Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Disclosure Shareholders Equity [Abstract]

Schedule of share repurchases

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

	For the Years Ended December 31,
	2019		2018		2017
Total number of shares repurchased and retired	95		3,184		1,028
Total investment	$	8,378	$	348,663	$	90,461

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, 2019, 2018, and 2017 were as follows: 

	For the Years Ended December 31,
	2019		2018		2017
Quarterly dividend declared and paid per common share	$	0.61	$	0.60	$	0.58
Total dividends declared and paid per common share	$	2.44	$	2.40	$	2.32

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,
	2019	2018	2017
Weighted average number of common shares outstanding	61,109	62,236	62,668
Director Plan and deferred stock units	207	177	157
ESOP	121	100	91
Common shares outstanding—basic	61,437	62,513	62,916
Dilutive effect of restricted stock awards	581	679	384
Dilutive effect of stock option awards	274	757	880
Common and potential common shares outstanding—diluted	62,292	63,949	64,180

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 Translation			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 income statement	—			(3,219		)	250			(2,969		)
Reclassification to retained earnings	—			—			(668		)	(668		)
Change in fair value	(2,792		)	(3,318		)	—			(6,110		)
Balance as of December 31, 2019	$	(63,296	)	$	(6,114	)	$	(3,310	)	$	(72,720	)

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 and for actuarial losses related to retirement benefit plans the years ended December 31, 2019 and 2018 (in thousands): 

Derivatives in Cash Flow Hedging Relationships and Other Activity	Location of Gain (Loss) Reclassified from Accumulated OCI into Income	For the Years Ended December 31,
		2019			2018
Foreign currency contracts	Other expense, net	$	3,198		$	9,378
Foreign currency contracts	Cost of sales	920			686
Interest rate contracts	Interest expense	(899		)	(158		)
Retirement plan activity	Operating expenses	(250		)	(261		)
Total		$	2,969		$	9,645