Equity and Noncontrolling Interest

9 Months Ended

Sep. 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 nine months ended September 30, 2018 and 2017:

									Accumulated
					Capital in				Other
			Common		Excess of		Retained		Comprehensive		Noncontrolling
			Stock		Par Value		Earnings		Loss		Interest		Total
Balance at June 30, 2018			$	13,331	$	94,984	$	387,498	$	(74,351)	$	1,215	$	422,677
	Net income			—		—		19,690		—		81		19,771
	Amounts reported in other comprehensive
		loss		—		—		—		(5,981)		(38)		(6,019)
	Dividends ($0.37 per share)			—		—		(4,933)		—		—		(4,933)
	Share issuance and equity-based
		compensation plans		3		1,137		—		—		—		1,140
Balance at September 30, 2018			$	13,334	$	96,121	$	402,255	$	(80,332)	$	1,258	$	432,636

Balance at June 30, 2017			$	13,310	$	113,747	$	374,001	$	(72,938)	$	11,474	$	439,594
	Net income			—		—		11,142		—		562		11,704
	Amounts reported in other comprehensive
		income (loss)		—		—		—		6,265		(153)		6,112
	Dividends ($0.355 per share)			—		—		(4,722)		—		—		(4,722)
	Share issuance and equity-based
		compensation plans		(11)		(618)		—		—		—		(629)
Balance at September 30, 2017			$	13,299	$	113,129	$	380,421	$	(66,673)	$	11,883	$	452,059

									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			—		—		51,668		—		260		51,928
	Amounts reported in other comprehensive
		loss		—		—		—		(15,232)		(114)		(15,346)
	Dividends ($1.095 per share)			—		—		(14,595)		—		—		(14,595)
	Distributions to noncontrolling affiliate			—		—		—		—		(834)		(834)
	Share issuance and equity-based
		compensation plans		26		2,593		—		—		—		2,619
Balance at September 30, 2018			$	13,334	$	96,121	$	402,255	$	(80,332)	$	1,258	$	432,636

Balance at December 31, 2016			$	13,278	$	112,475	$	364,414	$	(87,407)	$	9,846	$	412,606
	Net income			—		—		30,040		—		1,619		31,659
	Amounts reported in other comprehensive
		income		—		—		—		20,734		418		21,152
	Dividends ($1.055 per share)			—		—		(14,033)		—		—		(14,033)
	Share issuance and equity-based
		compensation plans		21		654		—		—		—		675
Balance at September 30, 2017			$	13,299	$	113,129	$	380,421	$	(66,673)	$	11,883	$	452,059

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

							Unrealized
			Currency		Defined		(Loss) Gain in
			Translation		Benefit		Available-for-
			Adjustments		Pension Plans		Sale Securities		Total
Balance at June 30, 2018			$	(42,069)	$	(32,513)	$	231	$	(74,351)
	Other comprehensive (loss) income before
		reclassifications		(6,821)		99		274		(6,448)
	Amounts reclassified from AOCI			—		756		(69)		687
	Current period other comprehensive (loss) income			(6,821)		855		205		(5,761)
	Related tax amounts			—		(177)		(43)		(220)
	Net current period other comprehensive (loss) income			(6,821)		678		162		(5,981)
Balance at September 30, 2018			$	(48,890)	$	(31,835)	$	393	$	(80,332)

Balance at June 30, 2017			$	(40,062)	$	(34,059)	$	1,183	$	(72,938)
	Other comprehensive income (loss) before
		reclassifications		5,917		(611)		688		5,994
	Amounts reclassified from AOCI			—		784		(254)		530
	Current period other comprehensive income			5,917		173		434		6,524
	Related tax amounts			—		(111)		(148)		(259)
	Net current period other comprehensive income			5,917		62		286		6,265
Balance at September 30, 2017			$	(34,145)	$	(33,997)	$	1,469	$	(66,673)

							Unrealized
			Currency		Defined		(Loss) Gain 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		(16,997)		563		(1,064)		(17,498)
	Amounts reclassified from AOCI			—		2,318		440		2,758
	Current period other comprehensive (loss) income			(16,997)		2,881		(624)		(14,740)
	Related tax amounts			—		(623)		131		(492)
	Net current period other comprehensive (loss) income			(16,997)		2,258		(493)		(15,232)
Balance at September 30, 2018			$	(48,890)	$	(31,835)	$	393	$	(80,332)

Balance at December 31, 2016			$	(52,255)	$	(36,168)	$	1,016	$	(87,407)
	Other comprehensive income (loss) before
		reclassifications		18,110		(684)		1,578		19,004
	Amounts reclassified from AOCI			—		4,284		(889)		3,395
	Current period other comprehensive income			18,110		3,600		689		22,399
	Related tax amounts			—		(1,429)		(236)		(1,665)
	Net current period other comprehensive income			18,110		2,171		453		20,734
Balance at September 30, 2017			$	(34,145)	$	(33,997)	$	1,469	$	(66,673)

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 nine months ended September 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.