XML 50 R39.htm IDEA: XBRL DOCUMENT v3.5.0.2
EQUITY (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Jun. 30, 2016
Dec. 31, 2015
Jun. 30, 2015
Dec. 31, 2014
Non-controlling interests $ 788   $ 788     $ 861    
Stockholders' Equity Attributable to Parent $ 752,129   $ 752,129     931,587    
Stock Repurchase Program, Number of Shares Authorized to be Repurchased 55,000,000   55,000,000          
Treasury Stock, Shares, Acquired 1,411,176   5,026,870          
Changes in equity                
Balance at the beginning of the period     $ 932,448          
Comprehensive income:                
Net income including non-controlling interests $ 60,039 $ (60,481) 144,972 $ 78,713        
Other comprehensive income (loss) (1,892) 33,331 7,786 (441)        
Total comprehensive income (loss) $ 58,147 $ (27,150) 152,758 $ 78,272        
Cash dividends declared - $0.96 per share for the nine months ended September 30, 2016     $ (65,043)          
Cash dividends declared per share (in dollars per share) $ 0.32 $ 0.29 $ 0.96 $ 0.87        
Issuance of shares under benefit plans     $ 21,348          
Purchase of shares for treasury     (288,594)          
Balance at the end of the period $ 752,917   752,917          
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]                
Accumulated Other Comprehensive Income (Loss), Net of Tax (288,440) $ (288,473) (288,440) $ (288,473) $ (286,554) (296,267) $ (321,880) $ (288,622)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax (2,854) (47,200) 935 (87,659)        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 968 80,607 6,892 87,808        
Net Current-Period Other Comprehensive Income (Loss), Net of Tax (1,886) 33,407 7,827 149        
Net sales 567,646 645,166 1,710,786 1,967,806        
Cost of goods sold 367,834 446,272 1,118,945 1,322,741        
Income Tax Expense (Benefit) $ 20,257 (28,045) $ 54,264 19,902        
Stock Repurchase Program, Remaining Number of Shares Authorized to be Repurchased 9,721,051   9,721,051          
Shareholders' Equity                
Comprehensive income:                
Net income including non-controlling interests     $ 145,004          
Other comprehensive income (loss)     7,827          
Total comprehensive income (loss)     152,831          
Cash dividends declared - $0.96 per share for the nine months ended September 30, 2016     (65,043)          
Issuance of shares under benefit plans     21,348          
Purchase of shares for treasury     (288,594)          
Noncontrolling Interests                
Comprehensive income:                
Net income including non-controlling interests     (32)          
Other comprehensive income (loss)     (41)          
Total comprehensive income (loss)     (73)          
Cash dividends declared - $0.96 per share for the nine months ended September 30, 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 $ 564 302 564 302 739 548 512 (9)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 170 (51) 1,530 378        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax (345) [1] (159) [1] (1,514) [2] (67) [2]        
Net Current-Period Other Comprehensive Income (Loss), Net of Tax (175) (210) 16 311        
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 (174) (279) (1,113) (800)        
Income Tax Expense (Benefit) (71) (105) (418) (429)        
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 (171) 120 (401) 733        
Income Tax Expense (Benefit) (46) 90 (41) 497        
Accumulated Defined Benefit Plans Adjustment [Member]                
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]                
Accumulated Other Comprehensive Income (Loss), Net of Tax (94,228) (110,018) (94,228) (110,018) (95,541) (99,776) (190,784) (197,893)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax 0 0 (15) 0        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 1,313 [3] 80,766 [3] 5,563 [4] 87,875 [4]        
Net Current-Period Other Comprehensive Income (Loss), Net of Tax 1,313 80,766 5,548 87,875        
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) 778 50,079 2,821 54,449        
Accumulated Translation Adjustment [Member]                
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]                
Accumulated Other Comprehensive Income (Loss), Net of Tax (194,776) (178,757) (194,776) (178,757) $ (191,752) $ (197,039) $ (131,608) $ (90,720)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax (3,024) [5] (47,149) [5] (580) [6] (88,037) [6]        
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax 0 0 2,843 [7] 0        
Net Current-Period Other Comprehensive Income (Loss), Net of Tax (3,024) (47,149) 2,263 (88,037)        
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 $ (6) $ (76) $ (41) $ (590)        
[1] During the 2016 period, this AOCI reclassification is a component of Net sales of $(174) (net of tax of $(71)) and Cost of goods sold of $(171) (net of tax of $(46)); during the 2015 period, the reclassification is a component of Net sales of $(279) (net of tax of $(105)) and Cost of goods sold of $120 (net of tax of $90). (See Note 14 - Derivatives for additional details.)
[2] During the 2016 period, this AOCI reclassification is a component of Net sales of $(1,113) (net of tax of $(418)) and Cost of goods sold of $(401) (net of tax of $(41)); during the 2015 period, the reclassification is a component of Net sales of $(800) (net of tax of $(429)) and Cost of goods sold of $733 (net of tax of $497). (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 $778 and $50,079 during the three months ended September 30, 2016 and 2015, respectively). (See Note 12 - 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 $2,821 and $54,449 during the nine months ended September 30, 2016 and 2015, respectively). (See Note 12 - Retirement and Postretirement Benefit Plans for additional details.)
[5] The Other comprehensive income (loss) before reclassifications excludes $(6) and $(76) attributable to Non-controlling interests in the three months ended September 30, 2016 and 2015, respectively.
[6] The Other comprehensive income (loss) before reclassifications excludes $(41) and $(590) attributable to Non-controlling interests in the nine months ended September 30, 2016 and 2015, respectively.
[7] The reclassification from AOCI reflects foreign currency translation losses recognized due to the Company's deconsolidation of its Venezuelan subsidiary. (See Note 1 - Significant Accounting Policies for additional details.)