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Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2013
Share Repurchase Program
In 2013, 2012, and 2011, we repurchased the following shares of common stock. In all years, all of the shares purchased were retired. At December 31, 2013, $98.1 million of the $150.0 million authorization by the Board of Directors, remained available for repurchase of the Company's common stock (in thousands, except share and per share amounts).
 
Shares
 
Weighted Average Price Per Share
 
Total
2011
4,824,021

 
$
25.51

 
$
123,077

2012
1,507,659

 
29.96

 
45,162

2013
171,263

 
45.54

 
7,799
Components of Changes in Accumulated Other Comprehensive Income (AOCI)
Changes in AOCI by component follows (dollars in thousands). Amounts in parentheses indicate losses.
 
Foreign Currency Translation Adjustments
 
Unrealized Loss On Treasury Locks, Net
 
Unrealized Loss on Foreign Exchange Contracts
 
Unfunded Employee Benefit Obligations
 
Total
Balance at December 31, 2012
$
—

 
$
(31,651
)
 
$
(392
)
 
$
(81,999
)
 
$
(114,042
)
Other comprehensive income before reclassifications, net of tax
(136
)
 
—

 
—

 
32,264

 
32,128

Amounts reclassified from AOCI, net of tax
—

 
3,460

 
21

 
13,409

 
16,890

Net current-period other comprehensive income
(136
)
 
3,460

 
21

 
45,673

 
49,018

Balance at December 31, 2013
$
(136
)
 
$
(28,191
)
 
$
(371
)
 
$
(36,326
)
 
$
(65,024
)
Reclassifications Out of Accumulated Other Comprehensive Income (AOCI)
The following table presents information about reclassifications out of AOCI (dollars in thousands). Amounts in parentheses indicate expenses in the Consolidated Statement of Income.
 
 
Amounts Reclassified from AOCI
Year Ended December 31
 
 
Details about AOCI Components
 
2013
 
2012
 
Affected Line Item in the Statement Where Net Income is Presented
Unrealized loss on treasury locks, net
 
$
(5,655
)
 
$
(2,988
)
 
See (a) below
 
 
2,195

 
1,167

 
Tax benefit
 
 
$
(3,460
)
 
$
(1,821
)
 
Net of tax
 
 
 
 
 
 
 
Unrealized loss on foreign exchange contracts
 
$
(34
)
 
$
(34
)
 
See (b) below
 
 
13

 
13

 
Tax benefit
 
 
$
(21
)
 
$
(21
)
 
Net of tax
 
 
 
 
 
 
 
Unfunded employee benefit obligations
 
 
 
 
 
 
Amortization of prior service costs
 
$
(16,704
)
 
$
(5,575
)
 
See (c) below
Amortization of actuarial gains / (losses)
 
(5,197
)
 
(5,368
)
 
See (c) below
 
 
(21,901
)
 
(10,943
)
 
Total before tax
 
 
8,492

 
4,254

 
Tax benefit
 
 
$
(13,409
)
 
$
(6,689
)
 
Net of tax
____________
(a)
This AOCI component is included in interest expense, net. See Note 11, Derivative Instruments and Hedging Activities, for additional information.
(b)
This AOCI component is included as depreciation in cost of sales.
(c)
These AOCI components are included in the computation of net pension and postretirement benefit costs. See Note 10, Employee Benefit Plans and Other Postretirement Benefits, for additional information.