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Changes in Equity and Comprehensive Income (Tables)
 9 Months Ended
Sep. 30, 2014
Equity [Abstract]  
Summary Of Changes In Equity
A summary of the changes in equity for the nine months ended September 30, 2014 and 2013 is provided below:
 
Nine Months Ended September 30,
 
2014
 
2013
(in thousands)
Total
Shareholders’
Equity
 
Noncontrolling
Interests
 
Total Equity
 
Total
Shareholders’
Equity
 
Noncontrolling
Interests
 
Total Equity
Balance, beginning of period
$
1,204,319

 
$
10,354

 
$
1,214,673

 
$
918,383

 
$
8,993

 
$
927,376

Dividends
(54,759
)
 
—

 
(54,759
)
 
(49,819
)
 
—

 
(49,819
)
Exercise of stock options, net of shares reacquired
8,747

 
—

 
8,747

 
24,107

 
—

 
24,107

Stock compensation expense
15,944

 
—

 
15,944

 
16,299

 
—

 
16,299

Excess tax benefit from stock based compensation
7,869

 
—

 
7,869

 
5,787

 
—

 
5,787

Net income
136,460

 
537

 
136,997

 
169,796

 
1,043

 
170,839

Other comprehensive income (loss)
(57,517
)
 
(124
)
 
(57,641
)
 
14,956

 
(69
)
 
14,887

Comprehensive income
78,943

 
413

 
79,356

 
184,752

 
974

 
185,726

Balance, end of period
$
1,261,063

 
$
10,767

 
$
1,271,830

 
$
1,099,509

 
$
9,967

 
$
1,109,476
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 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, 2013
$
(121,318
)
 
$
72,667

 
$
(48,651
)
 
Other comprehensive income (loss) before reclassifications
—

 
(60,684
)
 
(60,684
)
 
Amounts reclassified from accumulated other comprehensive income
3,167

 
—

 
3,167

Net current-period other comprehensive income (loss)
3,167

 
(60,684
)
 
(57,517
)
Balance as of September 30, 2014
$
(118,151
)
 
$
11,983

 
$
(106,168
)
 
* Net of tax benefit of $53,002 and $53,373 for September 30, 2014 and December 31, 2013, respectively.
Amounts Reclassified out of each Component of AOCI
The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income for the three month periods ended September 30, 2014 and 2013.
Details of Accumulated Other Comprehensive Income Components (in thousands)
 
Amounts Reclassified from Accumulated Other Comprehensive Income
 
Affected Line Item in the Statement of Operations
 
 
Three Months Ended September 30,
 
 
 
 
2014
 
2013
 
 
Amortization of defined benefit pension items:
 
 
 
 
 
 
Prior-service costs
 
$
30

 
$
3

 
$41 and $4 has been recorded within Cost of Sales for the three months ended September 30, 2014 and 2013, respectively, and ($11) and ($1) has been recorded within General & Administrative for the three months ended September 30, 2014 and 2013, respectively
Net gain
 
1,257

 
3,444

 
$1,704 and $4,668 has been recorded within Cost of Sales for the three months ended September 30, 2014 and 2013, respectively, and ($447) and ($1,224) has been recorded within General & Administrative for the three months ended September 30, 2014 and 2013, respectively
Amortization of other postretirement items:
 
 
 
 
 
 
Prior-service costs
 
(58
)
 
(59
)
 
Recorded within Selling, General & Administrative
Net loss
 
(49
)
 
(11
)
 
Recorded within Selling, General & Administrative
 
 
$
1,180

 
$
3,377

 
Total before tax
 
 
325

 
1,087

 
Tax benefit
Total reclassifications for the period
 
$
855

 
$
2,290

 
Net of tax
The table below illustrates the amounts reclassified out of each component of accumulated other comprehensive income for the nine month periods ended September 30, 2014 and 2013.
Details of Accumulated Other Comprehensive Income Components (in thousands)
 
Amounts Reclassified from Accumulated Other Comprehensive Income
 
Affected Line Item in the Statement of Operations
 
 
Nine Months Ended September 30,
 
 
 
 
2014
 
2013
 
 
Amortization of defined benefit pension items:
 
 
 
 
 
 
Prior-service costs
 
$
90

 
$
10

 
$122 and $14 has been recorded within Cost of Sales for the nine months ended September 30, 2014 and 2013, respectively, and ($32) and ($4) has been recorded within General & Administrative for the nine months ended September 30, 2014 and 2013, respectively
Net gain
 
3,771

 
10,330

 
$5,111 and $14,001 has been recorded within Cost of Sales for the nine months ended September 30, 2014 and 2013, respectively, and ($1,340) and ($3,671) has been recorded within General & Administrative for the nine months ended September 30, 2014 and 2013, respectively
Amortization of other postretirement items:
 
 
 
 
 
 
Prior-service costs
 
(173
)
 
(177
)
 
Recorded within Selling, General & Administrative
Net loss
 
(149
)
 
(34
)
 
Recorded within Selling, General & Administrative
 
 
$
3,539

 
$
10,129

 
Total before tax
 
 
372

 
3,257

 
Tax benefit
Total reclassifications for the period
 
$
3,167

 
$
6,872

 
Net of tax