Shareholders' Equity and Accumulated Other Comprehensive Income

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity and Accumulated Other Comprehensive Income

SHAREHOLDERS' EQUITY AND ACCUMULATED OTHER COMPREHENSIVE INCOME

Changes in shareholders’ equity for the three-month fiscal periods ended March 31, 2017, and April 1, 2016, were as follows:

	For the Three Months Ended
	March 31, 2017			April 1, 2016
In thousands
Beginning balance	$	565,787		$	543,077
Comprehensive income	11,281			18,438
Dividends declared	(5,431		)	(4,875		)
Employee stock plans and related tax benefit	1,653			2,339
Purchase of treasury shares	(2,689		)	(4,427		)
Share-based compensation expense	1,381			1,494
Amounts reclassified to temporary equity	553			—
Ending balance	$	572,535		$	556,046

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

	For the Three Months Ended
	March 31, 2017			April 1, 2016
In thousands
Foreign currency translation:
Beginning balance	$	(34,896	)	$	(22,625	)
Net gain/(loss) on foreign currency translation	2,597			7,213
Reclassification to net income	—			—
Other comprehensive income/(loss), net of tax	2,597			7,213
Ending balance	$	(32,299	)	$	(15,412	)
Pension and other post-retirement benefits(a):
Beginning balance	$	(121,448	)	$	(117,455	)
Reclassifications to net income:
Amortization of net loss, net of tax expense of $1,335 and $1,213, respectively	2,209			2,005
Other comprehensive income/(loss), net of tax	2,209			2,005
Ending balance	$	(119,239	)	$	(115,450	)
Derivative instruments(b):
Beginning balance	$	(49	)	$	(58	)
Net loss on derivative instruments, net of tax expense (benefit) of $73 and ($437), respectively	121			(722		)
Reclassification to net income, net of tax expense of $37 and $100, respectively	63			165
Other comprehensive income/(loss), net of tax	184			(557		)
Ending balance	$	135		$	(615	)
Total accumulated other comprehensive income (loss)	$	(151,403	)	$	(131,477	)

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

(See Note 9, Pension Plans for additional information.)

^(b)See Note 5, Derivative Financial Instruments, for additional information regarding our derivative instruments.