Stockholder's Equity

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Stockholder's Equity

Stockholders' Equity

Stock Repurchase Program: On May 10, 2016, the Company's Board of Directors approved a stock repurchase program (the "2016 Stock Repurchase Program") providing for the purchase of up to $50 million of the Company's Class A Common Stock outstanding through December 31, 2017. The Company’s previous $60 million stock repurchase program, announced in December 2013, was completed in October 2015. The timing and amount of any repurchases under the 2016 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 2016 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 2016 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.

During the three months ended June 30, 2016 and June 30, 2015, the Company repurchased 70,495 and 170,960 shares of Class A Common Stock for an aggregate purchase price of $3.8 million and $9.1 million at a weighted average purchase price of $54.28 and $53.22 per share, respectively. During the six months ended June 30, 2016 and June 30, 2015, the Company repurchased 70,495 and 292,723 shares of Class A Common Stock for an aggregate purchase price of $3.8 million and $16.0 million at a weighted average purchase price of $54.28 and $54.69 per share, respectively.

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	2016			2015			2016			2015			Location of (gain) loss reclassified from AOCI into income (loss)
(Gain) loss on cash flow hedging
Foreign exchange contracts	$	(210	)	$	(235	)	$	(366	)	$	(320	)	Cost of sales
Interest rate contracts	287			362			579			731			Interest expense
	77			127			213			411			Total before income tax benefit
	(44		)	(38		)	(105		)	(137		)	Income tax benefit
	$	33		$	89		$	108		$	274		Net of tax
Pension and postretirement plan
Actuarial loss	$	249		$	276		$	509		$	657		(a)
Prior-service credit	(12		)	(15		)	(24		)	(29		)	(a)
	237			261			485			628			Total before income tax benefit
	(84		)	(95		)	(183		)	(203		)	Income tax benefit
	$	153		$	166		$	302		$	425		Net of tax
Total reclassifications for the period	$	186		$	255		$	410		$	699		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 information.