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Shareholders' Equity
 6 Months Ended
Jun. 30, 2014
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, replacing our previous authorization. For the three months ended June 30, 2014 we repurchased 0.3 million shares of common stock for $0.9 million. Since the authorization of this program, we have repurchased 2.1 million shares of common stock for $9.9 million, and as of June 30, 2014 we had remaining authorization to repurchase up to 2.9 million additional shares. The treasury stock held as of June 30, 2014 was acquired at an average price of $19.57 per share.
Following is a summary of treasury share activity:
 
 
Treasury Shares
Balance as of December 31, 2013
 
1,121,926

  Purchases
 
260,268

  Exercise of stock options
 
(87,569
)
  Restricted stock grants, forfeitures and other
 
(924,546
)
  401(k) matching contribution
 
(273,032
)
Balance as of June 30, 2014
 
97,047


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, 2013
 
$
2.4

 
$
(11.6
)
 
$
(53.6
)
 
$
(62.8
)
Other comprehensive income (loss) before reclassifications, net of tax 1
 
(1.5
)
 
0.8

 
(1.3
)
 
(2.0
)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax
 
(0.4
)
 
0.7

 
—

 
0.3

Net current-period other comprehensive income (loss)
 
(1.9
)
 
1.5

 
(1.3
)
 
(1.7
)
Balance as of June 30, 2014
 
$
0.5

 
$
(10.1
)
 
$
(54.9
)
 
$
(64.5
)
1Income tax benefit of $0.9 million was recorded for unrealized losses on derivative financial instruments for the six months ended June 30, 2014.
Details of amounts reclassified from accumulated other comprehensive loss and the line item in the Condensed Consolidated Statement of Operations for the three and six months ended June 30, 2014 are as follows:
 
 
Amounts Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Item in the Consolidated Statement of Operations Where (Gain) Loss is Presented
 
 
Three Months Ended
 
Six Months Ended
 
(In millions)
 
June 30, 2014
 
June 30, 2014
 
Gains on cash flow hedges
 
$
(0.2
)
 
$
(0.8
)
 
Cost of goods sold
Income tax expense
 
0.1

 
0.4

 
Income tax provision
 
 
(0.1
)
 
(0.4
)
 
 
Amortization of net actuarial loss
 
0.2

 
0.6

 
Selling, general and administrative
Net pension curtailment/settlement loss (gain)
 
0.6

 
(0.1
)
 
Restructuring and other
Income tax expense
 
—

 
0.2

 
Income tax provision
 
 
0.8

 
0.7

 
 
Total reclassifications for the period
 
$
0.7

 
$
0.3