Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2019

Class of Stock [Line Items]

Schedule of Stock by Class

The following is a summary of our capital stock activity:

(in thousands)	Common Stock
March 31, 2018	—
Issuance of common stock	77,340
June 30, 2018	77,340
Shares issued—share-based compensation	1
September 30, 2018	77,341

(in thousands)	Common Stock
December 31, 2018	77,353
Shares issued—share-based compensation	39
March 31, 2019	77,392
Shares issued—share-based compensation	67
June 30, 2019	77,459
Shares issued—share-based compensation	1
September 30, 2019	77,460

Schedule of Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss consisted of the following:

(in thousands)	Foreign Currency Translation			Defined Pension and Other Post-Retirement Benefits			Accumulated Other Comprehensive Loss
December 31, 2017	$	(21,936	)	$	(4,480	)	$	(26,416	)
Reclassification adjustment for cumulative effect of change in accounting principle	—			(1,315		)	(1,315		)
Other comprehensive loss before reclassifications, net of tax	(1,691		)	—			(1,691		)
Reclassification adjustment for net losses included in net income, net of tax	—			49			49
Other comprehensive income (loss), net of tax	(1,691		)	49			(1,642		)
March 31, 2018	(23,627		)	(5,746		)	(29,373		)
Net transfer from Dover	—			(1,450		)	(1,450		)
Other comprehensive income (loss) before reclassifications, net of tax	(6,874		)	170			(6,704		)
Reclassification adjustment for net losses included in net income, net of tax	—			46			46
Other comprehensive income (loss), net of tax	(6,874		)	216			(6,658		)
June 30, 2018	(30,501		)	(6,980		)	(37,481		)
Net transfer from Dover	—			(970		)	(970		)
Other comprehensive loss before reclassifications, net of tax	(515		)	—			(515		)
Reclassification adjustment for net losses included in net income, net of tax	—			439			439
Other comprehensive income (loss), net of tax	(515		)	439			(76		)
September 30, 2018	$	(31,016	)	$	(7,511	)	$	(38,527	)

(in thousands)	Foreign Currency Translation			Defined Pension and Other Post-Retirement Benefits			Accumulated Other Comprehensive Loss
December 31, 2018	$	(36,146	)	$	(6,760	)	$	(42,906	)
Other comprehensive income (loss) before reclassifications, net of tax	1,090			(323		)	767
Reclassification adjustment for net losses included in net income, net of tax	—			422			422
Other comprehensive income, net of tax	1,090			99			1,189
March 31, 2019	(35,056		)	(6,661		)	(41,717		)
Other comprehensive income before reclassifications, net of tax	974			—			974
Reclassification adjustment for net losses included in net income, net of tax	—			68			68
Other comprehensive income, net of tax	974			68			1,042
June 30, 2019	(34,082		)	(6,593		)	(40,675		)
Other comprehensive loss before reclassifications, net of tax	(2,900		)	—			(2,900		)
Reclassification adjustment for net losses included in net income, net of tax	—			68			68
Other comprehensive income (loss), net of tax	(2,900		)	68			(2,832		)
September 30, 2019	$	(36,982	)	$	(6,525	)	$	(43,507	)

Reclassifications from accumulated other comprehensive loss

Reclassification adjustments from accumulated other comprehensive loss to net income related to defined pension and other post-retirement benefits consisted of the following:

	Three Months Ended September 30,						Nine Months Ended September 30,						Affected line items on the condensed consolidated statements of income
(in thousands)	2019			2018			2019			2018
Amortization of actuarial loss and other (1)	$	91		$	116		$	274		$	242		Other (income) expense, net
Settlement loss (1)	—			484			486			484			Other (income) expense, net
Total before tax	91			600			760			726			Income before income taxes
Tax benefit	(23		)	(161		)	(202		)	(192		)	Provision for income taxes
	$	68		$	439		$	558		$	534		Net income

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(1) These accumulated other comprehensive loss components are included in the computation of net periodic benefit cost (See Note 15—Employee Benefit Plans for additional information).