XML 46 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Equity (Tables)
 6 Months Ended
Jun. 30, 2016
Equity [Abstract]  
Equity
The changes in the equity components for the six months ended June 30, 2016 were as follows:
 
 
The Timken Company Shareholders
 
  
Total
Stated
Capital
Other
Paid-In
Capital
Earnings
Invested
in the
Business
Accumulated
Other
Comprehensive
(Loss)
Treasury
Stock
Non-
controlling
Interest
Balance at December 31, 2015
$
1,344.6

$
53.1

$
905.1

$
1,457.6

$
(287.0
)
$
(804.3
)
$
20.1

Net income (loss)
107.8

 
 
107.9

 
 
(0.1
)
Foreign currency translation adjustment
(3.6
)
 
 
 
(4.9
)
 
1.3

Pension and postretirement liability
adjustment (net of the income tax
benefit of $3.4 million)
12.0

 
 
 
12.0

 
 
Change in fair value of derivative
financial instruments, net of
reclassifications
(1.6
)
 
 
 
(1.6
)
 
 
Investment in joint venture by
  noncontrolling interest party
4.8

 
 
 
 
 
4.8

Dividends declared to noncontrolling
interest
(0.3
)
 
 
 
 
 
(0.3
)
Dividends – $0.52 per share
(41.1
)
 
 
(41.1
)
 
 
 
Excess tax shortfall from stock
compensation
(0.8
)
 
(0.8
)
 
 
 
 
Stock-based compensation expense
6.7

 
6.7

 
 
 
 
Stock purchased at fair market value
(68.2
)
 
 
 
 
(68.2
)
 
Stock option exercise activity
0.4

 
(0.6
)
 
 
1.0

 
Restricted shares (issued) surrendered
—

 
(8.6
)
 
 
8.6

 
Shares surrendered for taxes
(1.5
)
 
 
 
 
(1.5
)
 
Balance at June 30, 2016
$
1,359.2

$
53.1

$
901.8

$
1,524.4

$
(281.5
)
$
(864.4
)
$
25.8