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Stockholders Equity
6 Months Ended
Jun. 30, 2015
Equity [Abstract]  
Stockholders Equity
Stockholders' Equity

Stock Repurchase Program: On November 12, 2013, the Company's Board of Directors approved a stock repurchase program (the "2013 Stock Repurchase Program") providing for the purchase of up to $60 million of the Company's Class A Common Stock outstanding through December 31, 2015. The timing and amount of any repurchases under the 2013 Stock Repurchase Program are determined at the discretion of the Company's management based on a number of factors, including the availability of capital, other capital allocation alternatives and market conditions for the Company's Class A Common Stock. The 2013 Stock Repurchase Program does not require the Company to acquire any specific number of shares. It may be modified, suspended, extended or terminated by the Company at any time without prior notice and may be executed through open market purchases, privately negotiated transactions or otherwise. All or part of the repurchases under the 2013 Stock Repurchase Program may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so under applicable securities laws.

During the three months ended June 30, 2015 and June 30, 2014, the Company repurchased 170,960 and 175,359 shares of Class A Common Stock for an aggregate purchase price of $9.1 million and $9.3 million under the 2013 Stock Repurchase Program at a weighted average purchase price of $53.22 and $52.82 per share, respectively. During the six months ended June 30, 2015 and June 30, 2014, the Company repurchased 292,723 and 266,337 shares of Class A Common Stock for an aggregate purchase price of $16.0 million and $14.2 million under the 2013 Stock Repurchase Program at a weighted average purchase price of $54.69 and $53.49 per share.


Amounts Reclassified out of Accumulated Other Comprehensive Income (Loss): The following table summarizes the amounts reclassified out of Accumulated other comprehensive income (loss) ("AOCI") and recognized in the Unaudited Condensed Consolidated Statements of Operations:

 
 
Amount Reclassified from AOCI
 
 
 
THREE MONTHS ENDED
 
SIX MONTHS ENDED
 
 
 
June 30
 
June 30
 
Details about AOCI Components
 
2015
 
2014
 
2015
 
2014
Location of (gain) loss reclassified from AOCI into income (loss)
(Gain) loss on cash flow hedging
 
 
 
 
 
 
 
 
 
Foreign exchange contracts
 
$
(235
)
 
$
(114
)
 
$
(320
)
 
$
(202
)
Cost of sales
Interest rate contracts
 
362

 
378

 
731

 
742

Interest expense
 
 
127

 
264

 
411

 
540

Total before income tax benefit
 
 
(38
)
 
(91
)
 
(137
)
 
(187
)
Income tax benefit
 
 
$
89

 
$
173

 
$
274

 
$
353

Net of tax
 
 
 
 
 
 
 
 
 
 
Pension and postretirement plan
 
 
 
 
 
 
 
 
 
Actuarial loss
 
$
276

 
$
209

 
$
657

 
$
469

(a) 
Prior-service credit
 
(15
)
 
(17
)
 
(29
)
 
(36
)
(a) 
 
 
261

 
192

 
628

 
433

Total before income tax benefit
 
 
(95
)
 
(77
)
 
(203
)
 
(160
)
Income tax benefit
 
 
$
166

 
$
115

 
$
425

 
$
273

Net of tax
 
 
 
 
 
 
 
 
 
 
Total reclassifications for the period
 
$
255

 
$
288

 
$
699

 
$
626

Net of tax

(a) These AOCI components are included in the computation of pension and postretirement health care (income) expense. See Note 10 for further discussion.