Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2013

Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding

Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed in the same manner except that the weighted average number of shares is increased for dilutive securities. The difference between basic and diluted weighted average common shares results from the assumption that dilutive stock options were exercised. The following table provides a reconciliation of basic to diluted weighted average shares outstanding:

	2013	2012		2011
	(Shares in thousands)
Basic	41,105		40,859		40,501
Dilutive effect of share based awards	410		—		287
Dilutive effect of 3.875% Convertible Notes and warrants	2,178		—		13
Diluted	43,693		40,859		40,801

Change in Accumulated Other Comprehensive Income (Loss)

The following tables provide information relating to the changes in accumulated other comprehensive income (loss), net of tax, for the twelve months ended December 31, 2013 and 2012:

	Cash Flow Hedges			Pension and Other Postretirement Benefit Plans			Foreign Currency Translation Adjustment			Accumulated Other Comprehensive Income (Loss)
	(Dollars in thousands)
Balance at December 31, 2011	$	(7,257	)	$	(134,548	)	$	(17,548	)	$	(159,353	)
Other comprehensive income before reclassifications		515			2,628			13,138			16,281
Amounts reclassified from accumulated other comprehensive income		6,361			4,663			—			11,024
Net current-period other comprehensive income		6,876			7,291			13,138			27,305
Balance at December 31, 2012		(381	)		(127,257	)		(4,410	)		(132,048	)
Other comprehensive income (loss) before reclassifications		(549	)		25,464			(9,408	)		15,507
Amounts reclassified from accumulated other comprehensive income		930			4,756			—			5,686
Net current-period other comprehensive income (loss)		381			30,220			(9,408	)		21,193
Balance at December 31, 2013	$	—		$	(97,037	)	$	(13,818	)	$	(110,855	)

Reclassification of Gain/Losses into Income/Expense, Net of Tax

The following table provides information relating to the reclassifications of losses/(gain) in accumulated other comprehensive income into expense/(income), net of tax, for the twelve months ended December 31, 2013 and 2012:

	December 31, 2013			December 31,2012
	(Dollars in thousands)
Gains and losses on cash flow hedges:
Interest Rate Contracts:
Interest expense	$	—		$	11,057
Foreign Currency Exchange Contracts:
Net Revenue		—			34
Cost of goods sold		884			(898	)
Total before tax		884			10,193
Tax expense (benefit)		46			(3,832	)
Net of tax	$	930		$	6,361
Amortization of pension and other postretirement benefits items (1):
Actuarial losses	$	7,211		$	7,158
Prior-service costs		(21	)		(20	)
Transition obligation		5			97
Curtailment charge		—			(118	)
Settlement charge		—			106
Total before tax		7,195			7,223
Tax benefit		(2,439	)		(2,560	)
Net of tax	$	4,756		$	4,663
Total reclassifications, net of tax	$	5,686		$	11,024