XML 36 R28.htm IDEA: XBRL DOCUMENT
v3.19.3

Shareholders' Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Equity [Abstract] |
Schedule of cash dividends declared per common share | Cash dividends declared and paid per common share for the three and nine months ended September 30, 2019 and 2018, were as follows:
|  | Three months ended September 30, |  | Nine months ended September 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Cash dividends declared and paid per common share |  | $ | 0.61 |  |  | $ | 0.60 |  |  | $ | 1.83 |  |  | $ | 1.80 |
Schedule of reconciliation of weighted average number of shares | A reconciliation of these amounts is as follows (in thousands):
| Three months ended September 30, |  | Nine months ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Weighted average number of common shares outstanding | 61,143 |  | 61,927 |  |  | 61,064 |  | 62,630 |
Director Plan and deferred stock units | 212 |  | 181 |  |  | 205 |  | 175 |
ESOP | 125 |  | 99 |  |  | 125 |  | 89 |
Common shares outstanding—basic | 61,480 |  | 62,207 |  |  | 61,394 |  | 62,894 |
Dilutive effect of Omnibus Plan | 785 |  | 1,339 |  |  | 758 |  | 1,656 |
Common and potential common shares outstanding—diluted | 62,265 |  | 63,546 |  |  | 62,152 |  | 64,550 |
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 Plan and Other Activity |  | Accumulated Other Comprehensive Loss
Balance as of December 31, 2018 | $ | (60,504 | ) |  | $ | 423 |  |  | $ | (2,892 | ) |  | $ | (62,973 | )
Reclassification to the statement of income | — |  |  | (2,711 | ) |  | 187 |  |  | (2,524 | )
Reclassification to retained earnings | — |  |  | — |  |  | (668 | ) |  | (668 | )
Change in fair value | (13,189 | ) |  | (4,237 | ) |  | — |  |  | (17,426 | )
Balance as of September 30, 2019 | $ | (73,693 | ) |  | $ | (6,525 | ) |  | $ | (3,373 | ) |  | $ | (83,591 | )
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 nine months ended September 30, 2019 and 2018 (in thousands):
Derivatives in Cash Flow Hedging Relationships and Other Activity | Location of Gain (Loss) Reclassified from Accumulated Other Comprehensive Loss into Income |  | Three months ended September 30, |  | Nine months ended September 30,
| 2019 |  | 2018 |  | 2019 |  | 2018
Foreign currency contracts | Other expense, net |  | $ | 458 |  |  | $ | 4,587 |  |  | $ | 2,591 |  |  | $ | 6,681 |
Foreign currency contracts | Cost of sales |  | 266 |  |  | (62 | ) |  | 552 |  |  | 460 |
Interest rate contracts | Interest expense |  | (327 | ) |  | — |  |  | (432 | ) |  | — |
Retirement plan activity | Operating expenses |  | (61 | ) |  | (66 | ) |  | (187 | ) |  | (196 | )
Total |  |  | $ | 336 |  |  | $ | 4,459 |  |  | $ | 2,524 |  |  | $ | 6,945 |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of gain (loss) on derivative and nonderivative instruments designated and qualifying as cash flow hedge recorded in accumulated other comprehensive income (AOCI) and reclassified into earnings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109980867&loc=SL5624171-113959 + Details
Name: | us-gaap_ScheduleOfCashFlowHedgesIncludedInAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=98513485&loc=d3e4304-108586 + Details
Name: | us-gaap_ScheduleOfDividendsPayableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -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
Name: | us-gaap_ScheduleOfWeightedAverageNumberOfSharesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration