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Equity | 3 Months Ended
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Mar. 31, 2020
Equity [Abstract] |
Equity | 15. Equity Authorized capital consists of 75 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. As of March 31, 2020, the Company has authorization to repurchase up to $30.0 million of the Company’s common stock at management’s discretion. During the three months ended March 31, 2020, the Company repurchased 1.1 million shares of the Company’s common stock for $12.0 million under this authorization. As of March 31, 2020, the Company had $10.6 million remaining under this authorization. As a result of the COVID-19 pandemic, the Company suspended its share repurchase program to preserve its liquidity and manage cash flows. A reconciliation of the changes in accumulated other comprehensive loss, net of income tax, by component for the three months ended March 31, 2020 and 2019 are summarized as follows:
|  | Gains and Losses on Cash Flow Hedges |  |  | Pension & Postretirement |  |  | Foreign Currency Translation |  |  | Total |
Balance at December 31, 2018 |  | $ | (0.3 | ) |  | $ | (36.2 | ) |  | $ | (80.1 | ) |  | $ | (116.6 | )
Other comprehensive income (loss) before reclassifications |  |  | (0.7 | ) |  |  | 0.1 |  |  |  | (2.5 | ) |  |  | (3.1 | )
Amounts reclassified from accumulated other comprehensive loss |  |  | 0.8 |  |  |  | 0.4 |  |  |  | — |  |  |  | 1.2 |
Net other comprehensive income (loss) |  |  | 0.1 |  |  |  | 0.5 |  |  |  | (2.5 | ) |  |  | (1.9 | )
Balance at March 31, 2019 |  | $ | (0.2 | ) |  | $ | (35.7 | ) |  | $ | (82.6 | ) |  | $ | (118.5 | )
Balance at December 31, 2019 |  | $ | — |  |  | $ | (39.9 | ) |  | $ | (81.1 | ) |  | $ | (121.0 | )
Other comprehensive income (loss) before reclassifications |  |  | (0.1 | ) |  |  | 1.1 |  |  |  | (13.6 | ) |  |  | (12.6 | )
Amounts reclassified from accumulated other comprehensive loss |  |  | 0.1 |  |  |  | 0.1 |  |  |  | — |  |  |  | 0.2 |
Net other comprehensive income (loss) |  |  | — |  |  |  | 1.2 |  |  |  | (13.6 | ) |  |  | (12.4 | )
Balance at March 31, 2020 |  | $ | — |  |  | $ | (38.7 | ) |  | $ | (94.7 | ) |  | $ | (133.4 | )
A reconciliation of the reclassifications from accumulated other comprehensive loss, net of income tax, for the three months ended March 31, 2020 and 2019 are summarized as follows:
|  | Amount Reclassified from Accumulated Other Comprehensive Loss |  |  |
|  | Three Months Ended March 31, 2020 |  |  | Three Months Ended March 31, 2019 |  |  | Recognized Location
Gains and losses on cash flow hedges |  |  |  |  |  |  |  |  |  |
FX Forward Contracts |  | $ | (0.1 | ) |  | $ | (0.8 | ) |  | Cost of sales
Total before income taxes |  |  | (0.1 | ) |  |  | (0.8 | ) |  |
Provision for income taxes |  |  | — |  |  |  | — |  |  |
Total, net of income taxes |  | $ | (0.1 | ) |  | $ | (0.8 | ) |  |
Amortization of pension and postretirement items |  |  |  |  |  |  |  |  |  |
Actuarial losses |  | $ | (1.1 | ) |  | $ | (1.1 | ) | (a) | Other expense - net
Amortization of prior service cost |  |  | 0.7 |  |  |  | 0.7 |  | (a) | Other expense - net
Total before income taxes |  |  | (0.4 | ) |  |  | (0.4 | ) |  |
Provision for income taxes |  |  | 0.3 |  |  |  | - |  |  |
Total, net of income taxes |  | $ | (0.1 | ) |  | $ | (0.4 | ) |  |
Total reclassifications for the period, net of income taxes |  | $ | (0.2 | ) |  | $ | (1.2 | ) |  |
(a) | These accumulated other comprehensive income (loss) components are components of net periodic pension cost (see Note 21, “Employee Benefit Plans,” for further details)

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- References No definition available. + Details
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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