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Changes in Shareholders' Equity
3 Months Ended
Mar. 31, 2018
Stockholders' Equity Note [Abstract]  
Changes in Shareholders' Equity

18. Changes in Shareholders’ Equity

The following table summarizes changes in Shareholders’ Equity:

 

(in thousands) 

Common Stock Class A and B

  Additional paid in capital  Retained earnings  Accumulated items of other comprehensive income/(loss)  Treasury stock  Noncontrolling Interest  Total Equity
December 31, 2017  $40   $428,423   $534,082   ($135,901)  ($256,876)  $3,247   $573,015 
Adoption of accounting standards (a),(b)  -   -   (5,085)  -   -   (327)  (5,412)
Net income  -   -   10,245   -   -   237   10,482 
Compensation and benefits paid or payable in shares  -   289   -   -   -   -   289 
Options exercised  -   147   -   -   -   -   147 
Dividends declared  -   -   (5,483)  -   -   -   (5,483)
Cumulative translation adjustments  -   -   -   17,646   -   (7)  17,639 
Pension and postretirement liability adjustments  -   -   -   (13)  -   -   (13)
Derivative valuation adjustment  -   -   -   4,480   -   -   4,480 
March 31, 2018  $40   $428,859   $533,759   ($113,788)  ($256,876)  $3,150   $595,144 

 

(a)As described in Note 2, the Company adopted ASC 606 effective January 1, 2018, which resulted in a decrease to Retained earnings of $5.6 million and a $0.3 million decrease to Noncontrolling interest.
(b)As described in Note 7, the Company adopted ASU 2016-16 effective January 1, 2018, which resulted in a $0.5 increase to Retained earnings.