Equity and Noncontrolling Interest

12 Months Ended

Dec. 31, 2013

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Note 18 – Equity and Accumulated Other Comprehensive Loss

The Company has 30,000,000 shares of common stock authorized, with a par value of $1, and 13,196,140shares issued as of December 31, 2013.

Holders of record of the Company's common stock for a period of less than 36 consecutive calendar months or less are entitled to one vote per share of common stock. Holders of record of the Company's common stock for a period greater than 36 consecutive calendar months are entitled to 10 votes per share of common stock.

The Company is authorized to issue 10,000,000 shares of preferred stock, $1 par value, subject to approval by the Board of Directors. The Board of Directors may designate one or more series of preferred stock and the number of shares, rights, preferences, and limitations of each series. As of December 31, 2013, no preferred stock had been issued.

The Company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (the “SEC”) in 2009. The registration statement was declared effective on January 29, 2010 and permitted the Company to offer and sell from time to time in one or more public offerings up to $100 million aggregate dollar amount of its securities, including shares of preferred stock (either separately or represented by depositary shares), common stock, debt securities and warrants to purchase the Company's debt or equity securities, as well as units that include any of these securities, on terms, in each case, established at the time of the offering. The registration statement provided the Company with the ability to issue registered debt or equity securities on an accelerated basis.The Company sold 1,265,000 shares of its common stock during the second quarter of 2011. The Company received gross proceeds of $51,233 which were used to repay a portion of the Company's revolving credit line during the second quarter of 2011. The shelf registration expired during 2013.

The following table shows the reclassifications from and resulting balances of accumulated other comprehensive loss (“AOCI”) for the years ended December 31, 2013, December 31, 2012 and December 31, 2011:

								Unrealized
		Currency		Defined		Change in		gain (loss) in
		translation		benefit		fair value of		available-for-
		adjustments		pension plans		derivatives		sale securities		Total
Balance at December 31, 2010		$	13,368	$	(26,448)	$	(667)	$	994	$	(12,753)
	Other comprehensive (loss) income before reclassifications		(8,659)		(12,783)		(52)		1,235		(20,259)
	Amounts reclassified from AOCI		0		1,976		660		(1,444)		1,192
	Related tax amounts		0		2,995		(213)		71		2,853
Balance at December 31, 2011			4,709		(34,260)		(272)		856		(28,967)
	Other comprehensive (loss) income before reclassifications		(1,373)		(20,045)		26		2,181		(19,211)
	Amounts reclassified from AOCI		0		2,875		392		(868)		2,399
	Related tax amounts		0		4,516		(146)		(446)		3,924
Balance at December 31, 2012			3,336		(46,914)		0		1,723		(41,855)
	Other comprehensive income (loss) before reclassifications		(2,184)		9,876		0		2,543		10,235
	Amounts reclassified from AOCI		0		4,177		0		(2,758)		1,419
	Related tax amounts		0		(4,572)		0		73		(4,499)
Balance at December 31, 2013		$	1,152	$	(37,433)	$	0	$	1,581	$	(34,700)

Approximately 30% and 70% of the amounts reclassified from accumulated other comprehensive loss to the Consolidated Statement of Income for defined benefit retirement plans during the years ended December 31, 2013, December 31, 2012 and December 31, 2011 were recorded in cost of goods sold and SG&A, respectively. See Note 16 of Notes to Consolidated Financial Statements for further information. All reclassifications were recorded in interest expense for changes in fair value of derivatives and, also, reclassifications related to unrealized gain (loss) in available-for-sale securities primarily relate to the Company's equity interest in a captive insurance company and, therefore, are recorded in equity in net income of associated companies. The amounts reported on the Consolidated Statement of Changes in Equity in other comprehensive income related to the Company's non-controlling interests consist of currency translation adjustments.