Shareholders' Equity (Text Block)

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

Shareholders’ Equity

Preferred Stock

We have authorized the issuance of 10 million shares of preferred stock with no par value. In the event of a liquidation, dissolution, or winding up of the affairs of the corporation, whether voluntary or involuntary, the holders of any outstanding preferred stock will be entitled to be paid a preferential amount per share to be determined by our Board of Directors prior to any payment to holders of common stock. There was no preferred stock issued or outstanding at December 31, 2016, 2015, and 2014.

Stock Repurchase Plan

On February 19, 2015, our Board authorized a new repurchase program of up to $50 million of our common stock over a 12-month period, beginning February 19, 2015. From February 19, 2015 through December 31, 2015, we repurchased 743,444 shares of our common stock, totaling $25.0 million. This program expired on February 19, 2016 with no share repurchases made subsequent to December 31, 2015.

Other Comprehensive Income (Loss)

OCI is reflected as a net increase (decrease) to shareholders’ equity and is not reflected in our results of operations. The changes in the components of AOCI, net of tax, were as follows:

	Foreign Currency Translation Adjustments			Net Unrealized Gain (Loss) on Derivative Instruments			Net Unrealized Gain (Loss) on Nonderivative Instruments			Pension Benefit Obligation Adjustments			Accumulated Other Comprehensive Income (Loss)
	(in thousands)
Balances at January 1, 2014	$	4,217		$	(1,256	)	$	(14,380	)	$	(9,885	)	$	(21,304	)
OCI before reclassifications	(89,297		)	(566		)	—			(25,702		)	(115,565		)
Amounts reclassified from AOCI	—			1,054			—			755			1,809
Total other comprehensive income (loss)	(89,297		)	488			—			(24,947		)	(113,756		)
Balances at December 31, 2014	$	(85,080	)	$	(768	)	$	(14,380	)	$	(34,832	)	$	(135,060	)
OCI before reclassifications	(73,891		)	76			—			4,570			(69,245		)
Amounts reclassified from AOCI	962			1,010			—			1,726			3,698
Total other comprehensive income (loss)	(72,929		)	1,086			—			6,296			(65,547		)
Balances at December 31, 2015	$	(158,009	)	$	318		$	(14,380	)	$	(28,536	)	$	(200,607	)
OCI before reclassifications	(23,570		)	(1,087		)	—			(6,191		)	(30,848		)
Amounts reclassified from AOCI	(1,407		)	812			—			2,723			2,128
Total other comprehensive income (loss)	(24,977		)	(275		)	—			(3,468		)	(28,720		)
Balances at December 31, 2016	$	(182,986	)	$	43		$	(14,380	)	$	(32,004	)	$	(229,327	)

The before-tax amount, income tax (provision) benefit, and net-of-tax amount related to each component of OCI during the reporting periods were as follows:

	Year Ended December 31,
	2016			2015			2014
	(in thousands)
Before-tax amount
Foreign currency translation adjustment	$	(23,280	)	$	(74,219	)	$	(89,329	)
Foreign currency translation adjustment reclassified into net income on disposal	(1,407		)	962			—
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(1,768		)	123			(915		)
Net hedging (gain) loss reclassified into net income (loss)	1,322			1,639			1,704
Pension benefit obligation adjustment	(3,504		)	8,971			(25,270		)
Total other comprehensive income (loss), before tax	(28,637		)	(62,524		)	(113,810		)
Tax (provision) benefit
Foreign currency translation adjustment	(290		)	328			32
Foreign currency translation adjustment reclassified into net income on disposal	—			—			—
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	681			(47		)	349
Net hedging (gain) loss reclassified into net income (loss)	(510		)	(629		)	(650		)
Pension benefit obligation adjustment	36			(2,675		)	323
Total other comprehensive income (loss) tax (provision) benefit	(83		)	(3,023		)	54
Net-of-tax amount
Foreign currency translation adjustment	(23,570		)	(73,891		)	(89,297		)
Foreign currency translation adjustment reclassified into net income on disposal	(1,407		)	962			—
Net unrealized gain (loss) on derivative instruments designated as cash flow hedges	(1,087		)	76			(566		)
Net hedging (gain) loss reclassified into net income (loss)	812			1,010			1,054
Pension benefit obligation adjustment	(3,468		)	6,296			(24,947		)
Total other comprehensive income (loss), net of tax	$	(28,720	)	$	(65,547	)	$	(113,756	)

Details about the AOCI components reclassified to the Consolidated Statements of Operations during the reporting periods are as follows:

	Amount Reclassified from AOCI(1)
	Year Ended December 31,									Affected Line Item in the Income Statement
	2016			2015			2014
	(in thousands)
Amortization of defined benefit pension items
Prior-service costs	$	(58	)	$	(59	)	$	(138	)	(2)
Actuarial losses	(1,351		)	(1,979		)	(572		)	(2)
Loss on settlement	(1,343		)	(375		)	(55		)	(2)
Other	—			(46		)	—			(2)
Total, before tax	(2,752		)	(2,459		)	(765		)	Income (loss) before income taxes
Tax benefit	29			733			10			Income tax provision
Total, net of tax	$	(2,723	)	$	(1,726	)	$	(755	)	Net income (loss)

⁽¹⁾  Amounts in parenthesis indicate debits to the Consolidated Statements of Operations.

⁽²⁾  These AOCI components are included in the computation of net periodic pension cost. Refer to Note 8 for additional details.

Reclassification of amounts related to foreign currency translation adjustment relate to the sale of a subsidiary and are included in restructuring expense in the Consolidated Statements of Operations for the years ended December 31, 2016 and 2015.

Refer to Note 7 for additional details related to derivative activities that resulted in reclassification of AOCI to the Consolidated Statements of Operations.