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Condensed Consolidated Statement of Comprehensive Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net sales $ 286,273 $ 326,943 $ 575,297 $ 631,444
Cost of products sold 208,986 235,365 420,915 457,073
Gross Profit 77,287 91,578 154,382 174,371
Selling, general and administrative expenses 82,545 100,345 163,785 197,147
Charges related to restructuring activities 689 2,090 929 4,330
Interest expense 587 1,046 1,279 1,735
Interest income (42) (323) (80) (391)
Loss from Continuing Operations Before Income Taxes (6,492) (11,580) (11,531) (28,450)
Income tax provision 1,725 2,875 4,200 4,900
Net loss from Continuing Operations (8,217) (14,455) (15,731) (33,350)
Net Earnings from Discontinued Operations (net of tax of $200 and $400 for 2014) 0 843 0 1,762
Gain on Sale of Discontinued Operations (net of tax of $0 and $140 for 2015) 0 0 260 0
Total Net Earnings from Discontinued Operations 0 843 260 1,762
Net Loss $ (8,217) $ (13,612) $ (15,471) $ (31,588)
Dividends Declared per Common Share $ 0.0125 $ 0.0125 $ 0.0250 $ 0.0250
Net Earnings (Loss) per Share—Basic        
Net Loss from Continuing Operations (in dollars per share) (0.26) (0.45) (0.49) (1.04)
Net Earnings from Discontinued Operations (in dollars per share) 0.00 0.03 0.01 0.06
Net Loss per Share—Basic $ (0.26) $ (0.43) $ (0.48) $ (0.99)
Weighted Average Shares Outstanding—Basic 32,131 32,017 32,128 32,015
Net Earnings (Loss) per Share—Assuming Dilution        
Net Loss from Continuing Operations (in dollars per share) [1] $ (0.26) $ (0.45) $ (0.49) $ (1.04)
Net Earnings from Discontinued Operations (in dollars per share) 0.00 0.03 0.01 0.05
Net Loss per Share—Assuming Dilution [1] $ (0.26) $ (0.43) $ (0.48) $ (0.99)
Weighted Average Shares Outstanding—Assuming Dilution 32,888 32,216 32,646 32,244
Other comprehensive income (loss):        
Foreign currency translation adjustments $ (6,682) $ (4,936) $ (60,060) $ 1,712
Defined Benefit Plans:        
Amortization of prior service costs and unrecognized gains 719 15 813 723
Other Comprehensive Income (Loss), Pension and Other Postretirement Benefit Plans, Net Unamortized Gain (Loss) Arising During Period, before Tax (784) 0 (784) 0
Deferred tax adjustment resulting from defined benefit plan activity 22 (7) (11) (187)
Valuation reserve associated with defined benefit plan activity (22) 9 11 23
Current period unrealized gain (loss) on cash flow hedges (986) 483 1,034 (101)
Deferred tax loss related to unrealized gain (loss) on cash flow hedges 11 159 (85) 243
Other Comprehensive Income (Loss) (7,722) (4,277) (59,082) 2,413
Comprehensive Loss $ (15,939) $ (17,889) $ (74,553) $ (29,175)
[1] Net loss per common share assuming dilution calculated utilizing weighted average shares outstanding-basic for the periods in which there was a net loss.