Shareholders' Equity and Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Sep. 30, 2016

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity

Changes in shareholders’ equity for the nine-month fiscal periods ended September 30, 2016, and October 2, 2015, were as follows:

	For the Nine Months Ended
	September 30, 2016			October 2, 2015
In thousands
Beginning balance	$	543,077		$	517,665
Comprehensive income	50,453			52,703
Dividends declared	(14,640		)	(14,686		)
Employee stock plans and related tax benefit	7,094			4,024
Purchase of treasury shares	(8,989		)	(8,957		)
Share-based compensation expense	4,711			5,304
Amounts reclassified to temporary equity	(2,344		)	—
Ending balance	$	579,362		$	556,053

Schedule of Accumulated Other Comprehensive Income (Loss)

The components of accumulated other comprehensive income (loss) are shown below:

	For the Three Months Ended
	September 30, 2016			October 2, 2015
In thousands
Foreign currency translation:
Beginning balance	$	(22,590	)	$	(23,512	)
Net gain/(loss) on foreign currency translation	1,050			(1,109		)
Reclassification to net income	—			—
Other comprehensive income/(loss), net of tax	1,050			(1,109		)
Ending balance	$	(21,540	)	$	(24,621	)
Pension and other post-retirement benefits(a):
Beginning balance	$	(113,445	)	$	(102,088	)
Reclassifications to net income:
Amortization of prior service cost, net of tax expense of $0 and $5, respectively	—			9
Amortization of net loss, net of tax expense of $1,213 and $956, respectively	2,005			1,578
Other comprehensive income/(loss), net of tax	2,005			1,587
Ending balance	$	(111,440	)	$	(100,501	)
Derivative instruments(b):
Beginning balance	$	(770	)	$	(162	)
Net loss on derivative instruments, net of tax expense/(benefit) of $118 and ($6), respectively	195			(10		)
Reclassification to net income, net of tax expense of $87 and $44, respectively	143			72
Other comprehensive income/(loss), net of tax	338			62
Ending balance	$	(432	)	$	(100	)
Total accumulated other comprehensive income (loss)	$	(133,412	)	$	(125,222	)

15. SHAREHOLDERS' EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME (CONTINUED)

	For the Nine Months Ended
	September 30, 2016			October 2, 2015
In thousands
Foreign currency translation:
Beginning balance	$	(22,625	)	$	(20,676	)
Net gain/(loss) on foreign currency translation	1,085			(3,945		)
Reclassification to net income	—			—
Other comprehensive income/(loss), net of tax	1,085			(3,945		)
Ending balance	$	(21,540	)	$	(24,621	)
Pension and other post-retirement benefits(a):
Beginning balance	$	(117,455	)	$	(105,264	)
Reclassifications to net income:
Amortization of prior service cost, net of tax expense of $0 and $16, respectively	—			27
Amortization of net loss, net of tax expense of $3,641 and $2,867, respectively	6,015			4,736
Other comprehensive income/(loss), net of tax	6,015			4,763
Ending balance	$	(111,440	)	$	(100,501	)
Derivative instruments(b):
Beginning balance	$	(58	)	$	(321	)
Net loss on derivative instruments, net of tax benefit of $512 and $41, respectively	(845		)	(68		)
Reclassification to net income, net of tax expense of $285 and $175, respectively	471			289
Other comprehensive income/(loss), net of tax	(374		)	221
Ending balance	$	(432	)	$	(100	)
Total accumulated other comprehensive income (loss)	$	(133,412	)	$	(125,222	)

^(a)These accumulated other comprehensive income components are included in the computation of net periodic pension cost.

(See Note 10, Pension Plans for additional information.)

^(b)See Note 6, Derivative Financial Instruments, for additional information regarding our derivative instruments.