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Changes in shareholders' equity (Tables)
9 Months Ended
Sep. 27, 2015
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 27, 2015
 
September 28, 2014
 
September 27, 2015
 
September 28, 2014
 
(Shares in thousands)
Basic
41,597

 
41,399

 
41,542

 
41,347

Dilutive effect of share-based awards
511

 
440

 
483

 
441

Dilutive effect of 3.875% Convertible Notes and warrants
6,424

 
4,789

 
5,944

 
4,468

Diluted
48,532

 
46,628

 
47,969

 
46,256

Change in Accumulated Other Comprehensive Income (Loss)
The following tables provide information relating to the changes in accumulated other comprehensive loss, net of tax, for the nine months ended September 27, 2015 and September 28, 2014:
 
 
Cash Flow Hedges
 
Pension and Other Postretirement Benefit Plans
 
Foreign Currency Translation Adjustment
 
Accumulated Other Comprehensive (Loss) Income
 
(Dollars in thousands)
Balance as of December 31, 2014
$

 
$
(141,744
)
 
$
(119,151
)
 
$
(260,895
)
Other comprehensive income (loss) before reclassifications
(2,599
)
 
465

 
(91,137
)
 
(93,271
)
Amounts reclassified from accumulated other comprehensive (loss) income
1,110

 
3,157

 

 
4,267

Net current-period other comprehensive (loss) income
(1,489
)
 
3,622

 
(91,137
)
 
(89,004
)
Balance at September 27, 2015
$
(1,489
)
 
$
(138,122
)
 
$
(210,288
)
 
$
(349,899
)

 
Cash Flow Hedges
 
Pension and Other Postretirement Benefit Plans
 
Foreign Currency Translation Adjustment
 
Accumulated Other Comprehensive (Loss) Income
 
(Dollars in thousands)
Balance at December 31, 2013
$

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

 
131

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

 

 
1,767

Net current-period other comprehensive (loss) income
203

 
2,336

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

 
$
(94,701
)
 
$
(54,951
)
 
$
(149,449
)
Reclassification of Gain/Losses into Income/Expense, Net of Tax
The following table provides information relating to the reclassifications of losses/(gains) in accumulated other comprehensive (loss) income into expense/(income), net of tax, for the three and nine months ended September 27, 2015 and September 28, 2014:
 
 
Three Months Ended
 
Nine Months Ended
 
September 27, 2015
 
September 28, 2014
 
September 27, 2015
 
September 28, 2014
 
(Dollars in thousands)
Losses (gains) on foreign exchange contracts:
 
 
 
 
 
 
 
Cost of goods sold
$
1,168

 
$
(397
)
 
$
1,431

 
$
(526
)
Total before tax
1,168

 
(397
)
 
1,431

 
(526
)
Tax benefit
(221
)
 
49

 
(321
)
 
88

Net of tax
$
947

 
$
(348
)
 
$
1,110

 
$
(438
)
Amortization of pension and other postretirement benefit items:
 
 
 
 
 
 
 
Actuarial losses (1)
$
1,571

 
$
1,090

 
$
4,782

 
$
3,295

Prior-service costs(1)

 
(5
)
 

 
(16
)
Total before tax
1,571

 
1,085

 
4,782

 
3,279

Tax expense
(551
)
 
(378
)
 
(1,625
)
 
(1,074
)
Net of tax
$
1,020

 
$
707

 
$
3,157

 
$
2,205

 
 
 
 
 
 
 
 
Total reclassifications, net of tax
$
1,967

 
$
359

 
$
4,267

 
$
1,767


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