Changes in shareholders' equity (Tables)

9 Months Ended

Sep. 29, 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				Nine Months Ended
	September 29, 2013		September 30, 2012		September 29, 2013		September 30, 2012
	(Shares in thousands)
Basic		41,132		40,890		41,087		40,831
Dilutive effect of share based awards		383		274		383		—
Dilutive effect of 3.875% Convertible Notes and warrants		1,749		347		1,776		—
Diluted		43,264		41,511		43,246		40,831

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 nine months ended September 29, 2013 and September 30, 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		(370	)		(762	)		(9,018	)		(10,150	)
Amounts reclassified from accumulated other comprehensive income (loss)		318			3,497			—			3,815
Net current-period other comprehensive income (loss)		(52	)		2,735			(9,018	)		(6,335	)
Balance at September 29, 2013	$	(433	)	$	(124,522	)	$	(13,428	)	$	(138,383	)

	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		551			(133	)		10,305			10,723
Amounts reclassified from accumulated other comprehensive income		6,461			3,341			—			9,802
Net current-period other comprehensive income		7,012			3,208			10,305			20,525
Balance at September 30, 2012	$	(245	)	$	(131,340	)	$	(7,243	)	$	(138,828	)

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 nine months ended September 29, 2013 and September 30, 2012:

	Three Months Ended						Nine Months Ended
	September 29, 2013			September 30, 2012			September 29, 2013			September 30, 2012
	(Dollars in thousands)
Gains and losses on cash flow hedges:
Interest Rate Contracts:
Interest expense	$	—		$	3,663		$	—		$	11,057
Foreign Exchange Contracts:
Cost of goods sold		850			13			154			(754	)
Total before tax		850			3,676			154			10,303
Tax expense (benefit)		(158	)		(1,364	)		164			(3,842	)
Net of tax	$	692		$	2,312		$	318		$	6,461
Amortization of pension and other postretirement benefits items:
Actuarial losses/(gains)(1)	$	1,696		$	1,707		$	5,460		$	5,125
Prior-service costs(1)		(4	)		(5	)		(15	)		(17	)
Transition obligation(1)		1			25			4			74
Curtailment charge(1)		—			—			—			111
Settlement charge(1)		—			—			—			(124	)
Total before tax		1,693			1,727			5,449			5,169
Tax expense (benefit)		(604	)		(611	)		(1,952	)		(1,828	)
Net of tax	$	1,089		$	1,116		$	3,497		$	3,341
Total reclassifications, net of tax	$	1,781		$	3,428		$	3,815		$	9,802

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