Equity and Noncontrolling Interest

6 Months Ended

Jun. 30, 2018

Stockholders Equity Note Disclosure [Text Block]

Note 15 – Equity

The following tables present the changes in equity, net of tax, for the three and six months ended June 30, 2018 and 2017:

									Accumulated
					Capital in				Other
			Common		Excess of		Retained		Comprehensive		Noncontrolling
			Stock		Par Value		Earnings		Loss		Interest		Total
Balance at March 31, 2018			$	13,323	$	93,731	$	373,185	$	(58,738)	$	1,262	$	422,763
	Net income			—		—		19,246		—		124		19,370
	Amounts reported in other comprehensive
		loss		—		—		—		(15,613)		(171)		(15,784)
	Dividends ($0.37 per share)			—		—		(4,933)		—		—		(4,933)
	Share issuance and equity-based
		compensation plans		8		1,253		—		—		—		1,261
Balance at June 30, 2018			$	13,331	$	94,984	$	387,498	$	(74,351)	$	1,215	$	422,677

Balance at March 31, 2017			$	13,291	$	112,838	$	366,819	$	(81,961)	$	10,988	$	421,975
	Net income			—		—		11,906		—		435		12,341
	Amounts reported in other comprehensive
		income		—		—		—		9,023		51		9,074
	Dividends ($0.355 per share)			—		—		(4,724)		—		—		(4,724)
	Share issuance and equity-based
		compensation plans		19		909		—		—		—		928
Balance at June 30, 2017			$	13,310	$	113,747	$	374,001	$	(72,938)	$	11,474	$	439,594

									Accumulated
					Capital in				Other
			Common		Excess of		Retained		Comprehensive		Noncontrolling
			Stock		Par Value		Earnings		Loss		Interest		Total
Balance at December 31, 2017			$	13,308	$	93,528	$	365,182	$	(65,100)	$	1,946	$	408,864
	Net income			—		—		31,978		—		179		32,157
	Amounts reported in other comprehensive
		loss		—		—		—		(9,251)		(76)		(9,327)
	Dividends ($0.725 per share)			—		—		(9,662)		—		—		(9,662)
	Distributions to noncontrolling affiliate			—		—		—		—		(834)		(834)
	Share issuance and equity-based
		compensation plans		23		1,456		—		—		—		1,479
Balance at June 30, 2018			$	13,331	$	94,984	$	387,498	$	(74,351)	$	1,215	$	422,677

Balance at December 31, 2016			$	13,278	$	112,475	$	364,414	$	(87,407)	$	9,846	$	412,606
	Net income			—		—		18,898		—		1,057		19,955
	Amounts reported in other comprehensive
		income		—		—		—		14,469		571		15,040
	Dividends ($0.70 per share)			—		—		(9,311)		—		—		(9,311)
	Share issuance and equity-based
		compensation plans		32		1,272		—		—		—		1,304
Balance at June 30, 2017			$	13,310	$	113,747	$	374,001	$	(72,938)	$	11,474	$	439,594

The following tables show the reclassifications from and resulting balances of AOCI for the three and six months ended June 30, 2018 and 2017:

							Unrealized
			Currency		Defined		Gain (Loss) in
			Translation		Benefit		Available-for-
			Adjustments		Pension Plans		Sale Securities		Total
Balance at March 31, 2018			$	(25,129)	$	(34,009)	$	400	$	(58,738)
	Other comprehensive (loss) income before
		reclassifications		(16,940)		1,161		(895)		(16,674)
	Amounts reclassified from AOCI			—		779		681		1,460
	Current period other comprehensive (loss) income			(16,940)		1,940		(214)		(15,214)
	Related tax amounts			—		(444)		45		(399)
	Net current period other comprehensive (loss) income			(16,940)		1,496		(169)		(15,613)
Balance at June 30, 2018			$	(42,069)	$	(32,513)	$	231	$	(74,351)

Balance at March 31, 2017			$	(47,327)	$	(35,850)	$	1,216	$	(81,961)
	Other comprehensive income before
		reclassifications		7,265		268		225		7,758
	Amounts reclassified from AOCI			—		2,650		(275)		2,375
	Current period other comprehensive income (loss)			7,265		2,918		(50)		10,133
	Related tax amounts			—		(1,127)		17		(1,110)
	Net current period other comprehensive income (loss)			7,265		1,791		(33)		9,023
Balance at June 30, 2017			$	(40,062)	$	(34,059)	$	1,183	$	(72,938)

							Unrealized
			Currency		Defined		Gain (Loss) in
			Translation		Benefit		Available-for-
			Adjustments		Pension Plans		Sale Securities		Total
Balance at December 31, 2017			$	(31,893)	$	(34,093)	$	886	$	(65,100)
	Other comprehensive (loss) income before
		reclassifications		(10,176)		464		(1,338)		(11,050)
	Amounts reclassified from AOCI			—		1,562		509		2,071
	Current period other comprehensive (loss) income			(10,176)		2,026		(829)		(8,979)
	Related tax amounts			—		(446)		174		(272)
	Net current period other comprehensive (loss) income			(10,176)		1,580		(655)		(9,251)
Balance at June 30, 2018			$	(42,069)	$	(32,513)	$	231	$	(74,351)

Balance at December 31, 2016			$	(52,255)	$	(36,168)	$	1,016	$	(87,407)
	Other comprehensive income (loss) before
		reclassifications		12,193		(73)		890		13,010
	Amounts reclassified from AOCI			—		3,500		(635)		2,865
	Current period other comprehensive income			12,193		3,427		255		15,875
	Related tax amounts			—		(1,318)		(88)		(1,406)
	Net current period other comprehensive income			12,193		2,109		167		14,469
Balance at June 30, 2017			$	(40,062)	$	(34,059)	$	1,183	$	(72,938)

Approximately 75% and 25% of the amounts reclassified from AOCI to the Condensed Consolidated Statements of Income for defined benefit retirement plans during the three and six months ended June 30, 2018 and 2017 were recorded in SG&A and COGS, respectively. See Note 8 of Notes to Condensed Consolidated Financial Statements for further information. All reclassifications related to unrealized gain (loss) in available-for-sale securities relate to the Company’s equity interest in a captive insurance company and are recorded in equity in net income of associated companies. The amounts reported in other comprehensive income for non-controlling interest are related to currency translation adjustments.