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SHAREHOLDERS' EQUITY
6 Months Ended
Jun. 30, 2013
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS’ EQUITY

On July 21, 2011, our board of directors authorized a share repurchase program of up to 5 million shares of common stock that will terminate in three years for any of the remaining shares not yet repurchased.  For the six months ended June 30, 2013 and 2012, 0.6 million and 0.2 million shares were purchased and retired under this program at a cost of $14.7 million and $3.1 million, respectively.  As of June 30, 2013, we had purchased a total of 1.0 million shares under this program and 4.0 million shares remained authorized to be purchased.

We issued 0.3 million and less than 0.1 million shares representing stock options exercised for the six months ended June 30, 2013 and 2012, respectively, with a total value of $6.8 million and $0.5 million, respectively.

The following table represents the activity included in accumulated other comprehensive loss:
 
Foreign
Currency
Translation
Adjustment
 
Unrealized
Gains (Losses)
on Derivative
Contracts
(net of taxes)
 
Pension and
Postretirement
Benefits
(net of taxes)
 
Accumulated
Other Comprehensive
Loss
 
($ in millions)
Balance at January 1, 2012
$
1.8

 
$
(5.3
)
 
$
(290.7
)
 
$
(294.2
)
Unrealized gains (losses):
 
 
 
 
 
 
 
First quarter
0.3

 
2.6

 

 
2.9

Second quarter
(0.8
)
 
(4.1
)
 

 
(4.9
)
Reclassification adjustments into income:
 
 
 
 
 
 
 
First quarter

 
1.7

 
3.2

 
4.9

Second quarter

 
1.1

 
4.3

 
5.4

Balance at June 30, 2012
$
1.3

 
$
(4.0
)
 
$
(283.2
)
 
$
(285.9
)
Balance at January 1, 2013
$
2.1

 
$
4.7

 
$
(378.1
)
 
$
(371.3
)
Unrealized gains (losses)
 
 
 
 
 
 
 
First quarter
0.1

 
(4.1
)
 

 
(4.0
)
Second quarter
(2.3
)
 
(4.3
)
 

 
(6.6
)
Reclassification adjustments into income
 
 
 
 
 
 
 
First quarter

 
(1.0
)
 
5.2

 
4.2

Second quarter

 

 
5.2

 
5.2

Balance at June 30, 2013
$
(0.1
)
 
$
(4.7
)
 
$
(367.7
)
 
$
(372.5
)


Unrealized gains and losses on derivative contracts (net of taxes) activity in accumulated other comprehensive loss included reclassification adjustments into net income of gains and losses on commodity forward contracts and are recognized into cost of goods sold. Unrealized gains and losses on derivative contracts (net of taxes) activity in accumulated other comprehensive loss included deferred tax benefits of $2.6 million and $1.7 million for the three months ended June 30, 2013 and 2012, respectively.  Unrealized gains and losses on derivative contracts (net of taxes) activity in accumulated other comprehensive loss included deferred tax (benefit) provision of $(6.0) million and $0.9 million for the six months ended June 30, 2013 and 2012, respectively.  

Pension and postretirement benefits (net of taxes) activity in accumulated other comprehensive loss included the amortization of prior service costs and actuarial losses into net income and are recognized equally into cost of goods sold and selling and administrative expenses. Pension and postretirement benefits (net of taxes) activity in accumulated other comprehensive loss included deferred tax provisions of $3.2 million and $2.6 million for the three months ended June 30, 2013 and 2012, respectively, and $6.5 million and $4.6 million for the six months ended June 30, 2013 and 2012, respectively.