v2.4.1.9
Shareholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Schedule of cash dividends declared per common share
Cash dividends declared per common share for the three months ended March 31, 2015 and 2014, were as follows: 
 
 
Three months ended March 31,
 
 
2015
 
2014
Cash dividends declared and paid per common share
 
$
0.53

 
$
0.48
Schedule of reconciliation of weighted average number of shares
A reconciliation of these amounts is as follows (in thousands):
 
Three months ended March 31,
 
2015
 
2014
Weighted average number of common shares outstanding
66,137
 
65,557

Director Plan and deferred stock units
205
 
201

ESOP
87
 
75

Common shares outstanding—basic
66,429
 
65,833

Dilutive effect of Option Plans and Omnibus Plan
1,717
 
2,125

Common and potential common shares outstanding—diluted
68,146
 
67,958
Schedule of changes in accumulated other comprehensive income (loss) balances
Changes in the accumulated other comprehensive loss balance is as follows (in thousands):
 
Foreign
Currency
Items
 
Cash Flow
Hedging Derivatives
 
Accumulated Other
Comprehensive Loss
Balance as of December 31, 2014
$
(25,789
)
 
$
(1,452
)
 
$
(27,241
)
Reclassification to the income statement
—

 
392

 
392

Change in fair value
(30,156
)
 
1,180

 
(28,976
)
Balance as of March 31, 2015
$
(55,945
)
 
$
120

 
$
(55,825
)
Schedule of gains and losses, net of tax, reclassified from accumulated other comprehensive income into the income statement for cash flow derivatives designated as hedging instruments
The table below provides data about the amount of gains and losses, net of tax, reclassified from accumulated other comprehensive loss into the income statement for cash flow derivatives designated as hedging instruments for the three months ended March 31, 2015 and 2014 (in thousands): 
Derivatives in Cash
Flow Hedging Relationships
Location of (Gain) Loss
Reclassified from
Accumulated OCI
into Income
 
Three months ended March 31,
 
2015
 
2014
Foreign currency contracts
Other expense (income), net
 
$
504

 
$
(410
)
Foreign currency contracts
Cost of sales
 
(896
)
 
102

Total
 
 
$
(392
)
 
$
(308
)