Shareholders' Equity (Text Block)

9 Months Ended

Sep. 30, 2016

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 would be entitled to be paid a preferential amount per share to be determined by the Board of Directors prior to any payment to holders of common stock. There was no preferred stock issued or outstanding at September 30, 2016 and December 31, 2015.

Other Comprehensive Income (Loss)

The before-tax amount, income tax (provision) benefit, and net-of-tax amount related to each component of OCI were as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(in thousands)
Before-tax amount
Foreign currency translation adjustment	$	9,128		$	(15,528	)	$	12,856		$	(62,461	)
Foreign currency translation adjustment reclassified into net income on disposal	—			962			(1,407		)	962
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	602			(296		)	(6,039		)	(1,104		)
Net hedging loss reclassified into net income	279			412			845			1,235
Pension benefit obligation adjustment	(1,725		)	877			(2,520		)	1,887
Total other comprehensive income (loss), before tax	8,284			(13,573		)	3,735			(59,481		)
Tax (provision) benefit
Foreign currency translation adjustment	56			325			(539		)	696
Foreign currency translation adjustment reclassified into net income on disposal	—			—			—			—
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(231		)	114			2,330			423
Net hedging loss reclassified into net income	(108		)	(159		)	(326		)	(474		)
Pension benefit obligation adjustment	527			(11		)	713			(24		)
Total other comprehensive income (loss) tax benefit	244			269			2,178			621
Net-of-tax amount
Foreign currency translation adjustment	9,184			(15,203		)	12,317			(61,765		)
Foreign currency translation adjustment reclassified into net income on disposal	—			962			(1,407		)	962
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	371			(182		)	(3,709		)	(681		)
Net hedging loss reclassified into net income	171			253			519			761
Pension benefit obligation adjustment	(1,198		)	866			(1,807		)	1,863
Total other comprehensive income (loss), net of tax	$	8,528		$	(13,304	)	$	5,913		$	(58,860	)

The changes in the components of AOCI, 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 Benefit Obligation Adjustments			Total
	(in thousands)
Balances at January 1, 2015	$	(85,080	)	$	(768	)	$	(14,380	)	$	(34,832	)	$	(135,060	)
OCI before reclassifications	(61,765		)	(681		)	—			(1		)	(62,447		)
Amounts reclassified from AOCI	962			761			—			1,864			3,587
Total other comprehensive income (loss)	(60,803		)	80			—			1,863			(58,860		)
Balances at September 30, 2015	$	(145,883	)	$	(688	)	$	(14,380	)	$	(32,969	)	$	(193,920	)
Balances at January 1, 2016	$	(158,009	)	$	318		$	(14,380	)	$	(28,536	)	$	(200,607	)
OCI before reclassifications	12,317			(3,709		)	—			(713		)	7,895
Amounts reclassified from AOCI	(1,407		)	519			—			(1,094		)	(1,982		)
Total other comprehensive income (loss)	10,910			(3,190		)	—			(1,807		)	5,913
Balances at September 30, 2016	$	(147,099	)	$	(2,872	)	$	(14,380	)	$	(30,343	)	$	(194,694	)

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

	Amount Reclassified from AOCI(1)												Affected Line Item in the Consolidated Statements of Operations
	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
	(in thousands)
Amortization of defined benefit pension items
Prior-service costs	$	16		$	(14	)	$	47		$	(43	)	(2)
Actuarial losses	330			(488		)	991			(1,470		)	(2)
Settlement and Other	498			(375		)	488			(375		)	(2)
Total, before tax	844			(877		)	1,526			(1,888		)	Income before income taxes
Tax benefit (provision)	(272		)	11			(432		)	24			Income tax provision
Total reclassified, net of tax	$	572		$	(866	)	$	1,094		$	(1,864	)	Net income

⁽¹⁾  Amounts in parentheses 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.

Refer to Note 7 for additional details related to derivative activities that resulted in reclassification of AOCI to the Consolidated Statements of Operations.