Reconciliations of Equity (Tables)

6 Months Ended

Jun. 30, 2019

Below are reconciliations of total equity, Company equity and equity attributable to noncontrolling interests for the three and six months ended June 30, 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

Issuance of 4,423 shares of common stock under stock option plan		273			4		269		—			—			—			—

Purchase of 69,736 shares of common stock		(6,104	)		—		—		(6,104	)		—			—			—

Stock-based and deferred compensation		2,609			8		2,601		—			—			—			—

Net income		30,210			—		—		—			—			30,218			(8	)

Other comprehensive income		4,830			—		—		—			4,857			—			(27	)

Cash dividends paid:
Common stock ($0.25 per share)		(5,642	)		—		—		—			—			(5,642	)		—
Balance, June 30, 2019	$	858,397		$	26,453	$	188,781	$	(106,202	)	$	(137,723	)	$	886,349		$	739

(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

Issuance of 2,888 shares of common stock under stock option plan		119			3		116		—			—			—			—

Purchase of 133,584 shares of common stock		(9,500	)		—		—		(9,500	)		—			—			—

Stock-based and deferred compensation		2,443			8		2,452		(17	)		—			—			—

Net income⁽²⁾		33,452			—		—		—			—			33,454			(2	)

Other comprehensive income		(34,309	)		—		—		—			(34,262	)		—			(47	)

Cash dividends paid:
Common stock ($0.23 per share)		(5,068	)		—		—		—			—			(5,068	)
Balance, June 30, 2018	$	789,096		$	26,279	$	177,779	$	(93,559	)	$	(124,290	)	$	802,093		$	794

⁽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.}