Reconciliations of Equity (Tables)

9 Months Ended

Sep. 30, 2019

Below are reconciliations of total equity, Company equity and equity attributable to noncontrolling interests for the three and nine months ended September 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 at June 30, 2019		858,397			26,453		188,781		(106,202	)		(137,723	)		886,349			739

Issuance of 13,256 shares of common stock under stock option plan		667			13		654		—			—			—			—

Purchase of 73,821 shares of common stock		(7,003	)		—		—		(7,003	)		—			—			—

Stock-based and deferred compensation		1,408			15		1,969		(576	)		—			—			—

Net income		25,880			—		—		—			—			25,889			(9	)

Other comprehensive income		(18,816	)		—		—		—			(18,784	)		—			(32	)

Cash dividends paid:
Common stock ($0.25 per share)		(5,626	)		—		—		—			—			(5,626	)		—
Balance at September 30, 2019	$	854,907		$	26,481	$	191,404	$	(113,781	)	$	(156,507	)	$	906,612		$	698

(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 at December 31, 2018⁽²⁾	$	808,185		$	26,309	$	182,881	$	(97,389	)	$	(141,483	)	$	837,107		$	760

Issuance of 56,385 shares of common stock under stock option plan		2,830			56		2,774		—			—			—			—

Purchase of 144,457 shares of common stock		(13,184	)		—		—		(13,184	)		—			—			—

Stock-based and deferred compensation		2,657			116		5,749		(3,208	)		—			—			—

Net income		81,068			—		—		—			—			81,091			(23	)

Other comprehensive income		(9,738	)		—		—		—			(9,699	)		—			(39	)

Cash dividends paid:
Common stock ($0.75 per share)		(16,911	)		—		—		—			—			(16,911	)		—

Other⁽³⁾		—			—		—		—			(5,325	)		5,325			—
Balance at September 30, 2019	$	854,907		$	26,481	$	191,404	$	(113,781	)	$	(156,507	)	$	906,612		$	698

(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 at June 30, 2018⁽²⁾		789,096			26,279		177,779		(93,559	)		(124,290	)		802,093			794

Issuance of 5,032 shares of common stock under stock option plan		214			5		209		—			—			—			—

Purchase of 16,833 shares of common stock		(1,500	)		—		—		(1,500	)		—			—			—

Stock-based and deferred compensation		2,311			3		2,380		(72	)		—			—			—

Net income⁽²⁾		21,754			—		—		—			—			21,754			—

Other comprehensive income		(1,748	)		—		—		—			(1,717	)		—			(31	)

Cash dividends paid:
Common stock ($0.23 per share)		(5,065	)		—		—		—			—			(5,065	)		—
Balance at September 30, 2018⁽²⁾	$	805,062		$	26,287	$	180,368	$	(95,131	)	$	(126,007	)	$	818,782		$	763

(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 85,394 shares of common stock under stock option plan		3,488			85		3,403		—			—			—			—

Purchase of 156,524 shares of common stock		(13,500	)		—		—		(13,500	)		—			—			—

Stock-based and deferred compensation		3,618			131		6,557		(3,070	)		—			—			—

Net income⁽²⁾		87,151			—		—		—			—			87,160			(9	)

Other comprehensive income		(26,490	)		—		—		—			(26,444	)		—			(46	)

Cash dividends paid:
Common stock ($0.70 per share)		(15,225	)		—		—		—			—			(15,225	)		—

Other ⁽⁴⁾		(198	)		—		—		—			—			(198	)		—
Balance at September 30, 2018⁽²⁾	$	805,062		$	26,287	$	180,368	$	(95,131	)	$	(126,007	)	$	818,782		$	763

⁽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.}