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Consolidated Changes in Equity
$ in Thousands
USD ($)
shares
Total
USD ($)
Capital stock
USD ($)
shares
Contributed surplus
USD ($)
Accumulated other comprehensive income, Total
USD ($)
Accumulated other comprehensive loss, Cumulative translation adjustment account
USD ($)
Accumulated other comprehensive loss, Reserve for cash flow hedge
USD ($)
Deficit
USD ($)
Non-controlling interest
USD ($)
Beginning balance, equity (in shares) at Dec. 31, 2014 | shares     60,435,826            
Beginning balance, equity at Dec. 31, 2014   $ 227,500 $ 357,840 $ 24,493 $ (8,113) $ (8,113) $ 0 $ (146,720)  
Transactions with owners                  
Exercise of stock options (Note 15) (in shares) | shares 712,500   712,500            
Exercise of stock options (Note 15)   1,559 $ 1,559            
Change in excess tax benefit on exercised share-based awards (Note 5)   0 2,088 (2,088)          
Change in excess tax benefit on outstanding share-based awards (Note 5)   (1,502)   (1,502)          
Share-based compensation (Note 15)   3,359   3,359          
Share-based compensation expense credited to capital on options exercised (Note 15)   0 $ 746 (746)          
Deferred Share Units settlement, net of required minimum tax withholding (Note 15) (in shares) | shares     6,397            
Deferred Share Units settlement, net of required minimum tax withholding (Note 15)   (153) $ 65 (218)          
Repurchases of common shares (Note 15) (in shares) | shares     (2,487,188)            
Repurchases of common shares (Note 15)   (29,984) $ (14,973)         (15,011)  
Dividends on common shares (Note 15)   (29,743)           (29,743)  
Increase (decrease) in transactions with owners (in shares) | shares     (1,768,291)            
Increase (decrease) in transactions with owners   (56,464) $ (10,515) (1,195)       (44,754)  
Net earnings (loss) $ 56,672 56,672           56,672  
Other comprehensive income (loss)                  
Change in fair value of interest rate swap agreements designated as cash flow hedges (Note 21) (272) [1] (272) [2]     (272) [2]   (272) [2]    
Remeasurement of defined benefit liability (Note 17) 1,586 [3] 1,586 [4]           1,586 [4]  
Change in cumulative translation adjustments (12,294) (12,294)     (12,294) (12,294)      
Other comprehensive loss   (10,980)     (12,566) (12,294) (272) 1,586  
Other comprehensive income (loss) (10,980)                
Comprehensive income for the year 45,692 45,692     (12,566) (12,294) (272) 58,258  
Comprehensive income for the year 45,692                
Ending balance, equity (in shares) at Dec. 31, 2015 | shares     58,667,535            
Ending balance, equity at Dec. 31, 2015   216,728 $ 347,325 23,298 (20,679) (20,407) (272) (133,216)  
Ending balance, equity at Dec. 31, 2015 $ 216,728 216,728 $ 347,325 23,298 (20,679) (20,407) (272) (133,216) $ 0
Transactions with owners                  
Exercise of stock options (Note 15) (in shares) | shares 540,000   540,000            
Exercise of stock options (Note 15) $ 1,452 1,452 $ 1,452            
Change in excess tax benefit on exercised share-based awards (Note 5) 0 0 2,693 (2,693)          
Change in excess tax benefit on outstanding share-based awards (Note 5) 4,302 4,302   4,302          
Share-based compensation (Note 15) 5,273 5,273   5,273          
Share-based compensation expense credited to capital on options exercised (Note 15) $ 0 0 $ 595 (595)          
Deferred Share Units settlement, net of required minimum tax withholding (Note 15)       0          
Repurchases of common shares (Note 15) (in shares) | shares (147,200)   (147,200)            
Repurchases of common shares (Note 15) $ (1,697) (1,697) $ (862)         (835)  
Dividends on common shares (Note 15) (31,694) (31,694)           (31,694)  
Increase (decrease) in transactions with owners (in shares) | shares     392,800            
Increase (decrease) in transactions with owners (22,364) (22,364) $ 3,878 6,287       (32,529)  
Net earnings (loss) 51,137 51,120           51,120 17
Other comprehensive income (loss)                  
Change in fair value of interest rate swap agreements designated as cash flow hedges (Note 21) [5] 136 [1] 136     136   136    
Remeasurement of defined benefit liability (Note 17) [6] 201 [3] 201           201  
Change in cumulative translation adjustments 789 896     896 896     (107)
Other comprehensive income (loss) 1,126 1,233     1,032 896 136 201 (107)
Comprehensive income for the year 52,353                
Comprehensive income for the year 52,263 52,353     1,032 896 136 51,321 (90)
Recognition of non-controlling interest put options arising from the Powerband Acquisition (Note 21) [7] (10,181) (10,181)           (10,181)  
Non-controlling interest arising from the Powerband Acquisition (Note 16) $ 6,497               6,497
Ending balance, equity (in shares) at Dec. 31, 2016 | shares 59,060,335   59,060,335            
Ending balance, equity at Dec. 31, 2016 $ 236,536                
Ending balance, equity at Dec. 31, 2016 $ 242,943 236,536 $ 351,203 29,585 (19,647) (19,511) (136) (124,605) 6,407
Beginning balance, equity (in shares) at Sep. 15, 2016 | shares 58,621,585                
Ending balance, equity (in shares) at Dec. 31, 2016 | shares 59,060,335   59,060,335            
Ending balance, equity at Dec. 31, 2016 $ 236,536                
Ending balance, equity at Dec. 31, 2016 $ 242,943 236,536 $ 351,203 29,585 (19,647) (19,511) (136) (124,605) 6,407
Transactions with owners                  
Exercise of stock options (Note 15) (in shares) | shares 226,875   226,875            
Exercise of stock options (Note 15) $ 1,362 1,362 $ 1,362            
Change in excess tax benefit on exercised share-based awards (Note 5) 0 0 597 (597)          
Change in excess tax benefit on outstanding share-based awards (Note 5) (3,135) (3,135)   (3,135)          
Share-based compensation (Note 15) (12,011) (12,011)   (7,828)       (4,183) [8]  
Share-based compensation expense credited to capital on options exercised (Note 15) $ 0 0 $ 495 (495)          
Deferred Share Units settlement, net of required minimum tax withholding (Note 15)       0          
Repurchases of common shares (Note 15) (in shares) | shares (487,300)   (487,300)            
Repurchases of common shares (Note 15) $ (7,451) (7,451) $ (2,898)         (4,553)  
Dividends on common shares (Note 15) (33,030) (33,030)           (33,030)  
Increase (decrease) in transactions with owners (in shares) | shares     (260,425)            
Increase (decrease) in transactions with owners (54,265) (54,265) $ (444) (12,055)       (41,766)  
Net earnings (loss) 63,958 64,224           64,224 (266)
Other comprehensive income (loss)                  
Change in fair value of interest rate swap agreements designated as cash flow hedges (Note 21) [9] 1,608 [1] 1,608     1,608   1,608    
Remeasurement of defined benefit liability (Note 17) [10] 89 [3] 89           89  
Deferred tax benefit (expense) due to enactment of US tax reform legislation (Note 5) (598) (598)     116   116 (714)  
Change in cumulative translation adjustments 4,734 4,454     4,454 4,454     280
Other comprehensive income (loss) 5,833 5,553     6,178 4,454 1,724 (625) 280
Comprehensive income for the year 69,777                
Comprehensive income for the year 69,791 69,777     6,178 4,454 1,724 63,599 14
Derecognition of non-controlling interest put options arising from the Powerband Acquisition (Note 21) 8,810 8,810           8,810  
Recognition of the call option redemption liability arising from the Powerband Acquisition (Note 21) (12,725) (12,725)           (12,725)  
Non-controlling interest arising from investment in Capstone (Note 16) [11] (15)               (15)
Capital transactions with non-controlling shareholders of Capstone (Note 16) $ 153               153
Ending balance, equity (in shares) at Dec. 31, 2017 | shares 58,799,910   58,799,910            
Ending balance, equity at Dec. 31, 2017 $ 248,133                
Ending balance, equity at Dec. 31, 2017 $ 254,722 $ 248,133 $ 350,759 $ 17,530 $ (13,469) $ (15,057) $ 1,588 $ (106,687) $ 6,589
[1] Presented net of deferred income tax expense (benefit) of $750 in 2017, $83 in 2016 and ($166) in 2015.
[2] Presented net of deferred income tax benefit of $166 for the year ended December 31, 2015.
[3] Presented net of deferred income tax expense of $213 in 2017, $66 in 2016, and $964 in 2015.
[4] Presented net of deferred income tax expense of $964 for the year ended December 31, 2015.
[5] Presented net of deferred income tax expense of $83 for the year ended December 31, 2016.
[6] Presented net of deferred income tax expense of $66 for the year ended December 31, 2016.
[7] "Powerband Acquisition" refers to the acquisition by the Company of 74% of Powerband Industries Private Limited (doing business as "Powerband") on September 16, 2016. Refer to Note 16 for additional information on Powerband.
[8] Presented net of income tax benefit of $1,620 for the year ended December 31, 2017.
[9] Presented net of deferred income tax expense of $750 for the year ended December 31, 2017.
[10] Presented net of deferred income tax expense of $213 for the year ended December 31, 2017.
[11] Refers to the purchase by the Company of shares in Capstone Polyweave Private Limited, a newly-formed enterprise in India (d/b/a "Capstone"), on June 23, 2017. Refer to Note 16 for additional information.