Stockholders Equity

9 Months Ended

Sep. 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 $60.0 million of the Company's Class A Common Stock outstanding through December 31, 2015. During the three months ended September 30, 2015 and September 30, 2014, the Company repurchased 134,186 and 235,194 shares of Class A Common Stock for an aggregate purchase price of $7.2 million and $12.2 million under the 2013 Stock Repurchase Program at a weighted average purchase price of $53.95 and $51.86 per share, respectively. During the nine months ended September 30, 2015 and September 30, 2014, the Company repurchased 426,909 and 501,531 shares of Class A Common Stock for an aggregate purchase price of $23.2 million and $26.4 million under the 2013 Stock Repurchase Program at a weighted average purchase price of $54.46 and $52.73 per share.

As of October 6, 2015, the Company completed the 2013 Stock Repurchase Program. See Note 13 for further information on the completion of the 2013 Stock Repurchase Program.

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						NINE MONTHS ENDED
	September 30						September 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	$	(240	)	$	8		$	(560	)	$	(194	)	Cost of sales
Interest rate contracts	370			378			1,101			1,120			Interest expense
	130			386			541			926			Total before income tax benefit
	(41		)	(137		)	(178		)	(324		)	Income tax benefit
	$	89		$	249		$	363		$	602		Net of tax
Pension and postretirement plan
Actuarial loss	$	326		$	273		$	983		$	742		(a)
Prior-service credit	(13		)	(18		)	(42		)	(54		)	(a)
	313			255			941			688			Total before income tax benefit
	(97		)	(75		)	(300		)	(235		)	Income tax benefit
	$	216		$	180		$	641		$	453		Net of tax
Total reclassifications for the period	$	305		$	429		$	1,004		$	1,055		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.