Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

Schedule of cash dividends declared per common share

Cash dividends declared per common share for the three and six months ended June 30, 2017 and 2016, were as follows:

	Three months ended June 30,				Six months ended June 30,
	2017		2016		2017		2016
Cash dividends declared and paid per common share	$	0.58	$	0.55	$	1.16	$	1.10

Schedule of reconciliation of weighted average number of shares

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

	Three months ended June 30,		Six months ended June 30,
	2017	2016	2017	2016
Weighted average number of common shares outstanding	62,638	64,130	62,756	64,444
Director Plan and deferred stock units	157	166	151	181
ESOP	100	110	105	101
Common shares outstanding—basic	62,895	64,406	63,012	64,726
Dilutive effect of Omnibus Plan	912	891	958	913
Common and potential common shares outstanding—diluted	63,807	65,297	63,970	65,639

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	—			(2,171		)	(2,171		)
Change in fair value	30,436			1,130			31,566
Balance as of June 30, 2017	$	(53,697	)	$	(745	)	$	(54,442	)

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 and six months ended June 30, 2017 and 2016 (in thousands):

Derivatives in Cash Flow Hedging Relationships	Location of (Gain) Loss Reclassified from Accumulated OCI into Income	Three months ended June 30,						Six months ended June 30,
		2017			2016			2017			2016
Foreign currency contracts	Other expense, net	$	1,380		$	493		$	2,607		$	2,423
Foreign currency contracts	Cost of sales	(32		)	(278		)	(436		)	(849		)
Total		$	1,348		$	215		$	2,171		$	1,574