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Shareholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2017
Equity [Abstract] |
Schedule of cash dividends declared per common share | Cash dividends declared per common share for the three and six months ended June 30, 2017 and 2016, were as follows:
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2017 |  | 2016 |  | 2017 |  | 2016
Cash dividends declared and paid per common share |  | $ | 0.58 |  |  | $ | 0.55 |  |  | $ | 1.16 |  |  | $ | 1.10 |
Schedule of reconciliation of weighted average number of shares | A reconciliation of these amounts is as follows (in thousands):
| Three months ended June 30, |  | Six months ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Weighted average number of common shares outstanding | 62,638 |  | 64,130 |  |  | 62,756 |  | 64,444 |
Director Plan and deferred stock units | 157 |  | 166 |  |  | 151 |  | 181 |
ESOP | 100 |  | 110 |  |  | 105 |  | 101 |
Common shares outstanding—basic | 62,895 |  | 64,406 |  |  | 63,012 |  | 64,726 |
Dilutive effect of Omnibus Plan | 912 |  | 891 |  |  | 958 |  | 913 |
Common and potential common shares outstanding—diluted | 63,807 |  | 65,297 |  |  | 63,970 |  | 65,639 |
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, 2016 | $ | (84,133 | ) |  | $ | 296 |  |  | $ | (83,837 | )
Reclassification to the income statement | — |  |  | (2,171 | ) |  | (2,171 | )
Change in fair value | 30,436 |  |  | 1,130 |  |  | 31,566 |
Balance as of June 30, 2017 | $ | (53,697 | ) |  | $ | (745 | ) |  | $ | (54,442 | )
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 and six months ended June 30, 2017 and 2016 (in thousands):
Derivatives in Cash Flow Hedging Relationships | Location of (Gain) Loss Reclassified from Accumulated OCI into Income |  | Three months ended June 30, |  | Six months ended June 30,
| 2017 |  | 2016 |  | 2017 |  | 2016
Foreign currency contracts | Other expense, net |  | $ | 1,380 |  |  | $ | 493 |  |  | $ | 2,607 |  |  | $ | 2,423 |
Foreign currency contracts | Cost of sales |  | (32 | ) |  | (278 | ) |  | (436 | ) |  | (849 | )
Total |  |  | $ | 1,348 |  |  | $ | 215 |  |  | $ | 2,171 |  |  | $ | 1,574 |

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- Definition Tabular disclosure of the effective portion of gains and losses on derivative instruments (and nonderivative instruments) designated and qualifying in cash flow hedges recorded in accumulated other comprehensive income (loss) during the term of the hedging relationship and reclassified into earnings during the current period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=64837297&loc=SL5624171-113959 + Details
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- Definition Tabular disclosure of all or some of the information related to dividends declared, but not paid, as of the financial reporting date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6367179&loc=d3e4304-108586 + Details
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- Definition Tabular disclosure of the weighted average number of shares used in calculating basic net earnings per share (or unit) and diluted earnings per share (or unit). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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