XML 41 R37.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity (Tables)
12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]
The following table presents the changes in the balances of each component of Accumulated other comprehensive loss including current period reclassifications out of Accumulated other comprehensive loss for the year ended December 31, 2013. All amounts are net of tax and noncontrolling interest.

 
Accumulated Other Comprehensive Loss Components
 
Net Unrecognized Pension And Other Post-Retirement Benefit Cost
 
Foreign Currency Translation Adjustment
 
Unrealized Loss On Hedging Activities
 
Total
 
(In thousands)
 
 
 
 
 
 
 
 
Beginning balance
$
(247,332
)
 
$
104,718

 
$
(3,980
)
 
$
(146,594
)
Acquisition of shares held by noncontrolling interest

 
(381
)
 

 
(381
)
Other comprehensive income (loss) before reclassifications:
 
 
 
 
 
 
 
Net actuarial gain
77,515

 

 

 
77,515

Foreign currency translation adjustment

 
21,083

 

 
21,083

Gain on long-term intra-entity foreign currency transactions

 
2,176

 

 
2,176

Loss on net investment hedges

 

 
(14,261
)
 
(14,261
)
Unrealized gain on cash flow hedges

 

 
3,832

 
3,832

Other comprehensive income (loss) before reclassifications
77,515

 
23,259

 
(10,429
)
 
90,345

Amounts reclassified from Accumulated other comprehensive loss
10,022

 

 

 
10,022

Net current period Other comprehensive income (loss)
87,537

 
23,259

 
(10,429
)
 
100,367

Ending balance
$
(159,795
)
 
$
127,596

 
$
(14,409
)
 
$
(46,608
)
Amounts reclassified from Accumulated other comprehensive loss [Table Text Block]
The effect on Net income of amounts reclassified out of each component of Accumulated other comprehensive loss for the year ended December 31, 2013 is as follows:
 
Year Ended December 31, 2013
 
Amounts Reclassified From Accumulated Other Comprehensive Loss
 
Tax Benefit
 
Total
 
(In thousands)
 
 
 
 
 
 
Pension and other post-retirement benefit cost:
 
 
 
 
 
Amortization of net loss (1)
$
10,489

 
$
(715
)
 
$
9,774

Amortization of prior service cost(1)
248

 

 
248

 
$
10,737

 
$
(715
)
 
$
10,022

 
(1) Included in the computation of net periodic benefit cost. See Note 13, “Defined Benefit Plans” for additional details.
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan [Table Text Block]
The Company’s Consolidated Statements of Operations reflect the following amounts related to stock-based compensation:
 
 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
 
 
(In thousands)
Stock-based compensation expense
 
$
13,334

 
$
9,373

 
$
4,908

Deferred tax benefit
 
434

 
305

 
1,719

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Stock-based compensation expense for stock option awards is based upon the grant-date fair value using the Black-Scholes option pricing model. The Company recognizes compensation expense for stock option awards on a straight-line basis over the requisite service period of the entire award. The following table shows the weighted-average assumptions used to calculate the fair value of stock option awards using the Black-Scholes option pricing model, as well as the weighted-average fair value of options granted: 
 
 
Year Ended December 31,
 
 
2013
 
2012
 
2011
Expected period that options will be outstanding (in years)
 
4.90

 
5.41

 
4.50

Interest rate (based on U.S. Treasury yields at the time of grant)
 
1.06
%
 
0.99
%
 
2.10
%
Volatility
 
43.22
%
 
42.59
%
 
52.50
%
Dividend yield
 

 

 

Weighted-average fair value of options granted
 
$
18.07

 
$
13.14

 
$
9.68

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Stock option activity is as follows:
 
 
 
Number
of Options
 
Weighted-
Average
Exercise
Price
 
Weighted-
Average
Remaining
Contractual
Term
(In years)
 
Aggregate
Intrinsic
Value
(1)(In thousands)
Outstanding at January 1, 2013
 
2,210,116

 
$
25.35

 
 
 
 

Granted
 
551,480

 
46.99

 
 
 
 

Exercised
 
(244,519
)
 
15.11

 
 
 
 

Forfeited
 
(81,446
)
 
34.66

 
 
 
 

Expired
 
(3,841
)
 
21.15

 
 
 
 

Outstanding at December 31, 2013
 
2,431,790

 
$
30.98

 
4.94
 
$
79,528

Vested or expected to vest at December 31, 2013
 
2,378,775

 
$
30.77

 
4.92
 
$
78,305

Exercisable at December 31, 2013
 
797,724

 
$
18.92

 
3.63
 
$
35,717

__________
(1) 
The aggregate intrinsic value is based upon the difference between the Company’s closing stock price at the date of the Consolidated Balance Sheet and the exercise price of the stock option for in-the-money stock options. The intrinsic value of outstanding stock options fluctuates based upon the trading value of the Company’s Common stock.
Schedule of Nonvested Share Activity [Table Text Block]
The activity in the Company’s PRSUs and RSUs is as follows:
 
 
 
PRSUs
 
RSUs
 
 
Number
of Units
 
Weighted-
Average
Grant Date
Fair Value
 
Number
of Units
 
Weighted-
Average
Grant Date
Fair Value
Nonvested at January 1, 2013
 
560,951

 
$
24.40

 
54,876

 
$
26.23

Granted
 
81,549

 
45.20

 
105,778

 
46.78

Vested
 
(15,507
)
 
18.13

 
(35,761
)
 
25.85

Forfeited
 
(50,251
)
 
20.35

 
(3,104
)
 
41.06

Nonvested at December 31, 2013
 
576,742

 
$
27.86

 
121,789

 
$
43.81