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Shareholders' equity (Tables)
 6 Months Ended
Jul. 02, 2017
Equity [Abstract]  
Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding
The following table provides a reconciliation of basic to diluted weighted average number of common shares outstanding:
 
Three Months Ended
 
Six Months Ended
 
July 2, 2017
 
June 26, 2016
 
July 2, 2017
 
June 26, 2016
 
(Shares in thousands)
Basic
44,996

 
43,549

 
44,945

 
42,598

Dilutive effect of share-based awards
866

 
566

 
843

 
543

Dilutive effect of 3.875% Convertible Notes and warrants (1)
956

 
3,131

 
928

 
4,873

Diluted
46,818

 
47,246

 
46,716

 
48,014


(1)
The reduction in the dilutive effect of the Convertible Notes and warrants during the three and six months ended July 2, 2017 as compared to three and six months ended June 26, 2016 is due principally to the Company’s repurchase of Convertible Notes and conversions by holders of the Convertible Notes during and subsequent to the three month period ended June 26, 2016.
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 July 2, 2017 and June 26, 2016:
 
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, 2016
$
(2,424
)
 
$
(136,596
)
 
$
(299,697
)
 
$
(438,717
)
Other comprehensive income (loss) before reclassifications
2,684

 
(669
)
 
112,667

 
114,682

Amounts reclassified from accumulated other comprehensive income
2,477

 
2,263

 
—

 
4,740

Net current-period other comprehensive income
5,161

 
1,594

 
112,667

 
119,422

Balance as of July 2, 2017
$
2,737

 
$
(135,002
)
 
$
(187,030
)
 
$
(319,295
)
 
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, 2015
$
(2,491
)
 
$
(138,887
)
 
$
(229,746
)
 
$
(371,124
)
Other comprehensive (loss) before reclassifications
(1,684
)
 
375

 
11,285

 
9,976

Amounts reclassified from accumulated other comprehensive loss
2,668

 
2,109

 
—

 
4,777

Net current-period other comprehensive income
984

 
2,484

 
11,285

 
14,753

Balance at June 26, 2016
$
(1,507
)
 
$
(136,403
)
 
$
(218,461
)
 
$
(356,371
)
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 July 2, 2017 and June 26, 2016:
 
Three Months Ended
 
Six Months Ended
 
July 2, 2017
 
June 26, 2016
 
July 2, 2017
 
June 26, 2016
 
(Dollars in thousands)
Losses on foreign exchange contracts:
 
 
 
 
 
 
 
Cost of goods sold
$
1,303

 
$
1,501

 
$
2,948

 
$
3,372

Total before tax
1,303

 
1,501

 
2,948

 
3,372

Tax benefit
(204
)
 
(363
)
 
(471
)
 
(704
)
Net of tax
$
1,099

 
$
1,138

 
$
2,477

 
$
2,668

Amortization of pension and other postretirement benefit items:
Actuarial losses (1)
$
1,727

 
$
1,620

 
$
3,453

 
$
3,242

Prior-service costs(1)
30

 
14

 
59

 
28

Total before tax
1,757

 
1,634

 
3,512

 
3,270

Tax benefit
(625
)
 
(581
)
 
(1,249
)
 
(1,161
)
Net of tax
$
1,132

 
$
1,053

 
$
2,263

 
$
2,109

 
 
 
 
 
 
 
 
Total reclassifications, net of tax
$
2,231

 
$
2,191

 
$
4,740

 
$
4,777

(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 12 for additional information).