Shareholders' Equity

12 Months Ended

Dec. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity

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 (loss). The following is a summary of the components of accumulated other comprehensive loss:

(Dollars in thousands)	Foreign Currency Translation Adjustment			Unrealized (Gain) Loss on Available-for-Sale Security			Employee Benefit Plans			Total
Balances at December 31, 2011	$	(1,776	)	$	(226	)	$	(436,434	)	$	(438,436	)
Other comprehensive income (loss) before reclassifications	481			226			(30,470		)	(29,763		)
Amounts reclassified from accumulated other comprehensive loss	—			—			11,738			11,738
Balances at December 31, 2012	(1,295		)	—			(455,166		)	(456,461		)
Other comprehensive income before reclassifications	871			—			173,369			174,240
Amounts reclassified from accumulated other comprehensive loss	—			—			12,690			12,690
Balances at December 31, 2013	(424		)	—			(269,107		)	(269,531		)
Other comprehensive loss before reclassifications	(2,731		)	—			(96,329		)	(99,060		)
Amounts reclassified from accumulated other comprehensive loss	—			—			14,182			14,182
Balances at December 31, 2014	$	(3,155	)	$	—		$	(351,254	)	$	(354,409	)

See Note 9, "Employee Benefit Plans" for additional information concerning Con-way's employee benefit plans, including amounts reported for net periodic benefit expense (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 December 31, 2014, Con-way repurchased a total of 355,000 shares at a cost of $16.8 million. Of the shares repurchased during 2014, $1.0 million settled in the first quarter of 2015.

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. Each quarterly dividend payment is subject to review and approval by Con-way's Board of Directors.