Shareholders' Equity

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Shareholders' Equity

SHAREHOLDERS’ EQUITY

An analysis of shareholders’ equity for each of the three years ended December 31, 2013 is shown below.

	Common Shares					Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-controlling Interest			Shareholders’ Equity
	Shares		Amount
Balance, December 31, 2010	121,023,140		$	602,882		$	717,058		$	(68,358	)	$	—		$	1,251,582
Net income	—		—			276,005			—			—			276,005
Dividends ($1.52 per share)	—		—			(186,828		)	—			—			(186,828		)
Issuance of shares under incentive stock plans	1,220,731		13,451			—			—			—			13,451
Stock-based compensation	—		16,181			—			—			—			16,181
Excess tax benefit on stock-based compensation	—		5,681			—			—			—			5,681
Repurchase of common shares	(208,694	)	(7,909		)	—			—			—			(7,909		)
Net loss from pension and postretirement plans	—		—			—			(46,263		)	—			(46,263		)
Foreign currency translation adjustment	—		—			—			3,546			—			3,546
Joint venture cash flow hedges	—		—			—			(2,373		)	—			(2,373		)
Balance, December 31, 2011	122,035,177		$	630,286		$	806,235		$	(113,448	)	$	—		$	1,323,073
Net income	—		—			278,685			—			—			278,685
Dividends ($1.68 per share)	—		—			(208,286		)	—			—			(208,286		)
Issuance of shares under incentive stock plans	1,467,024		25,495			—			—			—			25,495
Stock-based compensation	—		15,116			—			—			—			15,116
Excess tax benefit on stock-based compensation	—		7,635			—			—			—			7,635
Repurchase of common shares	(169,757	)	(7,783		)	—			—			—			(7,783		)
Net loss from pension and postretirement plans	—		—			—			(496		)	—			(496		)
Foreign currency translation adjustment	—		—			—			4,352			—			4,352
Joint venture cash flow hedges	—		—			—			213			—			213
Balance, December 31, 2012	123,332,444		$	670,749		$	876,634		$	(109,379	)	$	—		$	1,438,004
Net income	—		—			371,896			—			1,902			373,798
Dividends ($1.86 per share)	—		—			(233,321		)	—			—			(233,321		)
Issuance of shares under incentive stock plans	1,001,426		10,101			—			—			—			10,101
Stock-based compensation	—		11,710			—			—			—			11,710
Excess tax benefit on stock-based compensation	—		8,413			—			—			—			8,413
Repurchase of common shares	(211,221	)	(11,326		)	—			—			—			(11,326		)
Equity portion of convertible debt (Note 13)	—		2,453			—			—			—			2,453
Settlement of warrants (Note 13)	2,135,221		—			—			—			—			—
Net loss from pension and postretirement plans	—		—			—			61,869			—			61,869
Acquisition of noncontrolling interest	—		—			—			—			96,336			96,336
Noncontrolling interest redemption of shares	—		—			—			—			(713		)	(713		)
Foreign currency translation adjustment	—		—			—			(1,915		)	(3,795		)	(5,710		)
Joint venture cash flow hedges	—		—			—			3,286			343			3,629
Balance, December 31, 2013	126,257,870		$	692,100		$	1,015,209		$	(46,139	)	$	94,073		$	1,755,243

The table below summarizes the tax characteristics of the cash dividend paid to shareholders for the three years ended December 31, 2013:

	2013		2012		2011
Capital gain	$	0.72	$	1.68	$	1.52
Qualified	1.14		—		—
Non-taxable return of capital	—		—		—
Total cash dividend per common share	$	1.86	$	1.68	$	1.52