Shareholders' Equity (Text Block)

12 Months Ended

Dec. 31, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders’ Equity

Preferred Stock

We have authorized the issuance of 10 million shares of preferred stock with no par value. In the event of a liquidation, dissolution, or winding up of the affairs of the corporation, whether voluntary or involuntary, the holders of any outstanding preferred stock will be entitled to be paid a preferential amount per share to be determined by our Board of Directors prior to any payment to holders of common stock. There was no preferred stock issued or outstanding at December 31, 2015, 2014, and 2013.

Stock Repurchase Plan

On March 8, 2013, our Board authorized a 12-month repurchase program of up to$50 millionin shares of our common stock. The March 8, 2013 authorization expired on March 7, 2014. From January 1, 2014 through March 7, 2014, we repurchased75,203shares of our common stock, totaling$2.9 million.

On February 7, 2014, our Board authorized a 12-month repurchase program of up to $50 million in shares of our common stock, to begin on March 8, 2014, upon the expiration of the previous stock repurchase program. From March 8, 2014 through December 31, 2014, we repurchased 910,990 shares of our common stock, totaling $36.7 million. From January 1, 2015 through February 2015, we repurchased 335,251 shares of our common stock which fully utilized the remaining $13.3 million authorized under the program.

On February 19, 2015, our Board authorized a new repurchase program of up to $50 million of our common stock over a 12-month period, beginning February 19, 2015. From February 19, 2015 through December 31, 2015, we repurchased 743,444 shares of our common stock, totaling $25.0 million. This program expired on February 19, 2016 with no share repurchases made subsequent to December 31, 2015.

Other Comprehensive Income (Loss)

Other comprehensive income (loss) is reflected as a net increase (decrease) to shareholders’ equity and is not reflected in our results of operations. The changes in the components of accumulated other comprehensive income (loss), net of tax, were as follows:

	Foreign Currency Translation Adjustments			Net Unrealized Gain (Loss) on Derivative Instruments			Net Unrealized Gain (Loss) on Nonderivative Instruments			Pension Plan Benefit Liability Adjustments			Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balances at January 1, 2013	$	(3,722	)	$	(1,689	)	$	(14,380	)	$	(15,002	)	$	(34,793	)
OCI before reclassifications	7,939			2			—			3,738			11,679
Amounts reclassified from AOCI	—			431			—			1,379			1,810
Current period other comprehensive income (loss)	7,939			433			—			5,117			13,489
Balances at December 31, 2013	$	4,217		$	(1,256	)	$	(14,380	)	$	(9,885	)	$	(21,304	)
OCI before reclassifications	(89,297		)	(566		)	—			(25,702		)	(115,565		)
Amounts reclassified from AOCI	—			1,054			—			755			1,809
Current period other comprehensive income (loss)	(89,297		)	488			—			(24,947		)	(113,756		)
Balances at December 31, 2014	$	(85,080	)	$	(768	)	$	(14,380	)	$	(34,832	)	$	(135,060	)
OCI before reclassifications	(73,891		)	76			—			4,570			(69,245		)
Amounts reclassified from AOCI	962			1,010			—			1,726			3,698
Current period other comprehensive income (loss)	(72,929		)	1,086			—			6,296			(65,547		)
Balances at December 31, 2015	$	(158,009	)	$	318		$	(14,380	)	$	(28,536	)	$	(200,607	)

The before-tax amount, income tax (provision) benefit, and net-of-tax amount related to each component of other comprehensive income (loss) during the reporting periods were as follows:

	Year Ended December 31,
	2015			2014			2013
	(in thousands)
Before-tax amount
Foreign currency translation adjustment	$	(74,219	)	$	(89,329	)	$	8,953
Foreign currency translation adjustment reclassified into net income on disposal	962			—			—
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	123			(915		)	(3		)
Net hedging (gain) loss reclassified into net income (loss)	1,639			1,704			697
Pension plan benefits liability adjustment	8,971			(25,270		)	7,344
Total other comprehensive income (loss), before tax	(62,524		)	(113,810		)	16,991
Tax (provision) benefit
Foreign currency translation adjustment	328			32			(1,014		)
Foreign currency translation adjustment reclassified into net income on disposal	—			—			—
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(47		)	349			5
Net hedging (gain) loss reclassified into net income (loss)	(629		)	(650		)	(266		)
Pension plan benefits liability adjustment	(2,675		)	323			(2,227		)
Total other comprehensive income (loss) tax (provision) benefit	(3,023		)	54			(3,502		)
Net-of-tax amount
Foreign currency translation adjustment	(73,891		)	(89,297		)	7,939
Foreign currency translation adjustment reclassified into net income on disposal	962			—			—
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	76			(566		)	2
Net hedging (gain) loss reclassified into net income (loss)	1,010			1,054			431
Pension plan benefits liability adjustment	6,296			(24,947		)	5,117
Total other comprehensive income (loss), net of tax	$	(65,547	)	$	(113,756	)	$	13,489

Details about the AOCI components reclassified to the Consolidated Statements of Operations during the reporting periods are as follows:

	Amount Reclassified from AOCI(1)
	Year Ended December 31,									Affected Line Item in the Income Statement
	2015			2014			2013
	(in thousands)
Amortization of defined benefit pension items
Prior-service costs	$	(59	)	$	(138	)	$	(70	)	(2)
Actuarial losses	(1,979		)	(572		)	(926		)	(2)
Loss on settlement	(375		)	(55		)	(325		)	(2)
Other	(46		)	—			(658		)	(2)
Total, before tax	(2,459		)	(765		)	(1,979		)	Income before income taxes
Tax benefit	733			10			600			Income tax provision
Total, net of tax	(1,726		)	(755		)	(1,379		)	Net income
Total reclassifications for the period, net of tax	$	(1,726	)	$	(755	)	$	(1,379	)	Net income

⁽¹⁾  Amounts in parenthesis indicate debits to the Consolidated Statements of Operations.

⁽²⁾  These AOCI components are included in the computation of net periodic pension cost. Refer to Note 8 for additional details.

Reclassification of amounts related to foreign currency translation adjustment relate to the sale of a small subsidiary and are included in restructuring expense in the Consolidated Statements of Operations for the years ended December 31 2015, 2014, and 2013.

Refer to Note 8 for additional details related to derivative activities that resulted in reclassification of AOCI to the Consolidated Statements of Operations.