XML 20 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Reconciliations of Equity
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Reconciliations of Equity

3.

RECONCILIATIONS OF EQUITY

Below are reconciliations of total equity, Company equity and equity attributable to noncontrolling interests for the three months ended March 31, 2019 and 2018:

 

(In thousands, except share and per share amounts)

 

Total

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Treasury

Stock

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

Retained

Earnings

 

 

Noncontrolling

Interest (1)

 

Balance, December 31, 2018 (2)

 

$

808,185

 

 

$

26,309

 

 

$

182,881

 

 

$

(97,389

)

 

$

(141,483

)

 

$

837,107

 

 

$

760

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of 38,706 shares of common stock under stock option plan

 

 

1,890

 

 

 

39

 

 

 

1,851

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase of 900 shares of common stock

 

 

(77

)

 

 

 

 

 

 

 

 

(77

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based and deferred compensation

 

 

(1,360

)

 

 

93

 

 

 

1,179

 

 

 

(2,632

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

24,978

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24,984

 

 

 

(6

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

 

4,248

 

 

 

 

 

 

 

 

 

 

 

 

4,228

 

 

 

 

 

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock ($0.25 per share)

 

 

(5,643

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,643

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other (3)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,325

)

 

 

5,325

 

 

 

 

Balance, March 31, 2019

 

$

832,221

 

 

$

26,441

 

 

$

185,911

 

 

$

(100,098

)

 

$

(142,580

)

 

$

861,773

 

 

$

774

 

 

(In thousands, except share and per share amounts)

 

Total

 

 

Common

Stock

 

 

Additional

Paid-in

Capital

 

 

Treasury

Stock

 

 

Accumulated

Other

Comprehensive

Income (Loss)

 

 

Retained

Earnings

 

 

Noncontrolling

Interest (1)

 

Balance, December 31, 2017 (2)

 

$

766,218

 

 

$

26,071

 

 

$

170,408

 

 

$

(78,561

)

 

$

(99,563

)

 

$

747,045

 

 

$

818

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of 77,474 shares of common stock under stock option plan

 

 

3,155

 

 

 

77

 

 

 

3,078

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase of 6,107 shares of common stock

 

 

(2,500

)

 

 

 

 

 

 

 

 

(2,500

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based and deferred compensation

 

 

(1,136

)

 

 

120

 

 

 

1,725

 

 

 

(2,981

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (2)

 

 

31,945

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31,952

 

 

 

(7

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

 

9,567

 

 

 

 

 

 

 

 

 

 

 

 

9,535

 

 

 

 

 

 

32

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock ($0.23 per share)

 

 

(5,092

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,092

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other (4)

 

 

(198

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(198

)

 

 

 

Balance, March 31, 2018

 

$

801,959

 

 

$

26,268

 

 

$

175,211

 

 

$

(84,042

)

 

$

(90,028

)

 

$

773,707

 

 

$

843

 

 

(1)

Reflects the noncontrolling interest in the Company’s China joint venture.

 

 

(2)

The retained earnings and net income amounts for the noted line items have been changed from the amounts originally reported as a result of the Company’s first quarter 2019 change in method of accounting for U.S. inventory valuation from LIFO to FIFO.

 

 

(3)

Reflects beginning retained earnings adjustment as a result of the Company’s first quarter 2019 adoption of ASU No. 2018-02, Income Statement – Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income.  See Note 19 for more details.

 

 

(4)

Reflects beginning retained earnings adjustment as a result of the Company’s first quarter 2018 adoption of ASU No. 2016-16, Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.