Stockholders' Equity

6 Months Ended

Jun. 30, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Shareholder Rights Plan

In August 2012, the Company’s Board of Directors adopted a Shareholder Rights Plan (the “Rights Plan”) and declared a dividend of one right for each outstanding share of the Company’s common stock outstanding at the close of business on September 11, 2012. Pursuant to the Rights Plan, the Company is issuing one preferred stock purchase right (a “Right”) for each share of common stock outstanding on September 11, 2012. Each Right, once exercisable, represents the right to purchase one one-hundredth of a share (a “Unit”) of Series B Junior Preferred Stock of the Company, without par value, for $54.00, subject to adjustment. The Rights become exercisable in the event any individual person or entity, without Board approval, acquires 10% or more of the Company’s common stock, subject to certain exceptions. In these circumstances, each holder of a Right (other than rights held by the acquirer) will be entitled to purchase, at the then-current exercise price of the Right, additional shares of the Company’s common stock having a value of twice the exercise price of the Right. Additionally, if the Company is involved in a merger or other business combination transaction with another person after which its common stock does not remain outstanding, each Right will entitle its holder to purchase, at the then-current exercise price of the Right, shares of common stock of the ultimate parent of such other person having a market value of twice the exercise price of the Right. The Rights may be redeemed by the Company for $0.001 per Right at any time until the tenth business day following the first public announcement of an acquisition of beneficial ownership of 10% of the Company’s common stock. The Rights Plan will expire on August 30, 2013.

Comprehensive Loss

Comprehensive loss includes net loss and all other non-owner changes to equity that are not reported in net loss.

The Company’s comprehensive loss for the three months ended June 30, 2013 and 2012 is as follows:

	June 30,
	2013			2012
Net loss	$	(3,799	)	$	(2,978	)
Foreign currency translation loss	(2,533		)	(3,374		)
Pension cost amortization, net of tax	345			(110		)
Total comprehensive loss	$	(5,987	)	$	(6,462	)

The Company’s comprehensive loss for the six months ended June 30, 2013 and 2012 is as follows:

	June 30,
	2013			2012
Net loss	$	(14,421	)	$	(7,278	)
Foreign currency translation loss	(2,500		)	(41		)
Pension cost amortization, net of tax	690			(219		)
Total comprehensive loss	$	(16,231	)	$	(7,538	)

The components of accumulated other comprehensive loss is as follows:

	June 30, 2013			December 31, 2012
Foreign currency translation losses	$	(4,822	)	$	(2,322	)
Unrecognized pension and postretirement benefit costs, net of tax	(18,059		)	(18,749		)
Total accumulated other comprehensive loss	$	(22,881	)	$	(21,071	)

Changes in accumulated other comprehensive loss by component for the three months ended June 30, 2013 are as follows:

	Defined Benefit Pension and Postretirement Items			Foreign Currency Items			Total
Balance as of April 1, 2013	$	(18,404	)	$	(2,289	)	$	(20,693	)
Other comprehensive loss before reclassifications	—			(2,533		)	(2,533		)
Amounts reclassified from accumulated other comprehensive loss, net of tax (a)	345			—			345
Net current period other comprehensive loss	345			(2,533		)	(2,188		)
Balance as of June 30, 2013	$	(18,059	)	$	(4,822	)	$	(22,881	)

Changes in accumulated other comprehensive loss by component for the six months ended June 30, 2013 are as follows:

	Defined Benefit Pension and Postretirement Items			Foreign Currency Items			Total
Balance as of January 1, 2013	$	(18,749	)	$	(2,322	)	$	(21,071	)
Other comprehensive loss before reclassifications	—			(2,500		)	(2,500		)
Amounts reclassified from accumulated other comprehensive loss, net of tax (a)	690			—			690
Net current period other comprehensive loss	690			(2,500		)	(1,810		)
Balance as of June 30, 2013	$	(18,059	)	$	(4,822	)	$	(22,881	)

^(a) See the table below for details of reclassification from accumulated other comprehensive loss for the three and six months ended June 30, 2013, respectively.

Reclassifications from accumulated other comprehensive loss for the three and six months ended June 30, 2013 are as follows:

	Amount Reclassified from Accumulated Other Comprehensive Loss
Details about Accumulated Other Comprehensive Loss Components	Three months ended June 30, 2013			Six months ended June 30, 2013
Amortization of defined benefit pension and postretirement items
Prior service cost (b)	$	(81	)	$	(162	)
Actuarial loss (b)	(485		)	(970		)
Total before Tax	(566		)	(1,132		)
Tax benefit	221			442
Total reclassifications for the period, net of tax	$	(345	)	$	(690	)

^(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost for the three and six months ended June 30, 2013, respectively (see Note 11 for additional details).