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v3.19.1

Shareholders' equity (Tables) | 3 Months Ended
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Mar. 31, 2019
Equity [Abstract] |
Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding | The following table provides a reconciliation of basic to diluted weighted average number of common shares outstanding:
| Three Months Ended
| March 31, 2019 |  | April 1, 2018
| (Shares in thousands)
Basic | 46,050 |  |  | 45,329 |
Dilutive effect of share-based awards | 892 |  |  | 1,044 |
Dilutive effect of convertible warrants | — |  |  | 322 |
Diluted | 46,942 |  |  | 46,695 |
Change in Accumulated Other Comprehensive Income (Loss) | The following tables provide information relating to the changes in accumulated other comprehensive loss, net of tax, for the three months ended March 31, 2019 and April 1, 2018:
| Cash Flow Hedges |  | Pension and Other Postretirement Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive (Loss) Income
| (Dollars in thousands)
Balance as of December 31, 2018 | $ | 807 |  |  | $ | (131,380 | ) |  | $ | (210,512 | ) |  | $ | (341,085 | )
Other comprehensive income (loss) before reclassifications | (434 | ) |  | (122 | ) |  | (236 | ) |  | (792 | )
Amounts reclassified from accumulated other comprehensive income | (163 | ) |  | 1,351 |  |  | — |  |  | 1,188 |
Net current-period other comprehensive income (loss) | (597 | ) |  | 1,229 |  |  | (236 | ) |  | 396 |
Balance as of March 31, 2019 | $ | 210 |  |  | $ | (130,151 | ) |  | $ | (210,748 | ) |  | $ | (340,689 | )
| Cash Flow Hedges |  | Pension and Other Postretirement Benefit Plans |  | Foreign Currency Translation Adjustment |  | Accumulated Other Comprehensive (Loss) Income
| (Dollars in thousands)
Balance as of December 31, 2017 | $ | 340 |  |  | $ | (138,808 | ) |  | $ | (126,623 | ) |  | $ | (265,091 | )
Other comprehensive (loss) before reclassifications | 1,341 |  |  | (478 | ) |  | 81,188 |  |  | 82,051 |
Amounts reclassified from accumulated other comprehensive loss | (720 | ) |  | 1,359 |  |  | — |  |  | 639 |
Net current-period other comprehensive income | 621 |  |  | 881 |  |  | 81,188 |  |  | 82,690 |
Balance as of April 1, 2018 | $ | 961 |  |  | $ | (137,927 | ) |  | $ | (45,435 | ) |  | $ | (182,401 | )
Reclassification of Gain/Losses into Income/Expense, Net of Tax | The following table provides information relating to the location in the statements of operations and amount of reclassifications of losses/(gains) in accumulated other comprehensive (loss) income into expense/(income), net of tax, for the three months ended March 31, 2019 and April 1, 2018:
| Three Months Ended
| March 31, 2019 |  | April 1, 2018
| (Dollars in thousands)
(Gains) losses on foreign exchange contracts: |  |  |
Cost of goods sold | $ | (186 | ) |  | $ | (833 | )
Total before tax | (186 | ) |  | (833 | )
Taxes (benefit) | 23 |  |  | 113 |
Net of tax | $ | (163 | ) |  | $ | (720 | )
Losses (gains) on cross-currency swaps (net investment hedge): |  |  |
Interest expense | $ | (3,882 | ) |  | $ | — |
Total before tax | (3,882 | ) |  | — |
Tax expense | 929 |  |  | — |
Net of tax | $ | (2,953 | ) |  | $ | — |
Amortization of pension and other postretirement benefit items (1):
Actuarial losses | $ | 1,740 |  |  | $ | 1,746 |
Prior-service costs | 22 |  |  | 24 |
Total before tax | 1,762 |  |  | 1,770 |
Tax benefit | (411 | ) |  | (411 | )
Net of tax | $ | 1,351 |  |  | $ | 1,359 |
Total reclassifications, net of tax | $ | (1,765 | ) |  | $ | 639 |
(1) These accumulated other comprehensive (loss) income components are included in the computation of net benefit expense for pension and other postretirement benefit plans.

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