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Condensed Consolidated Statement of Comprehensive Income (Loss) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net Sales $ 223,419,000 $ 237,060,000
Cost of products sold 161,964,000 170,543,000
Gross Profit 61,455,000 66,517,000
Selling, general and administrative expenses 65,241,000 71,264,000
Charges related to restructuring activities 692,000 401,000
Operating Income (Loss) (4,478,000) (5,148,000)
Loss (gain) on Convertible Debt Derivatives 273,000 (103,000)
Interest expense 7,314,000 6,962,000
Interest income (129,000) (249,000)
Loss Before Income Taxes (11,936,000) (11,758,000)
Income tax provision 1,950,000 2,350,000
Net Loss $ (13,886,000) $ (14,108,000)
Dividends Declared per Common Share $ 0.0125 $ 0.0125
Net Earnings (Loss) per Share—Basic    
Net Loss per Share—Basic $ (0.42) $ (0.43)
Weighted Average Shares Outstanding—Basic 33,304 32,911
Net Earnings (Loss) per Share—Assuming Dilution    
Net Loss per Share—Assuming Dilution [1] $ (0.42) $ (0.43)
Weighted Average Shares Outstanding—Assuming Dilution 33,317 33,799
Other comprehensive income (loss):    
Foreign currency translation adjustments $ 5,102,000 $ 11,816,000
Defined Benefit Plans:    
Amortization of prior service costs and unrecognized gains (loss) 26,000 (47,000)
Deferred tax adjustment resulting from defined benefit plan activity (6,000) (82,000)
Valuation reserve associated with defined benefit plan activity 6,000 82,000
Current period loss on cash flow hedges (509,000) (247,000)
Deferred tax benefit related to loss on cash flow hedges 21,000 110,000
Other Comprehensive Income 4,640,000 11,632,000
Comprehensive Loss $ (9,246,000) $ (2,476,000)
Net Sales, as a Percent of Net Sales 100.00% 100.00%
Cost of Products Sold, as a Percent of Net Sales 72.50% 71.90%
Gross Profit, as a Percent of Net Sales 27.50% 28.10%
Selling, general and administrative expenses, as a Percent of Net Sales 29.20% 30.10%
Charges related to restructuring activities, as a Percent of Net Sales 0.30% 0.20%
Operating Gain (Loss), as a Percent of Net Sales (2.00%) (2.20%)
Net loss (gain) on convertible debt derivatives, as a Percent of Net Sales 0.10% 0.00%
Interest expense, as a Percent of Net Sales 3.30% 2.90%
Interest income, as a Percent of Net Sales (0.10%) (0.10%)
Gain (loss) Before Income Taxes, as a Percent of Net Sales (5.30%) (5.00%)
Income Tax Provision, as a Percent of Net Sales 0.90% 1.00%
Net Gain (Loss), as a percent of Net Sales (6.20%) (6.00%)
[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.