Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2014

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Schedule of cash dividends declared per common share

Cash dividends declared per common share for the three and nine months ended September 30, 2014 and 2013, were as follows:

	Three months ended September 30,				Nine months ended September 30,
	2014		2013		2014		2013
Cash dividends declared and paid per common share	$	0.48	$	0.42	$	1.44	$	1.26

Schedule of reconciliation of weighted average number of shares

A reconciliation of these amounts is as follows (in thousands):

	Three months ended September 30,		Nine months ended September 30,
	2014	2013	2014	2013
Weighted average number of common shares outstanding	65,988	68,910	65,771	68,600
Director Plan and deferred stock units	201	196	204	257
ESOP	72	73	76	89
Common shares outstanding—basic	66,261	69,179	66,051	68,946
Dilutive effect of Option Plans and Omnibus Plan	2,067	2,007	2,074	1,955
Common and potential common shares outstanding—diluted	68,328	71,186	68,125	70,901

Schedule of changes in accumulated other comprehensive income (loss) balances

Changes in the accumulated other comprehensive (loss) income balance is as follows (in thousands):

	Foreign Currency Items			Cash Flow Hedging Derivatives			Accumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2013	$	18,582		$	179		$	18,761
Reclassification to the income statement	—			(2,039		)	(2,039		)
Change in fair value	(22,576		)	3,627			(18,949		)
Balance as of September 30, 2014	$	(3,994	)	$	1,767		$	(2,227	)

Schedule of gains and losses, net of tax, reclassified from accumulated other comprehensive income into the income statement for cash flow derivatives designated as hedging instruments

The table below provides data about the amount of gains and losses, net of tax, reclassified from accumulated other comprehensive (loss) income into the income statement for cash flow derivatives designated as hedging instruments for the three and nine months ended September 30, 2014 and 2013 (in thousands):

Derivatives in Cash Flow Hedging Relationships	Location of (Gain) Loss Reclassified from Accumulated OCI into Income	Three months ended September 30,						Nine months ended September 30,
		2014			2013			2014			2013
Foreign currency contracts	Other expense (income), net	$	206		$	(2,241	)	$	(1,891	)	$	(3,352	)
Foreign currency contracts	Cost of sales	(208		)	714			(148		)	1,467
Total		$	(2	)	$	(1,527	)	$	(2,039	)	$	(1,885	)