Changes in shareholders' equity (Tables)

3 Months Ended

Mar. 31, 2013

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
	March 31, 2013		April 1, 2012
	(Shares in thousands)
Basic		41,014		40,769
Dilutive shares assumed issued		2,033		—
Diluted		43,047		40,769

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 three months ended March 31, 2013 and April 1, 2012:

	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		455			(365	)		(26,746	)		(26,656	)
Amounts reclassified from accumulated other comprehensive income (loss)		(275	)		1,455			—			1,180
Net current-period other comprehensive income (loss)		180			1,090			(26,746	)		(25,476	)
Balance at March 31, 2013	$	(201	)	$	(126,167	)	$	(31,156	)	$	(157,524	)

	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, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Other comprehensive income (loss) before reclassifications		693			(139	)		30,605			31,159
Amounts reclassified from accumulated other comprehensive income		1,767			1,117			—			2,884
Net current-period other comprehensive income		2,460			978			30,605			34,043
Balance at April 1, 2012	$	(4,797	)	$	(133,570	)	$	13,057		$	(125,310	)

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 months ended March 31, 2013 and April 1, 2012:

	March 31, 2013			April 1, 2012
	(Dollars in thousands)
Gains and losses on cash flow hedges:
Interest Rate Contracts:
Interest expense	$	—		$	3,751
Foreign Exchange Contracts:
Cost of goods sold		(502	)		(897	)
Total before tax		(502	)		2,854
Tax expense		227			(1,087	)
Net of tax	$	(275	)	$	1,767
Amortization of pension and other postretirement benefits items:
Actuarial losses/(gains)(1)	$	2,146		$	1,711
Prior-service costs(1)		(6	)		(6	)
Transition obligation(1)		1			24
Total before tax		2,141			1,729
Tax expense		(687	)		(612	)
Net of tax	$	1,455		$	1,117
Total reclassifications, net of tax	$	1,180		$	2,884

(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, “Pension and other postretirement benefits” for additional information).