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Shareholders' Equity
 9 Months Ended
Sep. 30, 2013
Equity [Abstract]  
Shareholders' Equity
Shareholders' Equity
Treasury Stock
On May 2, 2012, our Board of Directors authorized a share repurchase program that allowed for the repurchase of 5.0 million shares of common stock. For the nine months ended September 30, 2013, we have repurchased 0.6 million shares of common stock for $2.5 million. Since the authorization of this program, we have repurchased 1.8 million shares of common stock for $9.0 million, and as of September 30, 2013 we had remaining authorization to repurchase up to 3.2 million additional shares. The treasury stock held as of September 30, 2013 was acquired at an average price of $23.31 per share.
Following is a summary of treasury share activity:
 
 
Treasury Shares
Balance as of December 31, 2012
 
1,563,321

  Purchases
 
616,581

  Exercise of stock options
 
—

  Restricted stock grants and other
 
(656,413
)
  401(k) matching contribution
 
(378,511
)
Balance as of September 30, 2013
 
1,144,978


Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss and related activity consisted of the following:
(In millions)
 
Gains (Losses) on Derivative Financial Instruments
 
Defined Benefit Plans
 
Foreign Currency Translation
 
Total
Balance as of December 31, 2012
 
$
2.7

 
$
(27.8
)
 
$
(49.1
)
 
$
(74.2
)
Other comprehensive (loss) income before reclassifications, net of tax 1
 
4.1

 
5.4

 
(5.6
)
 
3.9

Amounts reclassified from accumulated other comprehensive loss, net of tax
 
(5.2
)
 
4.4

 
—

 
(0.8
)
Net current-period other comprehensive income (loss)
 
(1.1
)
 
9.8

 
(5.6
)
 
3.1

Balance as of September 30, 2013
 
$
1.6

 
$
(18.0
)
 
$
(54.7
)
 
$
(71.1
)
1Income tax benefit of $0.2 million was recorded for unrealized losses on derivative financial instruments for the three months ended September 30, 2013 and income tax expense of $2.6 million was recorded for unrealized gains on derivative financial instruments for the nine months ended September 30, 2013, respectively.
Details of amounts reclassified from Accumulated other comprehensive loss and the line item in the Condensed Consolidated Statement of Operations for the nine months ended September 30, 2013 are as follows:
(In millions)
 
Amounts Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Item in the Statement Where Net Loss is Presented
 
 
 
 
 
(Gains) Losses on cash flow hedges
 
$
(8.4
)
 
Cost of goods sold
 
 
3.2

 
Income tax provision
 
 
(5.2
)
 
Net of tax
Amortization of net actuarial loss
 
1.4

 
Selling, general and administrative
Pension settlement loss
 
3.0

 
Restructuring and other
 
 
—

 
Income tax benefit
 
 
4.4

 
Net of tax
Total reclassifications for the period
 
$
(0.8
)