Equity (Tables)

3 Months Ended

Mar. 31, 2018

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,
	2018		2017
Number of shares repurchased (1), (2)	239,268		218,752
Cash paid for repurchased shares (in thousands)	$	28,394	$	21,978

(1) The average purchase price for repurchased shares was $118.73 and $100.47 for the three months ended March 31, 2018 and 2017, respectively.

(2) All of the shares repurchased in both quarterly periods related to the settlement of the Company's share-based compensation awards.

Schedule of the changes in Accumulated Other Comprehensive (Loss) Income by component (net of tax)

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

For the three months ended March 31, 2018:

	Interest Rate Swaps		Defined Benefit Pension Plans			Foreign Currency Translation Adjustments		Total
Balance – December 31, 2017	$	2,483	$	(5,861	)	$	4,886	$	1,508
Changes during the period:
Change in AOCI/L before reclassifications to income	9,365		—			20,547		29,912
Reclassifications from AOCI/L to income during the period (2), (3)	749		56			—		805
Other comprehensive income for the period	10,114		56			20,547		30,717
Balance – March 31, 2018	$	12,597	$	(5,805	)	$	25,433	$	32,225

For the three months ended March 31, 2017:

	Interest Rate Swaps			Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Total
Balance – December 31, 2016	$	(1,409	)	$	(5,797	)	$	(42,477	)	$	(49,683	)
Changes during the period:
Change in AOCI/L before reclassifications to income	(3,393		)	—			4,371			978
Reclassifications from AOCI/L to income during the period (2), (3)	825			48			—			873
Other comprehensive income (loss) for the period	(2,568		)	48			4,371			1,851
Balance – March 31, 2017	$	(3,977	)	$	(5,749	)	$	(38,106	)	$	(47,832	)

(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 10 – 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 12 – Employee Benefits for information regarding the Company’s defined benefit pension plans.