Shareholders' Equity (Notes)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Shareholders' Equity

Shareholders' Equity

We maintain an affiliated employee benefit trust (EBT) to hold shares for future use to satisfy our obligations to deliver shares in connection with awards granted under our long-term incentive plans. At September 30, 2015 and December 31, 2014, the EBT held 1,140,567 and 264,903 shares, respectively. In February 2015, pursuant to authority granted by the Board, we issued 1.1 million Class A ordinary shares, $0.125 par value per share, in a noncash transaction and immediately transferred them to the EBT. Shares held by the Company's EBT are not eligible to vote or to receive dividends and are classified as treasury shares in the condensed consolidated balance sheet.

Pursuant to authority previously granted, our Board of Directors may increase our share capital through the issuance of additional shares, up to an aggregate 150,000,000 shares (at current nominal value of $0.125 per share) without obtaining further shareholder approval. This authority expires in May 2017 unless reapproved by shareholders.

On January 29, May 1, and July 30, 2015, the Board of Directors approved quarterly cash dividends of $0.10 per Class A ordinary share, which were paid on March 3, May 26, and August 25, 2015, to shareholders of record at the close of business on February 9, May 12, and August 11, 2015, respectively.

On October 29, 2015, the Board of Directors approved a quarterly cash dividend of $0.10 per Class A ordinary share, payable on November 23, 2015, to shareholders of record at the close of business on November 9, 2015.

Accumulated Other Comprehensive Loss – The following table sets forth the significant amounts reclassified out of each component of accumulated other comprehensive loss and their effect on net income for the period. The amounts reclassified are included in the computation of net periodic pension costs (see Note 3– Pension and Other Postretirement Benefits). Amounts in parentheses are charges against income (in thousands):

	Three months ended September 30,						Nine months ended September 30,
	2015			2014			2015			2014
Amounts recognized as a component of net periodic pension and other postretirement benefit cost:
Amortization of net loss	$	(6,450	)	$	(4,909	)	$	(19,138	)	$	(14,570	)
Amortization of prior service credit	1,140			1,142			3,381			3,390
Total before income taxes	(5,310		)	(3,767		)	(15,757		)	(11,180		)
Income tax benefit	1,854			1,314			5,502			3,899
Total reclassifications for the period, net of income taxes	$	(3,456	)	$	(2,453	)	$	(10,255	)	$	(7,281	)