Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2019

Schedule of cash dividends declared per common share

Cash dividends declared and paid per common share for the three and six months ended June 30, 2019 and 2018, were as follows:



	Three months ended June 30,				Six months ended June 30,
	2019		2018		2019		2018
Cash dividends declared and paid per common share	$	0.61	$	0.60	$	1.22	$	1.20

Schedule of reconciliation of weighted average number of shares

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



	Three months ended June 30,		Six months ended June 30,
	2019	2018	2019	2018
Weighted average number of common shares outstanding	61,089	62,913	61,025	62,982
Director Plan and deferred stock units	209	177	201	171
ESOP	121	82	126	85
Common shares outstanding—basic	61,419	63,172	61,352	63,238
Dilutive effect of Omnibus Plan	745	1,714	744	1,814
Common and potential common shares outstanding—diluted	62,164	64,886	62,096	65,052

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

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



	Foreign Currency Items			Cash Flow Hedging Derivatives			Retirement Plan and Other Activity			Accumulated Other Comprehensive Loss
Balance as of December 31, 2018	$	(60,504	)	$	423		$	(2,892	)	$	(62,973	)
Reclassification to the statement of income	—			(2,313		)	124			(2,189		)
Reclassification to retained earnings	—			—			(668		)	(668		)
Change in fair value	(804		)	(4,186		)	—			(4,990		)
Balance as of June 30, 2019	$	(61,308	)	$	(6,076	)	$	(3,436	)	$	(70,820	)

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 statements of income for cash flow derivatives designated as hedging instruments for the three and six months ended June 30, 2019 and 2018 (in thousands):



Derivatives in Cash Flow Hedging Relationships and Other Activity	Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income	Three months ended June 30,						Six months ended June 30,
		2019			2018			2019			2018
Foreign currency contracts	Other expense, net	$	929		$	1,937		$	2,133		$	2,094
Foreign currency contracts	Cost of sales	231			554			286			522
Interest rate contracts	Interest expense	(74		)	—			(105		)	—
Retirement plan activity	Operating expenses	(64		)	(45		)	(126		)	(130		)
Total		$	1,022		$	2,446		$	2,188		$	2,486