Equity and Noncontrolling Interest

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Note 19 – Equity and Accumulated Other Comprehensive Loss

The Company has 30,000,000 shares of common stock authorized, with a par value of $1, and 13,300,891 and 13,196,140shares issued as of December 31, 2014 and December 31, 2013, respectively. The change in shares issued and outstanding during 2014 was primarily related to 80,012shares issued for equity based compensation plans, 6,367shares issued for the ESPP and 18,372shares issued for the exercise of stock options and other employee and director related share activity.

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, 2014, no preferred stock had been issued.

The following table shows the reclassifications from and resulting balances of accumulated other comprehensive loss (“AOCI”) for the years ended December 31, 2014, December 31, 2013 and December 31, 2012:

								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, 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 (loss) income 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)
	Other comprehensive (loss) income before reclassifications		(15,464)		(9,232)		0		2,057		(22,639)
	Amounts reclassified from AOCI		0		3,043		0		(2,245)		798
	Related tax amounts		0		2,071		0		64		2,135
Balance at December 31, 2014		$	(14,312)	$	(41,551)	$	0	$	1,457	$	(54,406)

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, 2014, December 31, 2013 and December 31, 2012 were recorded in cost of goods sold and SG&A, respectively. See Note 17 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 that relate to the Company's non-controlling interests consist of currency translation adjustments.