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Shareholders' Equity
 6 Months Ended
Jun. 30, 2012
Equity [Abstract]  
Shareholders' Equity
Shareholders' Equity
Treasury Stock
On May, 2, 2012 our Board of Directors authorized a share repurchase program of 5.0 million shares of common stock. For the three months ended June 30, 2012 we repurchased 0.4 million shares of common stock for $2.4 million and as of June 30, 2012 we had remaining authorization to repurchase up to 4.6 million shares. The treasury stock held as of June 30, 2012 was acquired at an average price of $25.16 per share.
Following is a summary of treasury share activity:
 
 
Treasury Shares
Balance as of December 31, 2011
 
4,663,923

  Purchases
 
410,793

  Exercise of stock options
 
—

  Restricted stock grants and other
 
(509,259
)
  401(k) matching contribution
 
(337,718
)
Balance as of June 30, 2012
 
4,227,739


Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss consisted of the following:
 
 
June 30,
 
December 31,
(In millions)
 
2012
 
2011
Cumulative currency translation adjustment
 
$
(49.2
)
 
$
(47.4
)
Pension adjustments, net of income tax
 
(26.3
)
 
(26.8
)
Cash flow hedging and other, net of income tax
 
1.8

 
1.6

Total accumulated other comprehensive loss
 
$
(73.7
)
 
$
(72.6
)

Comprehensive Loss
Components of comprehensive loss consisted of the following:
 
 
Three Months Ended
 
Six Months Ended
 
 
June 30,
 
June 30,
 
 
2012
 
2011
 
2012
 
2011
 
 
 
 
 
 
 
 
 
Other comprehensive income (loss), net of tax:
 
 
 
 
 
 
 
 
Net unrealized (losses) gains on derivative financial instruments:
 
 
 
 
 
 
 
 
Net holding (losses) gains arising during the period
 
(1.0
)
 
(1.7
)
 
1.4

 
(2.5
)
Tax benefit (expense)
 
0.6

 
0.6

 
(0.5
)
 
0.7

Reclassification adjustment for net realized (gains) losses included in net loss
 
(0.4
)
 
0.2

 
(1.1
)
 
0.2

Tax expense (benefit)
 
0.1

 
(0.1
)
 
0.4

 
(0.1
)
Total net unrealized (losses) gains on derivative financial instruments
 
(0.7
)
 
(1.0
)
 
0.2

 
(1.7
)
 
 
 
 
 
 
 
 
 
Net pension adjustments:
 
 
 
 
 
 
 
 
Reclassification of adjustments for defined benefit plans recorded in net loss
 
0.5

 
1.6

 
0.9

 
1.8

Tax benefit
 
(0.2
)
 
(0.6
)
 
(0.4
)
 
(0.7
)
Total net pension adjustments
 
0.3

 
1.0

 
0.5

 
1.1

 
 
 
 
 
 
 
 
 
Unrealized foreign currency translation (losses) gains
 
(2.4
)
 
5.4

 
(1.8
)
 
11.0



Amounts above are presented to show each component of comprehensive loss on a gross basis and the related taxes. Income taxes are not provided for foreign translation relating to permanent investments in international subsidiaries. Reclassification adjustments are made to avoid double counting in comprehensive loss items that are also recorded as part of net loss. These items are presented net of taxes on the Condensed Consolidated Statements of Comprehensive Loss.