Changes in Equity and Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2013

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



	Nine Months Ended September 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	(49,819		)	—			(49,819		)	(45,998		)	—			(45,998		)
Reacquisition on open market	—			—			—			(49,991		)	—			(49,991		)
Exercise of stock options, net of shares reacquired	24,107			—			24,107			7,958			—			7,958
Stock compensation expense	16,299			—			16,299			12,860			—			12,860
Excess tax benefit from stock based compensation	5,787			—			5,787			3,233			—			3,233
Net income	169,796			1,043			170,839			171,349			501			171,850
Other comprehensive income (loss)	14,956			(69		)	14,887			11,201			(417		)	10,784
Comprehensive income	184,752			974			185,726			182,550			84			182,634
Balance, end of period	$	1,099,509		$	9,967		$	1,109,476		$	924,165		$	8,587		$	932,752

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	—			8,084		8,084
	Amounts reclassified from accumulated other comprehensive income	6,872			—		6,872
Net current-period other comprehensive income		6,872			8,084		14,956
Balance as of September 30, 2013		$	(190,934	)	$	77,813	$	(113,121	)

* Net of tax benefit of $86,283 and $89,540 for September 30, 2013 and December 31, 2012, respectively.