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Condensed Consolidated Statement of Comprehensive Income (Loss) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Net sales $ 268,145,000 $ 283,776,000 $ 800,734,000 $ 859,073,000
Cost of products sold 194,703,000 206,137,000 585,837,000 627,052,000
Gross Profit 73,442,000 77,639,000 214,897,000 232,021,000
Selling, general and administrative expenses 77,705,000 77,463,000 229,261,000 240,388,000
Gain on sale of business (7,386,000) (24,000) (7,386,000) (24,000)
Charges related to restructuring activities 508,000 11,000 1,299,000 940,000
Operating Income (Loss) 2,615,000 189,000 (8,277,000) (9,283,000)
Loss (gain) on Convertible Debt Derivatives (1,192,000) 0 (2,282,000) 0
Interest expense 4,481,000 1,021,000 11,228,000 3,160,000
Interest income (79,000) (42,000) (207,000) (122,000)
Loss from Continuing Operations Before Income Taxes (595,000) (790,000) (17,016,000) (12,321,000)
Income tax provision 4,425,000 7,000,000 8,200,000 11,200,000
Net loss from Continuing Operations (5,020,000) (7,790,000) (25,216,000) (23,521,000)
Gain on Sale of Discontinued Operations (net of tax of $140 for 2015) 0 0 0 260,000
Total Net Earnings from Discontinued Operations 0 0 0 260,000
Net Loss $ (5,020,000) $ (7,790,000) $ (25,216,000) $ (23,261,000)
Dividends Declared per Common Share $ 0.0125 $ 0.0125 $ 0.0375 $ 0.0375
Net Earnings (Loss) per Share—Basic        
Net Loss from Continuing Operations (in dollars per share) (0.15) (0.24) (0.78) (0.73)
Net Earnings from Discontinued Operations (in dollars per share) 0.00 0.00 0.00 0.01
Net Loss per Share—Basic $ (0.15) $ (0.24) $ (0.78) $ (0.72)
Weighted Average Shares Outstanding—Basic 32,465 32,175 32,484 32,144
Net Earnings (Loss) per Share—Assuming Dilution        
Net Loss from Continuing Operations (in dollars per share) [1] $ (0.15) $ (0.24) $ (0.78) $ (0.73)
Net Earnings from Discontinued Operations (in dollars per share) 0.00 0.00 0.00 0.01
Net Loss per Share—Assuming Dilution [1] $ (0.15) $ (0.24) $ (0.78) $ (0.72)
Weighted Average Shares Outstanding—Assuming Dilution 32,610 32,715 32,589 32,655
Other comprehensive income (loss):        
Foreign currency translation adjustments $ (3,408,000) $ 4,518,000 $ 17,668,000 $ (55,542,000)
Defined Benefit Plans:        
Amortization of prior service costs and unrecognized gains (333,000) (66,000) (529,000) 747,000
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax 0 0 0 (784,000)
Deferred tax adjustment resulting from defined benefit plan activity 87,000 24,000 60,000 13,000
Valuation reserve associated with defined benefit plan activity (87,000) (24,000) (60,000) (13,000)
Current period unrealized gain (loss) on cash flow hedges 159,000 (630,000) (1,235,000) 404,000
Deferred tax benefit (loss) related to unrealized gain (loss) on cash flow hedges (29,000) 78,000 60,000 (7,000)
Other Comprehensive Income (Loss) (3,611,000) 3,900,000 15,964,000 (55,182,000)
Comprehensive Loss $ (8,631,000) $ (3,890,000) $ (9,252,000) $ (78,443,000)
[1] Net loss per common share assuming dilution calculated utilizing weighted average shares outstanding-basic for the periods in which there was a net loss.