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Equity (Tables)
6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Schedule of share repurchase activity
The Company’s recent share repurchase activity is presented in the following table:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2016
 
2015
 
2016
 
2015
Number of shares repurchased (1)
66,087

 
1,244,010

 
532,910

 
5,328,600

Cash paid for repurchased shares (in thousands) (2)
$
6,480

 
$
117,400

 
$
51,967

 
$
441,442

 

(1) The average purchase price for repurchased shares was $98.03 and $84.00 for the three and six months ended June 30, 2016, respectively, and $84.03 and $82.34 for the three and six months ended June 30, 2015, respectively.

(2) The cash paid for the six months ended June 30, 2016 includes $7.2 million for share repurchases that were executed in late December 2015 and were settled in early January 2016.
Schedule of the changes in AOCI by component (net of tax)
The following tables disclose information about changes in AOCL/I by component and the related amounts reclassified out of AOCL/I to income during the periods indicated (net of tax, in thousands) (1):

For the three months ended June 30, 2016:
 
Interest Rate
Swaps
 
Defined
Benefit
Pension Plans
 
Foreign
Currency
Translation
Adjustments
 
Total
Balance - March 31, 2016
$
(10,212
)
 
$
(4,795
)
 
$
(34,423
)
 
$
(49,430
)
Changes during the period:
 

 
 

 
 

 
 

Change in AOCL/I before reclassifications to income
(3,095
)
 

 
3,335

 
240

Reclassifications from AOCL/I to income during the period (2), (3)
1,149

 
38

 

 
1,187

Other comprehensive income for the period
(1,946
)
 
38

 
3,335

 
1,427

Balance – June 30, 2016
$
(12,158
)
 
$
(4,757
)
 
$
(31,088
)
 
$
(48,003
)

For the three months ended June 30, 2015:
 
Interest Rate
Swaps
 
Defined
Benefit
Pension Plans
 
Foreign
Currency
Translation
Adjustments
 
Total
Balance – March 31, 2015
$
(2,844
)
 
$
(5,975
)
 
$
(33,509
)
 
$
(42,328
)
Changes during the period:
 
 
 
 
 
 
 
Change in AOCL/I before reclassifications to income
(596
)
 

 
6,224

 
5,628

Reclassifications from AOCL/I to income during the period (2), (3)
1,030

 
53

 

 
1,083

Other comprehensive income for the period
434

 
53

 
6,224

 
6,711

Balance – June 30, 2015
$
(2,410
)
 
$
(5,922
)
 
$
(27,285
)
 
$
(35,617
)

For the six months ended June 30, 2016:
 
Interest Rate
Swaps
 
Defined
Benefit
Pension Plans
 
Foreign
Currency
Translation
Adjustments
 
Total
Balance – December 31, 2015
$
(3,079
)
 
$
(4,832
)
 
$
(36,491
)
 
$
(44,402
)
Changes during the period:
 
 
 
 
 
 
 
Change in AOCL/I before reclassifications to income
(11,452
)
 

 
5,403

 
(6,049
)
Reclassifications from AOCL/I to income during the period (2), (3)
2,373

 
75

 

 
2,448

Other comprehensive loss for the period
(9,079
)
 
75

 
5,403

 
(3,601
)
Balance – June 30, 2016
$
(12,158
)
 
$
(4,757
)
 
$
(31,088
)
 
$
(48,003
)













For the six months ended June 30, 2015:

 
Interest Rate
Swaps
 
Defined
Benefit
Pension Plans
 
Foreign
Currency
Translation
Adjustments
 
Total
Balance – December 31, 2014
$
(1,740
)
 
$
(6,028
)
 
$
(13,402
)
 
$
(21,170
)
Changes during the period:
 
 
 
 
 
 
 
Change in AOCL/I before reclassifications to income
(2,453
)
 

 
(13,883
)
 
(16,336
)
Reclassifications from AOCL/I to income during the period (2), (3)
1,783

 
106

 

 
1,889

Other comprehensive loss for the period
(670
)
 
106

 
(13,883
)
 
(14,447
)
Balance – June 30, 2015
$
(2,410
)
 
$
(5,922
)
 
$
(27,285
)
 
$
(35,617
)
 

(1)
Amounts in parentheses represent debits (deferred losses).

(2)
The reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net of tax effect. See Note 9 – Derivatives and Hedging for information regarding the hedges.

(3)
The reclassifications related to defined benefit pension plans were recorded in Selling, general and administrative expense, net of tax effect. See Note 11 – Employee Benefits for information regarding the Company’s defined benefit pension plans.