Equity

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Equity

During the three months ended March 31, 2015, we repurchased 683,290 of our common shares for $72.9 million. Included in this total were rights to 6,649 shares valued at $0.7 million that were surrendered to us pursuant to the terms of a stock-based compensation plan in consideration of the participants' tax burdens that may result from the issuance of common shares under that plan. Such common shares, unless canceled, may be reissued for a variety of purposes such as future acquisitions, non-employee director stock awards or employee stock awards. During the three months ended March 31, 2015, 22,646 treasury shares were distributed upon vesting of stock-based awards.

In February 2015, we paid a quarterly dividend of $0.55 per share of common stock. In addition, on April 13, 2015, we declared a quarterly dividend of $0.55 per share of common stock for shareholders of record on April 24, 2015 and payable on May 22, 2015.

The following table summarizes our changes in equity for the three months ended March 31, 2015 (in thousands):

	Common Shares		Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Non-Controlling Interest			Total Equity
December 31, 2014	$	1,174	$	—		$	415,906		$	(11,894	)	$	(317,613	)	$	6,420		$	93,993
Stock based-awards	—		925			—			—			4,283			—			5,208
Tax benefit of stock-based awards issued	—		(68		)	—			—			—			—			(68		)
Repurchase of common shares	—		—			—			—			(72,898		)	—			(72,898		)
Dividends paid	—		—			(23,940		)	—			—			—			(23,940		)
Amortization of deferred pension costs, net of tax	—		—			—			105			—			—			105
Interest rate swaps	—		—			—			(897		)	—			—			(897		)
Net income (loss)	—		—			31,399			—			—			(357		)	31,042
March 31, 2015	$	1,174	$	857		$	423,365		$	(12,686	)	$	(386,228	)	$	6,063		$	32,545

Accumulated other comprehensive income (loss) consisted of the following (in thousands):

	March 31, 2015			December 31, 2014
Transition asset	$	49		$	65
Prior service cost	704			718
Unrecognized net actuarial loss	(11,460		)	(11,595		)
Fair value of derivatives	(1,979		)	(1,082		)
Total accumulated other comprehensive income (loss)	$	(12,686	)	$	(11,894	)