Changes in Equity and Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2013

A summary of the changes in equity for the three months ended March 31, 2014 and 2013 is provided below:



	Three Months Ended March 31,
	2014									2013
(in thousands)	Total Shareholders’ Equity			Noncontrolling Interests			Total Equity			Total Shareholders’ Equity			Noncontrolling Interests		Total Equity
Balance, beginning of period	$	1,204,319		$	10,354		$	1,214,673		$	918,383		$	8,993	$	927,376
Dividends	(17,616		)	—			(17,616		)	(16,144		)	—		(16,144		)
Reacquisition on open market	—			—			—			—			—		—
Exercise of stock options, net of shares reacquired	3,752			—			3,752			13,609			—		13,609
Stock compensation expense	5,647			—			5,647			5,379			—		5,379
Excess tax benefit from stock based compensation	5,145			—			5,145			2,928			—		2,928
Net income	48,684			188			48,872			57,791			151		57,942
Other comprehensive income (loss)	(1,003		)	(25		)	(1,028		)	(17,807		)	10		(17,797		)
Comprehensive income	47,681			163			47,844			39,984			161		40,145
Balance, end of period	$	1,248,928		$	10,517		$	1,259,445		$	964,139		$	9,154	$	973,293

Classification Of Accumulated Other Comprehensive Income Reflected On Consolidated Balance Sheets

The table below provides the accumulated balances for each classification of accumulated other comprehensive income (loss), as reflected on the Condensed Consolidated Balance Sheets.



	(in thousands)	Defined Benefit Pension and Other Postretirement Items*			Currency Translation Adjustment			Total

Balance as of December 31, 2013		$	(121,318	)	$	72,667		$	(48,651	)
	Other comprehensive income (loss) before reclassifications	—			(2,511		)	(2,511		)
	Amounts reclassified from accumulated other comprehensive income	1,508			—			1,508
Net current-period other comprehensive income (loss)		1,508			(2,511		)	(1,003		)
Balance as of March 31, 2014		$	(119,810	)	$	70,156		$	(49,654	)

* Net of tax benefit of $52,286 and $53,373 for March 31, 2014 and December 31, 2013, respectively.