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SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2014
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS’ EQUITY

On April 24, 2014, our board of directors authorized a new share repurchase program for up to 8 million shares of common stock that will terminate in three years for any of the remaining shares not yet repurchased. This authorization replaced the July 2011 share repurchase program.  For the nine months ended September 30, 2014 and 2013, 1.7 million and 1.2 million shares were purchased and retired at a cost of $44.7 million and $28.8 million, respectively.  As of September 30, 2014, we had purchased a total of 1.1 million shares under the April 2014 program, and 6.9 million shares remained authorized to be purchased.

We issued 0.4 million shares representing stock options exercised for both the nine months ended September 30, 2014 and 2013 with a total value of $8.6 million and $7.6 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, 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
)
Third quarter
0.4

 
3.0

 
—

 
3.4

Reclassification adjustments into income:
 
 
 
 
 
 
 
First quarter
—

 
(1.0
)
 
5.2

 
4.2

Second quarter
—

 
—

 
5.2

 
5.2

Third quarter
—

 
1.1

 
4.9

 
6.0

Balance at September 30, 2013
$
0.3

 
$
(0.6
)
 
$
(362.8
)
 
$
(363.1
)
Balance at January 1, 2014
$
(0.5
)
 
$
0.9

 
$
(365.5
)
 
$
(365.1
)
Unrealized gains (losses):
 
 
 
 
 
 
 
First quarter
0.7

 
(3.5
)
 
—

 
(2.8
)
Second quarter
0.3

 
4.1

 
—

 
4.4

Third quarter
(1.5
)
 
(2.0
)
 
—

 
(3.5
)
Reclassification adjustments into income:
 
 
 
 
 
 
 
First quarter
—

 
0.4

 
4.0

 
4.4

Second quarter
—

 
(1.3
)
 
4.0

 
2.7

Third quarter
—

 
—

 
3.5

 
3.5

Balance at September 30, 2014
$
(1.0
)
 
$
(1.4
)
 
$
(354.0
)
 
$
(356.4
)


Net income and cost of goods sold included reclassification adjustments for realized gains and losses on derivative contracts from accumulated other comprehensive loss. Unrealized gains and losses on derivative contracts (net of taxes) activity in accumulated other comprehensive loss included deferred tax (benefits) provisions of $(1.3) million and $2.6 million for the three months ended September 30, 2014 and 2013, respectively, and $(1.5) million and $(3.4) million for the nine months ended September 30, 2014 and 2013, respectively.  

Net income, cost of goods sold and selling and administrative expenses included the amortization of prior service costs and actuarial losses from accumulated other comprehensive loss. This amortization is recognized equally in 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 $2.0 million and $3.2 million for the three months ended September 30, 2014 and 2013, respectively, and $7.3 million and $9.7 million for the nine months ended September 30, 2014 and 2013, respectively.