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Shareholders' Equity (Tables)
9 Months Ended
Sep. 30, 2019
Equity [Abstract]  
Schedule of cash dividends declared per common share
Cash dividends declared and paid per common share for the three and nine months ended September 30, 2019 and 2018, were as follows: 
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
 
2019
 
2018
 
2019
 
2018
Cash dividends declared and paid per common share
 
$
0.61

 
$
0.60

 
$
1.83

 
$
1.80


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,
 
2019
 
2018
 
2019
 
2018
Weighted average number of common shares outstanding
61,143
 
61,927

 
61,064
 
62,630

Director Plan and deferred stock units
212
 
181

 
205
 
175

ESOP
125
 
99

 
125
 
89

Common shares outstanding—basic
61,480
 
62,207

 
61,394
 
62,894

Dilutive effect of Omnibus Plan
785
 
1,339

 
758
 
1,656

Common and potential common shares outstanding—diluted
62,265
 
63,546

 
62,152
 
64,550


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

 
(2,711
)
 
187

 
(2,524
)
Reclassification to retained earnings

 

 
(668
)
 
(668
)
Change in fair value
(13,189
)
 
(4,237
)
 

 
(17,426
)
Balance as of September 30, 2019
$
(73,693
)
 
$
(6,525
)
 
$
(3,373
)
 
$
(83,591
)

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 nine months ended September 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 September 30,
 
Nine months ended September 30,
 
2019
 
2018
 
2019
 
2018
Foreign currency contracts
Other expense, net
 
$
458

 
$
4,587

 
$
2,591

 
$
6,681

Foreign currency contracts
Cost of sales
 
266

 
(62
)
 
552

 
460

Interest rate contracts
Interest expense
 
(327
)
 

 
(432
)
 

Retirement plan activity
Operating expenses
 
(61
)
 
(66
)
 
(187
)
 
(196
)
Total
 
 
$
336

 
$
4,459

 
$
2,524

 
$
6,945