 in 2011 and $25 and $12
in 2010, for the six and three months ended,
respectively.
|
|
|
45 |
|
|
|
47 |
|
|
|
22 |
|
|
|
24 |
|
|
Gain (Loss) on derivatives, net of tax of $20 and
$7 in 2011 and $75 and $44 in 2010, for the six
and three months ended, respectively.
|
|
|
37 |
|
|
|
(139 |
) |
|
|
(13 |
) |
|
|
(78 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive income
|
|
$ |
10,042 |
|
|
$ |
5,691 |
|
|
$ |
4,556 |
|
|
$ |
2,115 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The components of accumulated other comprehensive income (loss) are as follows:
| |
|
|
|
|
|
|
|
|
| |
|
July 2, |
|
|
December 31, |
|
| (in thousands) |
|
2011 |
|
|
2010 |
|
|
|
|
|
|
|
|
|
|
|
|
Accumulated foreign currency translation
|
|
$ |
1,525 |
|
|
$ |
1,322 |
|
|
Accumulated loss on derivative adjustment
|
|
|
(301 |
) |
|
|
(338 |
) |
|
Accumulated retirement liability adjustment
|
|
|
(941 |
) |
|
|
(986 |
) |
|
|
|
|
|
|
|
|
|
Accumulated other comprehensive income (loss)
|
|
$ |
283 |
|
|
$ |
(2 |
) |
|
|
|
|
|
|
|
|
|