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Stockholders' Equity
12 Months Ended
Dec. 31, 2014
Stockholders' Equity Note [Abstract]  
Shareholders' 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 issued 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. On August 13, 2013, the Company's Board of Directors agreed to extend the Rights Plan from August 30, 2013, when it was originally set to expire, to August 30, 2014, unless the rights issued thereunder are earlier redeemed or the Rights Plan is amended by the Board of Directors. The Rights Plan expired on August 30, 2014.
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss as reported in the consolidated balance sheets as of December 31, 2014 and 2013 was comprised of the following:
 
2014
 
2013
Foreign currency translation losses
$
(9,994
)
 
$
(4,617
)
Unrecognized pension and postretirement benefit costs, net of tax
(35,571
)
 
(14,126
)
Total accumulated other comprehensive loss
$
(45,565
)
 
$
(18,743
)


Changes in accumulated other comprehensive loss by component for the years ended December 31, 2014 and 2013 are as follows:
 
Defined Benefit Pension and Postretirement Items
 
Foreign Currency Items
 
Total
 
2014
 
2013
 
2014
 
2013
 
2014
 
2013
Balance as of January 1,
$
(14,126
)
 
$
(18,749
)
 
$
(4,617
)
 
$
(2,322
)
 
$
(18,743
)
 
$
(21,071
)
Other comprehensive (loss) income before reclassifications
(23,108
)
 
3,256

 
(5,377
)
 
(2,295
)
 
(28,485
)
 
961

Amounts reclassified from accumulated other comprehensive loss, net of tax (a)
1,663

 
1,367

 

 

 
1,663

 
1,367

Net current period other comprehensive (loss) income
(21,445
)
 
4,623

 
(5,377
)
 
(2,295
)
 
(26,822
)
 
2,328

Balance as of December 31,
$
(35,571
)
 
$
(14,126
)
 
$
(9,994
)
 
$
(4,617
)
 
$
(45,565
)
 
$
(18,743
)
(a) See reclassifications from accumulated other comprehensive loss table for details of reclassification from accumulated other comprehensive loss for the year ended December 31, 2014.

Reclassifications from accumulated other comprehensive loss for the years ended December 31, 2014 and 2013 are as follows:
 
 
Year ended December 31,
 
 
2014
 
2013
Unrecognized pension and postretirement benefit items:
 
 
 
 
Prior service cost (b)
 
$
(282
)
 
$
(322
)
Actuarial loss (b)
 
(1,381
)
 
(1,919
)
Total before Tax
 
(1,663
)
 
(2,241
)
Tax effect
 

 
874

Total reclassifications for the period, net of tax
 
$
(1,663
)
 
$
(1,367
)
(b) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost included in "Sales, general and administrative expense" in the Consolidated Statements of Operations for the years ended December 31, 2014 and 2013 (see Note 9 - Employee Benefit Plans for additional details).