Changes in Shareholders' Equity (Tables)

6 Months Ended

Jun. 29, 2014

Reconciliation of Basic to Diluted Weighted Average Common Shares Outstanding

The following table provides a reconciliation of basic to diluted weighted average shares outstanding:

	Three Months Ended				Six Months Ended
	June 29, 2014		June 30, 2013		June 29, 2014		June 30, 2013
	(Shares in thousands)
Basic		41,380		41,115		41,321		41,064
Dilutive effect of share based awards		413		374		442		384
Dilutive effect of 3.875% Convertible Notes and warrants		4,599		1,940		4,308		1,790
Diluted		46,392		43,429		46,071		43,238

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 six months ended June 29, 2014 and June 30, 2013:

	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, 2013	$	—		$	(97,037	)	$	(13,818	)	$	(110,855	)
Other comprehensive income (loss)    before reclassifications		233			(256	)		5,222			5,199
Amounts reclassified from    accumulated other    comprehensive  income (loss)		(90	)		1,498			—			1,408
Net current-period other    comprehensive income		143			1,242			5,222			6,607
Balance at June 29, 2014	$	143		$	(95,795	)	$	(8,596	)	$	(104,248	)

	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, 2012	$	(381	)	$	(127,257	)	$	(4,410	)	$	(132,048	)
Other comprehensive income (loss)    before reclassifications		362			(452	)		(32,654	)		(32,744	)
Amounts reclassified from    accumulated other    comprehensive income (loss)		(374	)		2,408			—			2,034
Net current-period other    comprehensive income (loss)		(12	)		1,956			(32,654	)		(30,710	)
Balance at June 30, 2013	$	(393	)	$	(125,301	)	$	(37,064	)	$	(162,758	)

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 three and six months ended June 29, 2014 and June 30, 2013:

	Three Months Ended						Six Months Ended
	June 29, 2014			June 30, 2013			June 29, 2014			June 30, 2013
	(Dollars in thousands)
Gains and losses on foreign exchange contracts:
Cost of goods sold	$	(52	)	$	(194	)	$	(129	)	$	(696	)
Total before tax		(52	)		(194	)		(129	)		(696	)
Tax expense		5			95			39			322
Net of tax	$	(47	)	$	(99	)	$	(90	)	$	(374	)
Amortization of pension and other postretirement    benefit items:
Actuarial losses/(gains) (1)	$	1,103		$	1,618		$	2,205		$	3,764
Prior-service costs(1)		(6	)		(6	)		(11	)		(11	)
Transition obligation(1)		—			1			-			2
Total before tax		1,097			1,613			2,194			3,755
Tax expense		(382	)		(660	)		(696	)		(1,347	)
Net of tax	$	715		$	953		$	1,498		$	2,408
Total reclassifications, net of tax	$	668		$	854		$	1,408		$	2,034

(1) These accumulated other comprehensive income components are included in the computation of net benefit cost of pension and other postretirement benefit plans (see Note 12 for additional information).