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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2013
Equity [Abstract] |
Stockholders' Equity | Stockholders’ Equity The following is a roll forward of retained earnings and noncontrolling interest for the nine months ended September 30, 2013 and 2012:
(in millions) |  | Retained Earnings |  | Noncontrolling Interest
Balance at December 31, 2012 |  | $ | 222.1 |  |  | $ | (19.0 | )
Net earnings (loss) |  | 120.9 |  |  | (7.7 | )
Balance at September 30, 2013 |  | $ | 343.0 |  |  | $ | (26.7 | )
(in millions) |  | Retained Earnings |  | Noncontrolling Interest
Balance at December 31, 2011 |  | $ | 131.0 |  |  | $ | (9.9 | )
Net earnings (loss) |  | 67.2 |  |  | (6.7 | )
Balance at September 30, 2012 |  | $ | 198.2 |  |  | $ | (16.6 | )
Authorized capitalization consists of 300 million shares of $0.01 par value common stock and 3.5 million shares of $0.01 par value preferred stock. None of the preferred shares have been issued. Currently, the company has authorization to purchase up to 10 million shares of common stock at management’s discretion. As of September 30, 2013, the company has purchased approximately 7.6 million shares at a cost of $49.8 million pursuant to this authorization; however, the company has not purchased any shares of its common stock under this authorization since 2006. A reconciliation for the changes in accumulated other comprehensive income (loss), net of tax, by component for the three months ended March 31, 2013, June 30, 2013 and September 30, 2013 is as follows:
(in millions) |  | Gains and Losses on Cash Flow Hedges |  | Pension & Postretirement |  | Foreign Currency Translation |  | Total
Balance at December 31, 2012 |  | $ | 0.6 |  |  | $ | (80.3 | ) |  | $ | 50.3 |  |  | $ | (29.4 | )
Other comprehensive loss before reclassifications |  | (2.7 | ) |  | — |  |  | (14.6 | ) |  | (17.3 | )
Amounts reclassified from accumulated other comprehensive income |  | 0.1 |  |  | 1.0 |  |  | — |  |  | 1.1 |
Net current period other comprehensive income (loss) |  | (2.6 | ) |  | 1.0 |  |  | (14.6 | ) |  | (16.2 | )
Balance at March 31, 2013 |  | $ | (2.0 | ) |  | $ | (79.3 | ) |  | $ | 35.7 |  |  | $ | (45.6 | )
Other comprehensive income (loss) before reclassifications |  | 0.4 |  |  | — |  |  | (1.5 | ) |  | (1.1 | )
Amounts reclassified from accumulated other comprehensive income |  | 0.1 |  |  | 1.1 |  |  | — |  |  | 1.2 |
Net current period other comprehensive income (loss) |  | 0.5 |  |  | 1.1 |  |  | (1.5 | ) |  | 0.1 |
Balance at June 30, 2013 |  | $ | (1.5 | ) |  | $ | (78.2 | ) |  | $ | 34.2 |  |  | $ | (45.5 | )
Other comprehensive income before reclassifications |  | 2.6 |  |  | — |  |  | 16.7 |  |  | 19.3 |
Amounts reclassified from accumulated other comprehensive income |  | (0.3 | ) |  | 1.0 |  |  | — |  |  | 0.7 |
Net current period other comprehensive income |  | 2.3 |  |  | 1.0 |  |  | 16.7 |  |  | 20.0 |
Balance at September 30, 2013 |  | $ | 0.8 |  |  | $ | (77.2 | ) |  | $ | 50.9 |  |  | $ | (25.5 | )
A reconciliation for the reclassifications out of accumulated other comprehensive income, net of tax, for the three months ended September 30, 2013 is as follows:
(in millions) |  | Amount Reclassified from Accumulated Other Comprehensive Income |  | Recognized Location
Gains and losses on cash flow hedges |  |  |  |
Foreign exchange contracts |  | $ | 0.8 |  |  | Cost of sales
Commodity contracts |  | (0.4 | ) |  | Cost of sales
|  | 0.4 |  |  | Total before tax
|  | (0.1 | ) |  | Tax expense
|  | $ | 0.3 |  |  | Net of tax
Amortization of pension and postretirement items |  |  |  |
Actuarial losses |  | (1.3 | ) | (a) |
|  | (1.3 | ) |  | Total before tax
|  | 0.3 |  |  | Tax benefit
|  | $ | (1.0 | ) |  | Net of Tax
Total reclassifications for the period |  | $ | (0.7 | ) |  | Net of Tax
(a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 16, "Employee Benefit Plans" for further details).
A reconciliation for the reclassifications out of accumulated other comprehensive income, net of tax, for the nine months ended September 30, 2013 is as follows:
(in millions) |  | Amount Reclassified from Accumulated Other Comprehensive Income |  | Recognized Location
Gains and losses on cash flow hedges |  |  |  |
Foreign exchange contracts |  | $ | 1.6 |  |  | Cost of sales
Commodity contracts |  | (1.5 | ) |  | Cost of sales
|  | 0.1 |  |  | Total before tax
|  | — |  |  | Tax expense
|  | $ | 0.1 |  |  | Net of tax
Amortization of pension and postretirement items |  |  |  |
Actuarial losses |  | (4.1 | ) | (a) |
|  | (4.1 | ) |  | Total before tax
|  | 1.0 |  |  | Tax benefit
|  | $ | (3.1 | ) |  | Net of Tax
Total reclassifications for the period |  | $ | (3.0 | ) |  | Net of Tax
(a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost (see Note 16, "Employee Benefit Plans" for further details).

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- Definition The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Article 4 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Section B -Paragraph 7, 11A -Chapter 1 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 5 -Paragraph 15 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=6228006&loc=d3e74512-122707 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 129 -Paragraph 2, 3, 4, 5, 6, 7, 8 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 10 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 17: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 18: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770 Reference 19: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 20: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 21: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 22: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 23: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph d -Article 4 + Details
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