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Shareholders' Equity (Tables) | 6 Months Ended
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Jun. 30, 2018
Equity [Abstract] |
Schedule of cash dividends declared per common share | Cash dividends declared and paid per common share for the three and six months ended June 30, 2018 and 2017, were as follows:
|  | Three months ended June 30, |  | Six months ended June 30,
|  | 2018 |  | 2017 |  | 2018 |  | 2017
Cash dividends declared and paid per common share |  | $ | 0.60 |  |  | $ | 0.58 |  |  | $ | 1.20 |  |  | $ | 1.16 |
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,
| 2018 |  | 2017 |  | 2018 |  | 2017
Weighted average number of common shares outstanding | 62,913 |  | 62,638 |  |  | 62,982 |  | 62,756 |
Director Plan and deferred stock units | 177 |  | 157 |  |  | 171 |  | 151 |
ESOP | 82 |  | 100 |  |  | 85 |  | 105 |
Common shares outstanding—basic | 63,172 |  | 62,895 |  |  | 63,238 |  | 63,012 |
Dilutive effect of Omnibus Plan | 1,714 |  | 912 |  |  | 1,814 |  | 958 |
Common and potential common shares outstanding—diluted | 64,886 |  | 63,807 |  |  | 65,052 |  | 63,970 |
Schedule of changes in accumulated other comprehensive income (loss) balances | Changes in the accumulated other comprehensive loss balance are as follows (in thousands):
| Foreign Currency Items |  | Cash Flow Hedging Derivatives |  | Retirement Benefit Plan Activity |  | Accumulated Other Comprehensive Loss
Balance as of December 31, 2017 | $ | (42,442 | ) |  | $ | (34 | ) |  | $ | (3,153 | ) |  | $ | (45,629 | )
Reclassification to the statement of income | — |  |  | (2,616 | ) |  | 130 |  |  | (2,486 | )
Change in fair value | (13,903 | ) |  | 7,725 |  |  | — |  |  | (6,178 | )
Balance as of June 30, 2018 | $ | (56,345 | ) |  | $ | 5,075 |  |  | $ | (3,023 | ) |  | $ | (54,293 | )
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 statements of income for cash flow derivatives designated as hedging instruments for the three and six months ended June 30, 2018 and 2017 (in thousands):
Derivatives in Cash Flow Hedging Relationships | Location of (Gain) Loss Reclassified from Accumulated Other Comprehensive Loss into Income |  | Three months ended June 30, |  | Six months ended June 30,
| 2018 |  | 2017 |  | 2018 |  | 2017
Foreign currency contracts | Other expense, net |  | $ | 1,937 |  |  | $ | 1,380 |  |  | $ | 2,094 |  |  | $ | 2,607 |
Foreign currency contracts | Cost of sales |  | 554 |  |  | (32 | ) |  | 522 |  |  | (436 | )
Retirement benefit plan activity | Operating expenses |  | (45 | ) |  | — |  |  | (130 | ) |  | — |
Total |  |  | $ | 2,446 |  |  | $ | 1,348 |  |  | $ | 2,486 |  |  | $ | 2,171 |

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