Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2017

Schedule of cash dividends declared per common share

Cash dividends declared per common share for the three months ended March 31, 2017 and 2016, were as follows:



	Three months ended March 31,
	2017		2016
Cash dividends declared and paid per common share	$	0.58	$	0.55

Schedule of reconciliation of weighted average number of shares

A reconciliation of these amounts is as follows (in thousands):



	Three months ended March 31,
	2017	2016
Weighted average number of common shares outstanding	62,873	64,758
Director Plan and deferred stock units	145	196
ESOP	110	92
Common shares outstanding—basic	63,128	65,046
Dilutive effect of Omnibus Plan	1,005	936
Common and potential common shares outstanding—diluted	64,133	65,982

Schedule of changes in accumulated other comprehensive income (loss) balances

Changes in the accumulated other comprehensive loss balance is as follows (in thousands):



	Foreign Currency Items			Cash Flow Hedging Derivatives			Accumulated Other Comprehensive Loss
Balance as of December 31, 2016	$	(84,133	)	$	296		$	(83,837	)
Reclassification to the income statement	—			(823		)	(823		)
Change in fair value	13,416			1,179			14,595
Balance as of March 31, 2017	$	(70,717	)	$	652		$	(70,065	)

Schedule of gains and losses, net of tax, reclassified from accumulated other comprehensive income into the income statement for cash flow derivatives designated as hedging instruments

The table below provides data about the amount of gains and losses, net of tax, reclassified from accumulated other comprehensive loss into the income statement for cash flow derivatives designated as hedging instruments for the three months ended March 31, 2017 and 2016 (in thousands):



Derivatives in Cash Flow Hedging Relationships	Location of (Gain) Loss Reclassified from Accumulated OCI into Income	Three months ended March 31,
Derivatives in Cash Flow Hedging Relationships		2017			2016
Foreign currency contracts	Other expense, net	$	1,227		$	1,930
Foreign currency contracts	Cost of sales	(404		)	(571		)
Total		$	823		$	1,359