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Operations and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of property plant and equipment useful life
Property, plant and equipment are stated at cost and depreciated using the straight-line method over the following estimated useful lives:
 
 
Building and improvements
12 to 40 years
 
Leasehold improvements
Shorter of life of asset or life of lease
 
Machinery and equipment
2 to 15 years


Schedule of calculation of basic and diluted earnings per share The following table sets forth the computation of basic and diluted earnings per share at December 31, 2019, 2018 and 2017, respectively: 
 
2019
 
2018
 
2017
 
 
 
 
 
 
Net income
$
28,620

 
$
40,854

 
$
55,487

 
 
 
 
 
 
Basic-weighted average shares outstanding
28,325

 
28,118

 
27,939

 
 
 
 
 
 
Effect of dilutive potential securities
1,170

 
772

 
232

 
 
 
 
 
 
Diluted-weighted average shares outstanding
29,495

 
28,890

 
28,171

 
 
 
 
 
 
Net income (per share)
 
 
 
 
 
Basic
$
1.01

 
$
1.45

 
$
1.99

Diluted
0.97

 
1.41

 
1.97


Schedule of accumulated other comprehensive loss
Accumulated other comprehensive loss consists of the following:
 
Cash Flow
Hedging
Gain (Loss)
 
Pension
Liability
 
Foreign Currency Translation
Adjustments
 
Accumulated
Other
Comprehensive Loss
 
 
 
 
 
 
 
 
Balance, December 31, 2016
$
1,546

 
$
(26,458
)
 
$
(33,614
)
 
$
(58,526
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications, net of tax
(5,529
)
 
(1,142
)
 
13,879

 
7,208

Amounts reclassified from accumulated other comprehensive income before tax(a)
718

 
2,835

 

 
3,553

Income tax
(265
)
 
(1,048
)
 

 
(1,313
)
 
 
 
 
 
 
 
 
Net current-period other comprehensive income (loss)
(5,076
)
 
645

 
13,879

 
9,448

 
 
 
 
 
 
 
 
Balance, December 31, 2017
$
(3,530
)
 
$
(25,813
)
 
$
(19,735
)
 
$
(49,078
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications, net of tax
7,639

 
(2,711
)
 
(8,369
)
 
(3,441
)
Amounts reclassified from accumulated other comprehensive income before tax(a)
913

 
2,689

 

 
3,602

Income tax
(221
)
 
(650
)
 

 
(871
)
 
 
 
 
 
 
 
 
Net current-period other comprehensive income (loss)
8,331

 
(672
)
 
(8,369
)
 
(710
)
 
 
 
 
 
 
 
 
Cumulative effect of change in accounting principle(b)
(716
)
 
(5,233
)
 

 
(5,949
)
 
 
 
 
 
 
 
 
Balance, December 31, 2018
$
4,085

 
$
(31,718
)
 
$
(28,104
)
 
$
(55,737
)
 
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications, net of tax
2,936

 
(2,158
)
 
25

 
803

Amounts reclassified from accumulated other comprehensive income (loss) before tax(a)
(8,607
)
 
2,881

 

 
(5,726
)
Income tax
2,079

 
(696
)
 

 
1,383

 
 
 
 
 
 
 
 
Net current-period other comprehensive income (loss)
(3,592
)
 
27

 
25

 
(3,540
)
 
 
 
 
 
 
 
 
Balance, December 31, 2019
$
493

 
$
(31,691
)
 
$
(28,079
)
 
$
(59,277
)


(a) The cash flow hedging gain (loss) and pension liability accumulated other comprehensive income components are included in sales or cost of sales and as a component of net periodic pension cost, respectively. Refer to Note 16 and Note 12, respectively, for further details.

(b) We recorded the cumulative impact of adopting ASU 2018-02 in 2018, which allows for the elimination of the stranded tax effects of Tax Reform through a reclassification between accumulated other comprehensive income (loss) and retained earnings.