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Equity (Tables)
 3 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
Schedule of share repurchase activity
The Company’s recent share repurchase activity is presented in the following table:
 
Three Months Ended
 
March 31,
 
2016
 
2015
Number of shares repurchased (1)
466,823

 
4,084,590

Cash paid for repurchased shares (in thousands) (2)
$
45,487

 
$
324,042


(1) The average purchase price for shares was $82.02 and $81.83 for the three months ended March 31, 2016 and 2015, respectively.

(2) The cash paid for the three months ended March 31, 2016 includes $7.2 million for share repurchase orders that were placed
in late December 2015 and were settled in early January 2016.

Schedule of the changes in AOCI by component (net of tax)
The following tables disclose information about changes in AOCL/I by component and the related amounts reclassified out of AOCL/I to income during the periods indicated (net of tax, in thousands) (1):

For the three months ended March 31, 2016:
 
Interest Rate
Swaps
 
Defined
Benefit
Pension Plans
 
Foreign
Currency
Translation
Adjustments
 
Total
December 31, 2015
$
(3,079
)
 
$
(4,832
)
 
$
(36,491
)
 
$
(44,402
)
Changes during the period:
 

 
 

 
 

 
 

Change in AOCL/I before reclassifications to income
(8,357
)
 
—

 
2,068

 
(6,289
)
Reclassifications from AOCL/I to income during the period (2), (3)
1,224

 
37

 
—

 
1,261

Other comprehensive (loss) income for the period
(7,133
)
 
37

 
2,068

 
(5,028
)
Balance – March 31, 2016
$
(10,212
)
 
$
(4,795
)
 
$
(34,423
)
 
$
(49,430
)

For the three months ended March 31, 2015:
 
Interest Rate
Swaps
 
Defined
Benefit
Pension Plans
 
Foreign
Currency
Translation
Adjustments
 
Total
Balance – December 31, 2014
$
(1,740
)
 
$
(6,028
)
 
$
(13,402
)
 
$
(21,170
)
Changes during the period:
 
 
 
 
 
 
 
Change in AOCL/I before reclassifications to income
(1,857
)
 
—

 
(20,107
)
 
(21,964
)
Reclassifications from AOCL/I to income during the period (2), (3)
753

 
53

 
—

 
806

Other comprehensive (loss) income for the period
(1,104
)
 
53

 
(20,107
)
 
(21,158
)
Balance – March 31, 2015
$
(2,844
)
 
$
(5,975
)
 
$
(33,509
)
 
$
(42,328
)

(1)
Amounts in parentheses represent debits (deferred losses).

(2)
The reclassifications related to interest rate swaps (cash flow hedges) were recorded in Interest expense, net of tax effect. See Note 9 – Derivatives and Hedging for information regarding the hedges.

(3)
The reclassifications related to defined benefit pension plans were recorded in Selling, general and administrative expense, net of tax effect. See Note 11 – Employee Benefits for information regarding the Company’s defined benefit pension plans.