XML 36 R26.htm IDEA: XBRL DOCUMENT v3.20.2
Reconciliations of Equity (Tables)
9 Months Ended
Sep. 30, 2020
Equity [Abstract]  
Reconciliations of Total Equity

Below are reconciliations of total equity, Company equity and equity attributable to noncontrolling interests for the three and nine months ended September 30, 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 at June 30, 2020

 

 

898,261

 

 

 

26,552

 

 

 

198,947

 

 

 

(129,212

)

 

 

(172,203

)

 

 

973,345

 

 

 

832

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of 40,435 shares of common stock under stock option plan

 

 

2,443

 

 

 

40

 

 

 

2,403

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based and deferred compensation

 

 

1,899

 

 

 

23

 

 

 

2,613

 

 

 

(737

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

33,342

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

33,168

 

 

 

174

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

 

9,467

 

 

 

 

 

 

 

 

 

 

 

 

9,430

 

 

 

 

 

 

37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock ($0.28 per share)

 

 

(6,176

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(6,176

)

 

 

 

Balance at September 30, 2020

 

$

939,236

 

 

$

26,615

 

 

$

203,963

 

 

$

(129,949

)

 

$

(162,773

)

 

$

1,000,337

 

 

$

1,043

 

 

 

 

(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, 2019

 

$

892,496

 

 

$

26,493

 

 

$

193,135

 

 

$

(114,139

)

 

$

(136,170

)

 

$

922,464

 

 

$

713

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issuance of 47,115 shares of common stock under stock option plan

 

 

2,835

 

 

 

47

 

 

 

2,788

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Purchase of 160,780 shares of common stock on the open market

 

 

(13,753

)

 

 

 

 

 

 

 

 

(13,753

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based and deferred compensation

 

 

6,058

 

 

 

75

 

 

 

8,040

 

 

 

(2,057

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

 

96,724

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

96,420

 

 

 

304

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income

 

 

(26,577

)

 

 

 

 

 

 

 

 

 

 

 

(26,603

)

 

 

 

 

 

26

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash dividends paid:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock ($0.84 per share)

 

 

(18,547

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(18,547

)

 

 

 

Balance at September 30, 2020

 

$

939,236

 

 

$

26,615

 

 

$

203,963

 

 

$

(129,949

)

 

$

(162,773

)

 

$

1,000,337

 

 

$

1,043

 

 

 

(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 on the open market

 

 

(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, December 31, 2018

 

$

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 on the open market

 

 

(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 (2)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,325

)

 

 

5,325

 

 

 

 

Balance at September 30, 2019

 

$

854,907

 

 

$

26,481

 

 

$

191,404

 

 

$

(113,781

)

 

$

(156,507

)

 

$

906,612

 

 

$

698

 

 

(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.