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Shareholders' Equity
 3 Months Ended
Mar. 31, 2015
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 March 31, 2015, we repurchased 0.2 million shares of common stock for $0.7 million. Since the authorization of this program, we have repurchased 2.8 million shares of common stock for $12.2 million and, as of March 31, 2015, we had remaining authorization to repurchase up to 2.2 million additional shares. The treasury stock held as of March 31, 2015 was acquired at an average price of $9.75 per share.
Following is a summary of treasury share activity:
 
 
Treasury Shares
Balance as of December 31, 2014
 
627,796

  Purchases
 
157,101

  Exercise of stock options
 
—

  Restricted stock grants
 
(690,662
)
  Forfeitures and other
 
133,799

Balance as of March 31, 2015
 
228,034


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, 2014
 
$
5.1

 
$
(20.6
)
 
$
(69.3
)
 
$
(84.8
)
Other comprehensive income (loss) before reclassifications, net of tax 1
 
0.9

 
—

 
(4.6
)
 
(3.7
)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax
 
(2.1
)
 
0.2

 
—

 
(1.9
)
Net current period other comprehensive (loss) income
 
(1.2
)
 
0.2

 
(4.6
)
 
(5.6
)
Balance as of March 31, 2015
 
$
3.9

 
$
(20.4
)
 
$
(73.9
)
 
$
(90.4
)
1Income tax expense of $0.6 million was recorded for unrealized gains on derivative financial instruments for the three months ended March 31, 2015.
Details of amounts reclassified from accumulated other comprehensive loss and the line item in the Condensed Consolidated Statement of Operations for the three months ended March 31, 2015 are as follows:
(In millions)
 
Amounts Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Item in the Consolidated Statement of Operations Where (Gain) Loss is Presented
Gains on cash flow hedges
 
(3.2
)
 
Cost of goods sold
Income tax expense
 
1.1

 
Income tax provision
 
 
(2.1
)
 
 
Amortization of net actuarial loss
 
0.3

 
Selling, general and administrative
Income tax benefit
 
(0.1
)
 
Income tax provision
 
 
0.2

 
 
Total reclassifications for the period
 
(1.9
)