XML 98 R27.htm IDEA: XBRL DOCUMENT v2.4.1.9
Operations and Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of property plant and equipment useful life
Property, plant and equipment are stated at cost and depreciated using the straight-line method over the following estimated useful lives:
 
 
Building and improvements
12 to 40 years
 
Leasehold improvements
Shorter of life of asset or life of lease
 
Machinery and equipment
2 to 15 years
Schedule of calculation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share at December 31, 2014, 2013 and 2012, respectively: 
 
2014
 
2013
 
2012
 
 
 
 
 
 
Net income
$
32,192

 
$
35,939

 
$
40,481

 
 
 
 
 
 
Basic-weighted average shares outstanding
27,401

 
27,722

 
28,301

 
 
 
 
 
 
Effect of dilutive potential securities
368

 
392

 
352

 
 
 
 
 
 
Diluted-weighted average shares outstanding
27,769

 
28,114

 
28,653

 
 
 
 
 
 
Basic EPS
$
1.17

 
$
1.30

 
$
1.43

 
 
 
 
 
 
Diluted EPS
$
1.16

 
$
1.28

 
$
1.41
Schedule of accumulated other comprehensive loss
Accumulated other comprehensive loss consists of the following:
 
Cash Flow
Hedging
Gain (Loss)
 
Pension
Liability
 
Cumulative
Translation
Adjustments
 
Accumulated
Other
Comprehensive
Loss
 
 
 
 
 
 
 
 
Balance, December 31, 2013
$
(1,385
)
 
$
(18,918
)
 
$
2,731

 
$
(17,572
)
 
 
 
 
 
 
 
 
Other comprehensive income
before reclassifications
5,061

 
(10,551
)
 
(15,069
)
 
(20,559
)
 
 
 
 
 
 
 
 
Amounts reclassified from accumulated other comprehensive income before taxa
(635
)
 
(2,048
)
 
—

 
(2,683
)
Tax expense
235

 
757

 
—

 
992

 
 
 
 
 
 
 
 
Net current-period other comprehensive income (loss)
4,661

 
(11,842
)
 
(15,069
)
 
(22,250
)
 
 
 
 
 
 
 
 
Balance, December 31, 2014
$
3,276

 
$
(30,760
)
 
$
(12,338
)
 
$
(39,822
)
 
Cash Flow
Hedging
Gain (Loss)
 
Pension
Liability
 
Cumulative
Translation
Adjustments
 
Accumulated
Other
Comprehensive
Loss
 
 
 
 
 
 
 
 
Balance, December 31, 2012
$
(1,130
)
 
$
(30,375
)
 
$
3,924

 
$
(27,581
)
 
 
 
 
 
 
 
 
Other comprehensive income
before reclassifications
(158
)
 
8,618

 
(1,193
)
 
7,267

 
 
 
 
 
 
 
 
Amounts reclassified from accumulated other comprehensive income before taxa
(153
)
 
4,502

 
—

 
4,349

Tax expense (benefit)
56

 
(1,663
)
 
—

 
(1,607
)
 
 
 
 
 
 
 
 
 Net current-period other comprehensive income (loss)
(255
)
 
11,457

 
(1,193
)
 
10,009

 
 
 
 
 
 
 
 
Balance, December 31, 2013
$
(1,385
)
 
$
(18,918
)
 
$
2,731

 
$
(17,572
)

 
(a) The cash flow hedging gain (loss) and pension liability accumulated other comprehensive income components are included in sales or cost of sales and as a component of net periodic pension cost, respectively. Refer to Note 13 and Note 9, respectively, for further details.