Note 9. Shareholders' Equity

9 Months Ended

Sep. 30, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders' Equity

Accumulated Other Comprehensive Loss

All changes in equity, except those resulting from investments by owners and distributions to owners, are reported in the statements of consolidated comprehensive income. The following is a summary of the components of accumulated other comprehensive loss and the changes in accumulated other comprehensive loss:

(Dollars in thousands)	Foreign Currency Translation Adjustment			Employee Benefit Plans			Total
Balances at June 30, 2014	$	(741	)	$	(267,061	)	$	(267,802	)
Other comprehensive loss before reclassifications	(891		)	—			(891		)
Amounts reclassified from accumulated other comprehensive loss	—			1,259			1,259
Balances at September 30, 2014	$	(1,632	)	$	(265,802	)	$	(267,434	)

(Dollars in thousands)	Foreign Currency Translation Adjustment			Employee Benefit Plans			Total
Balances at December 31, 2013	$	(424	)	$	(269,107	)	$	(269,531	)
Other comprehensive loss before reclassifications	(1,208		)	—			(1,208		)
Amounts reclassified from accumulated other comprehensive loss	—			3,305			3,305
Balances at September 30, 2014	$	(1,632	)	$	(265,802	)	$	(267,434	)

(Dollars in thousands)	Foreign Currency Translation Adjustment			Employee Benefit Plans			Total
Balances at June 30, 2013	$	(1,037	)	$	(449,062	)	$	(450,099	)
Other comprehensive income before reclassifications	305			—			305
Amounts reclassified from accumulated other comprehensive loss	—			3,051			3,051
Balances at September 30, 2013	$	(732	)	$	(446,011	)	$	(446,743	)

(Dollars in thousands)	Foreign Currency Translation Adjustment			Employee Benefit Plans			Total
Balances at December 31, 2012	$	(1,295	)	$	(455,166	)	$	(456,461	)
Other comprehensive income before reclassifications	563			—			563
Amounts reclassified from accumulated other comprehensive loss	—			9,155			9,155
Balances at September 30, 2013	$	(732	)	$	(446,011	)	$	(446,743	)

See Note 5, “Employee Benefit Plans” for additional information concerning Con-way's employee benefit plans, including amounts reported for net periodic benefit expense or income.

Common Stock Repurchase Program and Cash Dividend

In June 2014, Con-way's Board of Directors authorized the repurchase of up to $150 million of Con-way's common stock in open market purchases or privately negotiated transactions from time to time in such amounts as management determines. As of September 30, 2014, Con-way repurchased a total of 90,000 shares at a cost of $4.6 million.

On July 29, 2014, Con-way's Board of Directors increased the quarterly dividend to be paid to shareholders from 10 cents per common share to 15 cents per common share. On September 12, 2014, the quarterly dividend of 15 cents per common share was paid to shareholders of record on August 15, 2014. Each quarterly dividend payment is subject to review and approval by Con-way's Board of Directors.