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Changes in shareholders' equity (Tables)
9 Months Ended
Sep. 28, 2014
Equity [Abstract]  
Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding
The following table provides a reconciliation of basic to diluted weighted average shares outstanding:
 
Three Months Ended
 
Nine Months Ended
 
September 28, 2014
 
September 29, 2013
 
September 28, 2014
 
September 29, 2013
 
(Shares in thousands)
Basic
41,399

 
41,132

 
41,347

 
41,087

Dilutive effect of share-based awards
440

 
383

 
441

 
383

Dilutive effect of 3.875% Convertible Notes and warrants
4,789

 
1,749

 
4,468

 
1,776

Diluted
46,628

 
43,264

 
46,256

 
43,246

Change in Accumulated Other Comprehensive Income (Loss)
The following tables provide information relating to the changes in accumulated other comprehensive income (loss), net of tax, for the nine months ended September 28, 2014 and September 29, 2013:
 
 
Cash Flow Hedges
 
Pension and Other Postretirement Benefit Plans
 
Foreign Currency Translation Adjustment
 
Accumulated Other Comprehensive Income (Loss)
 
(Dollars in thousands)
Balance as of December 31, 2013
$

 
$
(97,037
)
 
$
(13,818
)
 
$
(110,855
)
Other comprehensive income (loss) before reclassifications
641

 
131

 
(41,133
)
 
(40,361
)
Amounts reclassified from accumulated other comprehensive income (loss)
(438
)
 
2,205

 

 
1,767

Net current-period other comprehensive income (loss)
203

 
2,336

 
(41,133
)
 
(38,594
)
Balance at September 28, 2014
$
203

 
$
(94,701
)
 
$
(54,951
)
 
$
(149,449
)

 
Cash Flow Hedges
 
Pension and Other Postretirement Benefit Plans
 
Foreign Currency Translation Adjustment
 
Accumulated Other Comprehensive Income (Loss)
 
(Dollars in thousands)
Balance at December 31, 2012
$
(381
)
 
$
(127,257
)
 
$
(4,410
)
 
$
(132,048
)
Other comprehensive income (loss) before reclassifications
(370
)
 
(762
)
 
(9,018
)
 
(10,150
)
Amounts reclassified from accumulated other comprehensive income (loss)
318

 
3,497

 

 
3,815

Net current-period other comprehensive income (loss)
(52
)
 
2,735

 
(9,018
)
 
(6,335
)
Balance at September 29, 2013
$
(433
)
 
$
(124,522
)
 
$
(13,428
)
 
$
(138,383
)
Reclassification of Gain/Losses into Income/Expense, Net of Tax
The following table provides information relating to the reclassifications of losses/(gain) in accumulated other comprehensive income into expense/(income), net of tax, for the three and nine months ended September 28, 2014 and September 29, 2013:
 
 
Three Months Ended
 
Nine Months Ended
 
September 28, 2014
 
September 29, 2013
 
September 28, 2014
 
September 29, 2013
 
(Dollars in thousands)
(Gains) losses on foreign exchange contracts:
 
 
 
 
 
 
 
Cost of goods sold
$
(397
)
 
$
850

 
$
(526
)
 
$
154

Total before tax
(397
)
 
850

 
(526
)
 
154

Tax benefit
49

 
(158
)
 
88

 
164

Net of tax
$
(348
)
 
$
692

 
$
(438
)
 
$
318

Amortization of pension and other postretirement benefit items:
 
 
 
 
 
 
 
Actuarial losses/(gains) (1)
$
1,090

 
$
1,696

 
$
3,295

 
$
5,460

Prior-service costs(1)
(5
)
 
(4
)
 
(16
)
 
(15
)
Transition obligation(1)

 
1

 

 
4

Total before tax
1,085

 
1,693

 
3,279

 
5,449

Tax expense
(378
)
 
(604
)
 
(1,074
)
 
(1,952
)
Net of tax
$
707

 
$
1,089

 
$
2,205

 
$
3,497

 
 
 
 
 
 
 
 
Total reclassifications, net of tax
$
359

 
$
1,781

 
$
1,767

 
$
3,815


(1)
These accumulated other comprehensive income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 12 for additional information).