Stockholders Equity

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Stockholders Equity

Stockholders' Equity

Stock Repurchase Program: On November 12, 2013, the Company's Board of Directors approved a stock repurchase program (the "2013 Stock Repurchase Program") providing for the purchase of up to $60 million of the Company's Class A Common Stock outstanding through December 31, 2015. The timing and amount of any repurchases under the 2013 Stock Repurchase Program are determined at the discretion of the Company's management based on a number of factors, including the availability of capital, other capital allocation alternatives and market conditions for the Company's Class A Common Stock. The 2013 Stock Repurchase Program does not require the Company to acquire any specific number of shares. It may be modified, suspended, extended or terminated by the Company at any time without prior notice and may be executed through open market purchases, privately negotiated transactions or otherwise. All or part of the repurchases under the 2013 Stock Repurchase Program may be implemented under a Rule 10b5-1 trading plan, which would allow repurchases under pre-set terms at times when the Company might otherwise be prevented from doing so under applicable securities laws.

During the three months ended March 31, 2015 and March 31, 2014, the Company repurchased 121,763 and 90,978 shares of Class A Common Stock for an aggregate purchase price of $6.9 million and $5.0 million under the 2013 Stock Repurchase Program at a weighted average purchase price of $56.76 and $54.80 per share, respectively.

Amounts Reclassified out of Accumulated Other Comprehensive Income (Loss): The following table summarizes the amounts reclassified out of Accumulated other comprehensive income (loss) ("AOCI") and recognized in the Unaudited Condensed Consolidated Statements of Operations:

	Amount Reclassified from AOCI
	THREE MONTHS ENDED
	March 31
Details about AOCI Components	2015			2014			Location of (gain) loss reclassified from AOCI into income (loss)
(Gain) loss on cash flow hedging
Foreign exchange contracts	$	(85	)	$	(88	)	Cost of sales
Interest rate contracts	369			364			Interest expense
	284			276			Total before income tax benefit
	(99		)	(96		)	Income tax benefit
	$	185		$	180		Net of tax
Pension and postretirement plan
Actuarial loss	$	381		$	260		(a)
Prior-service credit	(14		)	(19		)	(a)
	367			241			Total before income tax benefit
	(108		)	(83		)	Income tax benefit
	$	259		$	158		Net of tax
Total reclassifications for the period	$	444		$	338		Net of tax

(a) These AOCI components are included in the computation of pension and postretirement health care (income) expense. See Note 10 for further discussion.