Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2016

Disclosure Shareholders Equity [Abstract]

Schedule of share repurchases

The Company has made the following share repurchases (in thousands):

	For the Years Ended December 31,
	2016		2015		2014
Total number of shares repurchased and retired	2,908		2,179		554
Total investment	$	245,816	$	293,616	$	81,812

Schedule of cash dividends declared per common share

Dividends. Quarterly and total year cash dividends declared per common share for the year ended December 31, 2016 and 2015 were as follows:

	For the Years Ended December 31,
	2016		2015
Quarterly dividend declared and paid per common share	$	0.55	$	0.53
Total dividends declared and paid per common share	$	2.20	$	2.12

Schedule of reconciliation of weighted average number of shares

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

	For the Years Ended December 31,
	2016	2015	2014
Weighted average number of common shares outstanding	64,033	65,719	65,904
Director Plan and deferred stock units	162	210	196
ESOP	101	91	75
Common shares outstanding—basic	64,296	66,020	66,175
Dilutive effect of restricted stock awards	150	255	359
Dilutive effect of stock option awards	712	1,209	1,695
Common and potential common shares outstanding—diluted	65,158	67,484	68,229

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

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

	Foreign Currency Items			Cash Flow Hedging Derivatives			Accumulated Other Comprehensive Loss
Balance as of December 31, 2015	$	(64,360	)	$	1,868		$	(62,492	)
Reclassification to the income statement	—			4,643			4,643
Change in fair value	(19,773		)	(6,215		)	(25,988		)
Balance as of December 31, 2016	$	(84,133	)	$	296		$	(83,837	)

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 into the income statement for cash flow derivatives designated as hedging instruments for the year ended December 31, 2016 and 2015 (in thousands):

Derivatives in Cash Flow Hedging Relationships	Location of Gain (Loss) Reclassified from Accumulated OCI into Income	For the Years Ended December 31,
		2016		2015
Foreign currency contracts	Other expense, net	$	1,325	$	(8,399	)
Foreign currency contracts	Cost of sales	3,318		4,549
Total		$	4,643	$	(3,850	)