Changes in shareholders' equity (Tables)

6 Months Ended

Jun. 30, 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				Six Months Ended
	June 30, 2013		July 1, 2012		June 30, 2013		July 1, 2012
	(Shares in thousands)
Basic		41,115		40,834		41,064		40,801
Dilutive effect of share based awards		374		221		384		—
Dilutive effect of 3.875% Convertible Notes and warrants		1,940		21		1,790		—
Diluted		43,429		41,076		43,238		40,801

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 six months ended June 30, 2013 and July 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		362			(452	)		(32,654	)		(32,744	)
Amounts reclassified from accumulated other comprehensive income (loss)		(374	)		2,408			—			2,034
Net current-period other comprehensive income (loss)		(12	)		1,956			(32,654	)		(30,710	)
Balance at June 30, 2013	$	(393	)	$	(125,301	)	$	(37,064	)	$	(162,758	)

	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		157			33			(35,544	)		(35,354	)
Amounts reclassified from accumulated other comprehensive income		4,149			2,303			—			6,452
Net current-period other comprehensive income		4,306			2,336			(35,544	)		(28,902	)
Balance at July 1, 2012	$	(2,951	)	$	(132,212	)	$	(53,092	)	$	(188,255	)

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 six months ended June 30, 2013 and July 1, 2012:

	Three Months Ended						Six Months Ended
	June  30, 2013			July 1, 2012			June  30, 2013			July 1, 2012
	(Dollars in thousands)
Gains and losses on cash flow hedges:
Interest Rate Contracts:
Interest expense	$	—		$	3,643		$	—		$	7,394
Foreign Exchange Contracts:
Cost of goods sold		(194	)		130			(696	)		(767	)
Total before tax		(194	)		3,773			(696	)		6,627
Tax expense		95			(1,391	)		322			(2,478	)
Net of tax	$	(99	)	$	2,382		$	(374	)	$	4,149
Amortization of pension and other postretirement benefits items:
Actuarial losses/(gains)(1)	$	1,618		$	1,708		$	3,764		$	3,418
Prior-service costs(1)		(6	)		(6	)		(11	)		(12	)
Transition obligation(1)		1			23			2			49
Settlement charge(1)		—			111			—			111
Total before tax		1,613			1,836			3,755			3,566
Tax expense		(660	)		(651	)		(1,347	)		(1,263	)
Net of tax	$	953		$	1,185		$	2,408		$	2,303
Total reclassifications, net of tax	$	854		$	3,567		$	2,034		$	6,452

(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).