XML 50 R39.htm IDEA: XBRL DOCUMENT v3.3.1.900
EQUITY (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Apr. 20, 2016
Dec. 31, 2015
Dec. 31, 2014
Non-controlling interests $ 862     $ 861  
Stockholders' Equity Attributable to Parent $ 891,807     931,587  
Stock Repurchase Program, Number of Shares Authorized to be Repurchased 45,000,000   10,000,000    
Treasury Stock, Shares, Acquired 1,945,405        
Changes in equity          
Balance at the beginning of the period $ 932,448        
Comprehensive income:          
Net income including non-controlling interests 53,624 $ 68,318      
Other comprehensive income 26,703 (51,914)      
Total comprehensive income (loss) 80,327 $ 16,404      
Cash dividends declared - $0.32 per share for the three months ended March 31, 2016 $ (22,145)        
Cash dividends declared per share (in dollars per share) $ 0.32 $ 0.29      
Issuance of shares under benefit plans $ 4,527        
Purchase of shares for treasury (102,488)        
Balance at the end of the period 892,669        
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]          
Accumulated Other Comprehensive Income (Loss), Net of Tax (269,579) $ (339,995)   (296,267) $ (288,622)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 25,913 (54,689)      
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 775 3,316      
Net Current-Period Other Comprehensive Income (Loss), Net of Tax 26,688 (51,373)      
Net sales 550,722 657,900      
Cost of goods sold 361,620 437,510      
Income Tax Expense (Benefit) $ 19,558 24,389      
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased 2,802,516        
Shareholders' Equity          
Comprehensive income:          
Net income including non-controlling interests $ 53,638        
Other comprehensive income 26,688        
Total comprehensive income (loss) 80,326        
Cash dividends declared - $0.32 per share for the three months ended March 31, 2016 (22,145)        
Issuance of shares under benefit plans 4,527        
Purchase of shares for treasury (102,488)        
Noncontrolling Interests          
Comprehensive income:          
Net income including non-controlling interests (14)        
Other comprehensive income 15        
Total comprehensive income (loss) 1        
Cash dividends declared - $0.32 per share for the three months ended March 31, 2016 0        
Issuance of shares under benefit plans 0        
Purchase of shares for treasury 0        
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member]          
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]          
Accumulated Other Comprehensive Income (Loss), Net of Tax 1,384 1,091   548 (9)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 1,699 1,322      
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax (863) [1] (222) [2]      
Net Current-Period Other Comprehensive Income (Loss), Net of Tax 836 1,100      
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income | Sales          
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]          
Net sales (787) (529)      
Income Tax Expense (Benefit) (278) (249)      
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges [Member] | Reclassification out of Accumulated Other Comprehensive Income | Cost of goods sold          
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]          
Cost of goods sold (76) 307      
Income Tax Expense (Benefit) 22 202      
Accumulated Defined Benefit Plans Adjustment [Member]          
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]          
Accumulated Other Comprehensive Income (Loss), Net of Tax (98,158) (194,355)   (99,776) (197,893)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax (20) 0      
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 1,638 [3] 3,538 [4]      
Net Current-Period Other Comprehensive Income (Loss), Net of Tax 1,618 3,538      
Accumulated Defined Benefit Plans Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income          
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]          
Income Tax Expense (Benefit) 911 2,395      
Accumulated Translation Adjustment [Member]          
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]          
Accumulated Other Comprehensive Income (Loss), Net of Tax (172,805) (146,731)   $ (197,039) $ (90,720)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 24,234 [5] (56,011) [6]      
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 0 0      
Net Current-Period Other Comprehensive Income (Loss), Net of Tax 24,234 (56,011)      
Accumulated Translation Adjustment [Member] | Reclassification out of Accumulated Other Comprehensive Income          
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]          
Other Comprehensive (Income) Loss, Net of Tax, Portion Attributable to Noncontrolling Interest $ 15 $ (541)      
[1] During the 2016 period, this AOCI reclassification is a component of Net sales of $(787) (net of tax of $(278)) and Cost of goods sold of $(76) (net of tax of $22); during the 2015 period, the reclassification is a component of Net sales of $(529) (net of tax of $(249)) and Cost of goods sold of $307 (net of tax of $202). (See Note 15 - Derivatives for additional details.)
[2] During the 2016 period, this AOCI reclassification is a component of Net sales of $(787) (net of tax of $(278)) and Cost of goods sold of $(76) (net of tax of $22); during the 2015 period, the reclassification is a component of Net sales of $(529) (net of tax of $(249)) and Cost of goods sold of $307 (net of tax of $202). (See Note 14 - Derivatives for additional details.)
[3] This AOCI component is included in the computation of net periodic pension costs (net of tax of $911 and $2,395 during the three months ended March 31, 2016 and 2015, respectively). (See Note 13 - Retirement and Postretirement Benefit Plans for additional details.)
[4] This AOCI component is included in the computation of net periodic pension costs (net of tax of $911 and $2,395 during the three months ended March 31, 2016 and 2015, respectively). (See Note 12 - Retirement and Postretirement Benefit Plans for additional details.)
[5] The Other comprehensive income (loss) before reclassifications excludes $15 and $(541) attributable to Non-controlling interests in the three months ended March 31, 2016 and 2015, respectively.
[6] The Other comprehensive income (loss) before reclassifications excludes $15 and $(541) attributable to Non-controlling interests in the three months ended March 31, 2016 and 2015, respectively.