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Changes in shareholders' equity (Tables)
6 Months Ended
Jun. 26, 2016
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
 
Six Months Ended
 
June 26, 2016
 
June 28, 2015
 
June 26, 2016
 
June 28, 2015
 
(Shares in thousands)
Basic
43,549

 
41,560

 
42,598

 
41,514

Dilutive effect of share-based awards
566

 
473

 
543

 
470

Dilutive effect of 3.875% Convertible Notes and warrants
3,131

 
6,048

 
4,873

 
5,704

Diluted
47,246

 
48,081

 
48,014

 
47,688

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 six months ended June 26, 2016 and June 28, 2015:
 
 
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, 2015
$
(2,491
)
 
$
(138,887
)
 
$
(229,746
)
 
$
(371,124
)
Other comprehensive income (loss) before reclassifications
(1,684
)
 
375

 
11,285

 
9,976

Amounts reclassified from accumulated other comprehensive income
2,668

 
2,109

 

 
4,777

Net current-period other comprehensive income
984

 
2,484

 
11,285

 
14,753

Balance as of June 26, 2016
$
(1,507
)
 
$
(136,403
)
 
$
(218,461
)
 
$
(356,371
)

 
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, 2014
$

 
$
(141,744
)
 
$
(119,151
)
 
$
(260,895
)
Other comprehensive (loss) before reclassifications
(922
)
 
300

 
(61,893
)
 
(62,515
)
Amounts reclassified from accumulated other comprehensive loss
163

 
2,137

 

 
2,300

Net current-period other comprehensive (loss) income
(759
)
 
2,437

 
(61,893
)
 
(60,215
)
Balance at June 28, 2015
$
(759
)
 
$
(139,307
)
 
$
(181,044
)
 
$
(321,110
)
Reclassification of Gain/Losses into Income/Expense, Net of Tax
The following table provides information relating to the location in the statements of operations and amount of reclassifications of losses/(gains) in accumulated other comprehensive (loss) income into expense/(income), net of tax, for the three and six months ended June 26, 2016 and June 28, 2015:
 
 
Three Months Ended
 
Six Months Ended
 
June 26, 2016
 
June 28, 2015
 
June 26, 2016
 
June 28, 2015
 
(Dollars in thousands)
Losses on foreign exchange contracts:
 
 
 
 
 
 
 
Cost of goods sold
$
1,501

 
$
472

 
$
3,372

 
$
263

Total before tax
1,501

 
472

 
3,372

 
263

Tax (benefit) expense
(363
)
 
(110
)
 
(704
)
 
(100
)
Net of tax
$
1,138

 
$
362

 
$
2,668

 
$
163

Amortization of pension and other postretirement benefit items:
 
 
 
 
 
 
 
Actuarial losses (1)
$
1,620

 
$
1,605

 
$
3,242

 
$
3,211

Prior-service costs(1)
14

 

 
28

 

Total before tax
1,634

 
1,605

 
3,270

 
3,211

Tax (benefit) expense
(581
)
 
(564
)
 
(1,161
)
 
(1,074
)
Net of tax
$
1,053

 
$
1,041

 
$
2,109

 
$
2,137

 
 
 
 
 
 
 
 
Total reclassifications, net of tax
$
2,191

 
$
1,403

 
$
4,777

 
$
2,300


(1)
These accumulated other comprehensive (loss) income components are included in the computation of net benefit expense for pension and other postretirement benefit plans (see Note 11 for additional information).