XML 16 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Reconciliations of Equity
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Reconciliations of Equity

2.

RECONCILIATIONS OF EQUITY

Below are reconciliations of total equity, Company equity and equity attributable to noncontrolling interests for the three months ended March 31, 2020 and 2019:

 

(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, 2019

 

$

892,496

 

 

$

26,493

 

 

$

193,135

 

 

$

(114,139

)

 

$

(136,170

)

 

$

922,464

 

 

$

713

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of 2,747 shares of common stock under stock option plan

 

 

155

 

 

 

3

 

 

 

152

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase of 89,225 shares of common stock

 

 

(7,243

)

 

 

 

 

 

 

 

 

(7,243

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based and deferred compensation

 

 

1,116

 

 

 

45

 

 

 

2,374

 

 

 

(1,303

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

27,539

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27,545

 

 

 

(6

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

 

(40,389

)

 

 

 

 

 

 

 

 

 

 

 

(40,376

)

 

 

 

 

 

(13

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock ($0.28 per share)

 

 

(6,202

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6,202

)

 

 

 

Balance, March 31, 2020

 

$

867,472

 

 

$

26,541

 

 

$

195,661

 

 

$

(122,685

)

 

$

(176,546

)

 

$

943,807

 

 

$

694

 

 

(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

 

$

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 (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,325

)

 

 

5,325

 

 

 

 

Balance, March 31, 2019

 

$

832,221

 

 

$

26,441

 

 

$

185,911

 

 

$

(100,098

)

 

$

(142,580

)

 

$

861,773

 

 

$

774

 

 

(1)

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

 

(2)  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.