XML 40 R26.htm IDEA: XBRL DOCUMENT v3.3.1.900
STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of Common Stock Repurchased and Average Price Paid Per Share

The aggregate dollar outlay for common stock repurchased, along with the number of shares repurchased, and average price paid per share, for the quarters and nine-month periods ended December 31 is as follows:

 

 

 

Quarter Ended

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

(In thousands, except share and per share data)

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Aggregate dollar outlay for common stock repurchased

 

$

 

 

 

99,999

 

 

 

 

 

 

99,999

 

Shares of common stock repurchased

 

 

 

 

 

2,841,976

 

 

 

 

 

 

2,841,976

 

Average price paid per common share

 

$

 

 

 

35.19

 

 

 

 

 

 

35.19

 

 

Schedule of Dividends Declared

The Board of Directors declared the following dividends for the quarters and nine-month periods ended December 31:

 

 

 

Quarter Ended

 

 

Nine Months Ended

 

 

 

December 31,

 

 

December 31,

 

(In thousands, except dividend per share)

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Dividends declared

 

$

11,811

 

 

 

12,029

 

 

 

34,965

 

 

 

37,229

 

Dividend per share

 

 

0.25

 

 

 

0.25

 

 

 

0.75

 

 

 

0.75

 

 

Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax

The changes in accumulated other comprehensive income (loss) by component, net of tax for the quarters and nine month periods ended December 31, 2015 and 2014 are as follows:

 

 

 

For the quarter ended December 31, 2015

 

 

For the nine months ended December 31, 2015

 

 

 

Balance

 

 

Gains/(losses)

 

 

Reclasses

 

 

Net

 

 

Remaining

 

 

Balance

 

 

Gains/(losses)

 

 

Reclasses

 

 

Net

 

 

Remaining

 

 

 

at

 

 

recognized

 

 

from OCI to

 

 

period

 

 

balance

 

 

at

 

 

recognized

 

 

from OCI to

 

 

period

 

 

balance

 

(in thousands)

 

9/30/15

 

 

in OCI

 

 

net income

 

 

OCI

 

 

12/31/15

 

 

3/31/15

 

 

in OCI

 

 

net income

 

 

OCI

 

 

12/31/15

 

Available for sale securities

 

 

(444

)

 

 

235

 

 

 

(24

)

 

 

211

 

 

 

(233

)

 

 

235

 

 

 

(569

)

 

 

101

 

 

 

(468

)

 

 

(233

)

Currency translation adjustment

 

 

(9,811

)

 

 

 

 

 

 

 

 

 

 

 

(9,811

)

 

 

(9,811

)

 

 

 

 

 

 

 

 

 

 

 

(9,811

)

Pension/Post- retirement benefits

 

 

(9,059

)

 

 

 

 

 

 

 

 

 

 

 

(9,059

)

 

 

(9,129

)

 

 

70

 

 

 

 

 

 

70

 

 

 

(9,059

)

Interest rate swaps

 

 

(1,314

)

 

 

 

 

 

180

 

 

 

180

 

 

 

(1,134

)

 

 

(1,673

)

 

 

 

 

 

539

 

 

 

539

 

 

 

(1,134

)

Total

 

 

(20,628

)

 

 

235

 

 

 

156

 

 

 

391

 

 

 

(20,237

)

 

 

(20,378

)

 

 

(499

)

 

 

640

 

 

 

141

 

 

 

(20,237

)

 

 

 

For the quarter ended December 31, 2014

 

 

For the nine months ended December 31, 2014

 

 

 

Balance

 

 

Gains/(losses)

 

 

Reclasses

 

 

Net

 

 

Remaining

 

 

Balance

 

 

Gains/(losses)

 

 

Reclasses

 

 

Net

 

 

Remaining

 

 

 

at

 

 

recognized

 

 

from OCI to

 

 

period

 

 

balance

 

 

at

 

 

recognized

 

 

from OCI to

 

 

period

 

 

balance

 

(in thousands)

 

9/30/14

 

 

in OCI

 

 

net income

 

 

OCI

 

 

12/31/14

 

 

3/31/14

 

 

in OCI

 

 

net income

 

 

OCI

 

 

12/31/14

 

Available for sale securities

 

 

225

 

 

 

(73

)

 

 

19

 

 

 

(54

)

 

 

171

 

 

 

92

 

 

 

(76

)

 

 

155

 

 

 

79

 

 

 

171

 

Currency translation adjustment

 

 

(9,811

)

 

 

 

 

 

 

 

 

 

 

 

(9,811

)

 

 

(9,811

)

 

 

 

 

 

 

 

 

 

 

 

(9,811

)

Pension/Post- retirement benefits

 

 

15

 

 

 

 

 

 

 

 

 

 

 

 

15

 

 

 

(116

)

 

 

131

 

 

 

 

 

 

131

 

 

 

15

 

Interest rate swaps

 

 

(2,157

)

 

 

 

 

 

116

 

 

 

116

 

 

 

(2,041

)

 

 

(2,390

)

 

 

 

 

 

349

 

 

 

349

 

 

 

(2,041

)

Total

 

 

(11,728

)

 

 

(73

)

 

 

135

 

 

 

62

 

 

 

(11,666

)

 

 

(12,225

)

 

 

55

 

 

 

504

 

 

 

559

 

 

 

(11,666

)

 

Reclassifications from Accumulated Other Comprehensive Income (Loss) to Condensed Consolidated Statement of Income

The following table summarizes the reclassifications from accumulated other comprehensive income (loss) to the condensed consolidated statement of income for the quarters and nine month periods ended December 31, 2015 and 2014:

 

 

 

Quarter Ended

 

 

Nine Months Ended

 

 

 

 

 

December 31,

 

 

December 31

 

 

Affected line item in the condensed

(In thousands)

 

2015

 

 

2014

 

 

2015

 

 

2014

 

 

consolidated statements of income

Realized gains on available for sale securities

 

$

(37

)

 

 

29

 

 

 

155

 

 

 

238

 

 

Interest income and other, net

Amortization of interest rate swap

 

 

277

 

 

 

178

 

 

 

829

 

 

 

537

 

 

Interest and other debt costs

Total pre-tax amounts

 

 

240

 

 

 

207

 

 

 

984

 

 

 

775

 

 

 

Tax effect

 

 

84

 

 

 

72

 

 

 

344

 

 

 

271

 

 

 

Total gains for the period, net of tax

 

$

156

 

 

 

135

 

 

 

640

 

 

 

504