XML 38 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
Equity (Tables)
 9 Months Ended
Sep. 30, 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
 
Nine Months Ended
 
September 30,
 
September 30,
 
2018
 
2017
 
2018
 
2017
Number of shares repurchased (1)
51,298

 
26,725

 
815,001

 
348,236

Cash paid for repurchased shares (in thousands) (2)
$
8,129

 
$
3,275

 
$
104,400

 
$
37,188

 
(1) The average purchase price for repurchased shares was $140.09 and $128.10 for the three and nine months ended September 30, 2018, respectively, and $122.53 and $106.79 for the three and nine months ended September 30, 2017, respectively.
(2) The cash paid for repurchased shares during the three and nine months ended September 30, 2018 included repurchases for both share-based compensation awards and open market purchases. There were no open market purchases during 2017.
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 September 30, 2018:
 
Interest Rate
Swaps
 
Defined
Benefit
Pension Plans
 
Foreign
Currency
Translation
Adjustments
 
Total
Balance – June 30, 2018
$
16,281

 
$
(5,750
)
 
$
(34,582
)
 
$
(24,051
)
Changes during the period:
 

 
 

 
 

 
 

Change in AOCI/L before reclassifications to income
969

 
—

 
814

 
1,783

Reclassifications from AOCI/L to income (2), (3), (4)
(619
)
 
53

 
150

 
(416
)
Other comprehensive income (loss) for the period
350

 
53

 
964

 
1,367

Balance – September 30, 2018
$
16,631

 
$
(5,697
)
 
$
(33,618
)
 
$
(22,684
)

For the three months ended September 30, 2017:
 
Interest Rate
Swaps
 
Defined
Benefit
Pension Plans
 
Foreign
Currency
Translation
Adjustments
 
Total
Balance – June 30, 2017
$
(6,107
)
 
$
(5,700
)
 
$
(37,082
)
 
$
(48,889
)
Changes during the period:
 
 
 
 
 
 
 
Change in AOCI/L before reclassifications to income
9

 
—

 
46,319

 
46,328

Reclassifications from AOCI/L to income (2), (3)
1,293

 
52

 
—

 
1,345

Other comprehensive income (loss) for the period
1,302

 
52

 
46,319

 
47,673

Balance – September 30, 2017
$
(4,805
)
 
$
(5,648
)
 
$
9,237

 
$
(1,216
)

For the nine months ended September 30, 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 (5)
14,339

 
—

 
21,656

 
35,995

Reclassifications from AOCI/L to income (2), (3), (4)
(191
)
 
164

 
(60,160
)
 
(60,187
)
Other comprehensive income (loss) for the period
14,148

 
164

 
(38,504
)
 
(24,192
)
Balance – September 30, 2018
$
16,631

 
$
(5,697
)
 
$
(33,618
)
 
$
(22,684
)

For the nine months ended September 30, 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
(6,912
)
 
—

 
51,714

 
44,802

Reclassifications from AOCI/L to income (2), (3)
3,516

 
149

 
—

 
3,665

Other comprehensive income (loss) for the period
(3,396
)
 
149

 
51,714

 
48,467

Balance – September 30, 2017
$
(4,805
)
 
$
(5,648
)
 
$
9,237

 
$
(1,216
)

 
(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.
(4)
The reclassifications related to foreign currency translation adjustments during the three and nine months ended September 30, 2018 were recorded in Gain from divested operations. See Note 2 – Acquisitions and Divestitures for information regarding our divestitures during 2018.
(5)
The activity for interest rate swaps included an immaterial impact from the Company's adoption of ASU No. 2018-02. See Note 1 - Business and Basis of Presentation for additional information.