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Changes in Shareholders' Equity (Tables)
6 Months Ended
Jun. 30, 2018
Stockholders' Equity Note [Abstract]  
Schedule of Activity 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  -   -   40,610   -   -   178   40,788 
Compensation and benefits paid or payable in shares  -   1,062   -   -   274   -   1,336 
Options exercised  -   150       -   -   -   150 
Dividends declared  -   -   (10,968)  -   -   -   (10,968)
Cumulative translation adjustments  -   -   -   (15,570)  -   4   (15,566)
Pension and postretirement liability adjustments  -   -   -   2,114   -   -   2,114 
Derivative valuation adjustment  -   -   -   6,202   -   -   6,202 
June 30, 2018  $40   $429,635   $558,639   ($143,155)  ($256,602)  $3,102   $591,659 

 

(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.