Changes in Equity and Comprehensive Income (Tables)

6 Months Ended

Jun. 30, 2013

A summary of the changes in equity for the six months ended June 30, 2013 and 2012 is provided below:



	Six Months Ended June 30,
	2013									2012
(in thousands)	Total Shareholders’ Equity			Noncontrolling Interests			Total Equity			Total Shareholders’ Equity			Noncontrolling Interests			Total Equity
Balance, beginning of period	$	918,383		$	8,993		$	927,376		$	813,553		$	8,503		$	822,056
Dividends	(32,379		)	—			(32,379		)	(30,075		)	—			(30,075		)
Reacquisition on open market	—			—			—			(29,991		)	—			(29,991		)
Exercise of stock options, net of shares reacquired	20,030			—			20,030			7,729			—			7,729
Stock compensation expense	10,386			—			10,386			8,458			—			8,458
Excess tax benefit from stock based compensation	4,922			—			4,922			3,278			—			3,278
Net income	112,665			691			113,356			114,224			319			114,543
Other comprehensive income (loss)	(17,602		)	(144		)	(17,746		)	8,566			(61		)	8,505
Comprehensive income	95,063			547			95,610			122,790			258			123,048
Balance, end of period	$	1,016,405		$	9,540		$	1,025,945		$	895,742		$	8,761		$	904,503

Classification Of Accumulated Other Comprehensive Income Reflected On Consolidated Balance Sheets

The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), as reflected on the Condensed Consolidated Balance Sheets.



	(in thousands)	Defined Benefit Pension and Other Postretirement Items*			Currency Translation Adjustment			Total

Balance as of December 31, 2012		$	(197,806	)	$	69,729		$	(128,077	)
	Other comprehensive income before reclassifications	—			(22,184		)	(22,184		)
	Amounts reclassified from accumulated other comprehensive income	4,582			—			4,582
Net current-period other comprehensive income (loss)		4,582			(22,184		)	(17,602		)
Balance as of June 30, 2013		$	(193,224	)	$	47,545		$	(145,679	)

* Net of tax benefit of $87,368 and $89,540 for June 30, 2013 and December 31, 2012, respectively.