Invacare 2011 Annual Report Download - page 101

INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Other Comprehensive Earnings
The components of accumulated other comprehensive earnings are as follows (in thousands):
Currency
Translation
Adjustments
Unrealized
Gain
(Loss) on
Available-
for-Sale
Securities
Defined
Benefit
Plans
Unrealized
Gain
(Loss) on
Derivative
Financial
Instruments Total
Balance at January 1, 2009 ............................. $ 54,692 $ 588 $(1,558) $(2,933) $ 50,789
Foreign currency translation adjustments .................... 119,453 119,453
Unrealized gain on available for sale securities ............... 96 96
Deferred tax liability relating to unrealized gain on available for
sale securities ....................................... (34) (34)
Valuation reserve reduction relating to unrealized loss on
available for sale securities ............................. 34 34
Defined Benefit Plans:
Amortization of prior service costs and unrecognized losses . . . 537 537
Deferred tax expense resulting from amortization of prior
service costs and unrecognized losses, prior service credit
and other amounts arising during the year ............. (188) (188)
Valuation reserve reduction associated with item directly
above .......................................... 188 188
Current period unrealized gain on cash flow hedges, net of
reclassifications ...................................... 3,360 3,360
Deferred tax loss relating to unrealized loss on derivative
financial instruments .................................. (31) (31)
Balance at December 31, 2009 ........................... $174,145 $ 684 $(1,021) $ 396 $174,204
Foreign currency translation adjustments .................... (59,823) (59,823)
Unrealized loss on available for sale securities ............... (684) (684)
Deferred tax asset relating to unrealized loss on available for sale
securities ........................................... 239 239
Valuation reserve reduction relating to unrealized loss on
available for sale securities ............................. (239) (239)
Defined Benefit Plans:
Amortization of prior service costs and unrecognized losses . . . 549 549
Amounts arising during the year, primarily due to the
addition of new participants ........................ (1,860) (1,860)
Deferred tax adjustment resulting from defined benefit plan
amortization of prior service costs and unrecognized
losses .......................................... 459 459
Valuation reserve increase associated with item directly
above .......................................... (459) (459)
Current period unrealized gain on cash flow hedges, net of
reclassifications ...................................... 273 273
Deferred tax loss relating to unrealized gain on derivative
financial instruments .................................. (28) (28)
Balance at December 31, 2010 ........................... $114,322 $ — $(2,332) $ 641 $112,631
Foreign currency translation adjustments .................... 14,440 14,440
Defined Benefit Plans:
Amortization of prior service costs and unrecognized losses . . . 321 321
Amounts arising during the year, primarily due to the
addition of new participants ........................ (2,770) (2,770)
Deferred tax adjustment resulting from Defined benefit plan
amortization of prior service costs and unrecognized
losses .......................................... 857 857
Valuation reserve increase associated with item directly
above .......................................... (857) (857)
Current period unrealized loss on cash flow hedges, net of
reclassifications ...................................... 305 305
Deferred tax benefits relating to unrealized loss on derivative
financial instruments .................................. (51) (51)
Balance at December 31, 2011 ........................... $128,762 $ — $(4,781) $ 895 $124,876
FS-29