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SHAREHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2016
Stockholders' Equity Note [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS’ EQUITY

On April 24, 2014, our board of directors authorized a 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. For the nine months ended September 30, 2016 and 2015, no shares were purchased and retired. As of September 30, 2016, we had purchased a total of 1.9 million shares under the April 2014 program, and 6.1 million shares remained authorized to be purchased. Under the Merger Agreement relating to the Acquisition, we were restricted from repurchasing shares of our common stock prior to the consummation of the Merger. For a period of two years subsequent to the Closing Date of the Merger, we will continue to be subject to certain restrictions on our ability to conduct share repurchases.

We issued less than 0.1 million shares and 0.1 million shares representing stock options exercised for the nine months ended September 30, 2016 and 2015, respectively, with a total value of $0.4 million and $3.1 million, respectively.

The following table represents the activity included in accumulated other comprehensive loss:
 
Foreign
Currency
Translation
Adjustment
(net of taxes)
 
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, 2015
$
(2.3
)
 
$
(4.2
)
 
$
(436.6
)
 
$
(443.1
)
Unrealized (losses) gains:
 
 
 
 
 
 
 
First quarter
(1.4
)
 
(2.4
)
 
—

 
(3.8
)
Second quarter
0.3

 
(2.2
)
 
—

 
(1.9
)
Third quarter
(1.7
)
 
(6.4
)
 
—

 
(8.1
)
Reclassification adjustments into income:
 
 
 
 
 
 
 
First quarter
—

 
1.9

 
8.6

 
10.5

Second quarter
—

 
1.8

 
8.4

 
10.2

Third quarter
—

 
3.0

 
8.0

 
11.0

Tax benefit (provision):
 
 
 
 
 
 
 
First quarter
—

 
0.2

 
(3.5
)
 
(3.3
)
Second quarter
—

 
0.2

 
(3.1
)
 
(2.9
)
Third quarter
—

 
1.3

 
(3.1
)
 
(1.8
)
Net Change
(2.8
)
 
(2.6
)
 
15.3

 
9.9

Balance at September 30, 2015
$
(5.1
)
 
$
(6.8
)
 
$
(421.3
)
 
$
(433.2
)
Balance at January 1, 2016
$
(12.1
)
 
$
(6.9
)
 
$
(473.5
)
 
$
(492.5
)
Unrealized gains (losses):
 
 
 
 
 
 
 
First quarter
24.0

 
1.1

 
—

 
25.1

Second quarter
(14.3
)
 
(4.6
)
 
—

 
(18.9
)
Third quarter
6.6

 
4.2

 
5.1

 
15.9

Reclassification adjustments into income:
 
 
 
 
 
 
 
First quarter
—

 
3.7

 
6.1

 
9.8

Second quarter
—

 
1.7

 
5.9

 
7.6

Third quarter
—

 
—

 
3.3

 
3.3

Tax (provision) benefit:
 
 
 
 
 
 
 
First quarter
(8.5
)
 
(1.8
)
 
(2.3
)
 
(12.6
)
Second quarter
3.5

 
1.1

 
(2.4
)
 
2.2

Third quarter
(2.0
)
 
(1.6
)
 
(3.0
)
 
(6.6
)
Net Change
9.3

 
3.8

 
12.7

 
25.8

Balance at September 30, 2016
$
(2.8
)
 
$
(3.1
)
 
$
(460.8
)
 
$
(466.7
)


Net income (loss) and cost of goods sold included reclassification adjustments for realized gains and losses on derivative contracts from accumulated other comprehensive loss.

Net income (loss), 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.