| Organization Consolidation And Presentation Of Financial Statements [Abstract] | Period [Axis] |
|---|
2016-01-01 - 2016-12-31 |
|---|
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Summary of Warranty Expense and Write-Off Activity |
A summary of warranty expense and write-off activity for the years ended December 31, 2016, 2015 and 2014 is as follows:
|
Year Ended December 31, |
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
(In thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at beginning of period |
|
$ |
8,739 |
|
|
$ |
8,415 |
|
|
$ |
8,977 |
|
|
Plus: Amounts charged to cost and expenses |
|
|
8,561 |
|
|
|
2,998 |
|
|
|
3,103 |
|
|
Less: Deductions |
|
|
(8,752 |
) |
|
|
(2,674 |
) |
|
|
(3,665 |
) |
|
Balance at end of period |
|
$ |
8,548 |
|
|
$ |
8,739 |
|
|
$ |
8,415 |
|
|
Changes in Accumulated Other Comprehensive Income, Net of Tax by Component |
The following table presents changes in accumulated other comprehensive income, net of tax, by component for the years ended December 31, 2014, 2015 and 2016:
|
(In thousands) |
|
Unrealized
Gains (Losses)
on Available-
for-Sale
Securities |
|
|
Defined
Benefit Plan
Adjustments |
|
|
Foreign
Currency
Adjustments |
|
|
Total |
|
|
Balance at December 31, 2013 |
|
$ |
10,737 |
|
|
$ |
(891 |
) |
|
$ |
907 |
|
|
$ |
10,753 |
|
|
Other comprehensive income (loss) before
reclassifications |
|
|
2,363 |
|
|
|
(4,866 |
) |
|
|
(4,189 |
) |
|
|
(6,692 |
) |
|
Amounts reclassified from accumulated other
comprehensive income |
|
|
(4,136 |
) |
|
|
— |
|
|
|
— |
|
|
|
(4,136 |
) |
|
Balance at December 31, 2014 |
|
|
8,964 |
|
|
|
(5,757 |
) |
|
|
(3,282 |
) |
|
|
(75 |
) |
|
Other comprehensive income (loss) before
reclassifications |
|
|
(844 |
) |
|
|
1,589 |
|
|
|
(3,724 |
) |
|
|
(2,979 |
) |
|
Amounts reclassified from accumulated other
comprehensive income |
|
|
(6,188 |
) |
|
|
273 |
|
|
|
— |
|
|
|
(5,915 |
) |
|
Balance at December 31, 2015 |
|
|
1,932 |
|
|
|
(3,895 |
) |
|
|
(7,006 |
) |
|
|
(8,969 |
) |
|
Other comprehensive income (loss) before
reclassifications |
|
|
1,515 |
|
|
|
(1,229 |
) |
|
|
(569 |
) |
|
|
(283 |
) |
|
Amounts reclassified from accumulated other
comprehensive income |
|
|
(3,043 |
) |
|
|
107 |
|
|
|
— |
|
|
|
(2,936 |
) |
|
Balance at December 31, 2016 |
|
$ |
404 |
|
|
$ |
(5,017 |
) |
|
$ |
(7,575 |
) |
|
$ |
(12,188 |
) |
|
Reclassifications Out of Accumulated Other Comprehensive Income |
The following tables present the details of reclassifications out of accumulated other comprehensive income for the years ended December 31, 2016, 2015 and 2014:
|
(In thousands) |
|
2016 |
|
Details about Accumulated Other Comprehensive
Income Components |
|
Amount Reclassified
from Accumulated Other
Comprehensive Income |
|
|
Affected Line Item in the
Statement Where Net Income
Is Presented |
|
Unrealized gains (losses) on available-for-sale securities: |
|
|
|
|
|
|
|
Net realized gain on sales of securities |
|
$ |
5,408 |
|
|
Net realized investment gain |
|
Impairment expense |
|
|
(419 |
) |
|
Net realized investment gain |
|
Defined benefit plan adjustments – actuarial losses |
|
|
(156 |
) |
|
(1) |
|
Total reclassifications for the period, before tax |
|
|
4,833 |
|
|
|
|
Tax (expense) benefit |
|
|
(1,897 |
) |
|
|
|
Total reclassifications for the period, net of tax |
|
$ |
2,936 |
|
|
|
|
(1) |
Included in the computation of net periodic pension cost. See Note 11 of Notes to Consolidated Financial Statements. |
|
(In thousands) |
|
2015 |
|
Details about Accumulated Other Comprehensive
Income Components |
|
Amount Reclassified
from Accumulated Other
Comprehensive Income |
|
|
Affected Line Item in the
Statement Where Net Income
Is Presented |
|
Unrealized gains (losses) on available-for-sale securities: |
|
|
|
|
|
|
|
Net realized gain on sales of securities |
|
$ |
10,348 |
|
|
Net realized investment gain |
|
Impairment expense |
|
|
(203 |
) |
|
Net realized investment gain |
|
Defined benefit plan adjustments – actuarial losses |
|
|
(396 |
) |
|
(1) |
|
Total reclassifications for the period, before tax |
|
|
9,749 |
|
|
|
|
Tax (expense) benefit |
|
|
(3,834 |
) |
|
|
|
Total reclassifications for the period, net of tax |
|
$ |
5,915 |
|
|
|
|
(1) |
Included in the computation of net periodic pension cost. See Note 11 of Notes to Consolidated Financial Statements. |
|
(In thousands) |
|
2014 |
|
Details about Accumulated Other Comprehensive
Income Components |
|
Amount Reclassified
from Accumulated Other
Comprehensive Income |
|
|
Affected Line Item in the
Statement Where Net Income
Is Presented |
|
Unrealized gains (losses) on available-for-sale securities: |
|
|
|
|
|
|
|
Net realized gain on sales of securities |
|
$ |
6,895 |
|
|
Net realized investment gain |
|
Impairment expense |
|
|
(115 |
) |
|
Net realized investment gain |
|
Total reclassifications for the period, before tax |
|
|
6,780 |
|
|
|
|
Tax (expense) benefit |
|
|
(2,644 |
) |
|
|
|
Total reclassifications for the period, net of tax |
|
$ |
4,136 |
|
|
|
|
Other Comprehensive Income |
The following tables present the tax effects related to the change in each component of other comprehensive income for the years ended December 31, 2016, 2015 and 2014:
|
|
|
2016 |
|
|
(In thousands) |
|
Before-Tax
Amount |
|
|
Tax
(Expense)
Benefit |
|
|
Net-of-Tax
Amount |
|
|
Unrealized gains (losses) on available-for-sale securities |
|
$ |
2,484 |
|
|
$ |
(969 |
) |
|
$ |
1,515 |
|
|
Reclassification adjustment for amounts related to available-for-sale investments included in net income |
|
|
(4,989 |
) |
|
|
1,946 |
|
|
|
(3,043 |
) |
|
Defined benefit plan adjustments |
|
|
(1,782 |
) |
|
|
553 |
|
|
|
(1,229 |
) |
|
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net income |
|
|
156 |
|
|
|
(49 |
) |
|
|
107 |
|
|
Foreign currency translation adjustment |
|
|
(569 |
) |
|
|
— |
|
|
|
(569 |
) |
|
Total Other Comprehensive Income (Loss) |
|
$ |
(4,700 |
) |
|
$ |
1,481 |
|
|
$ |
(3,219 |
) |
|
|
|
2015 |
|
|
(In thousands) |
|
Before-Tax
Amount |
|
|
Tax
(Expense)
Benefit |
|
|
Net-of-Tax
Amount |
|
|
Unrealized gains (losses) on available-for-sale securities |
|
$ |
(1,384 |
) |
|
$ |
540 |
|
|
$ |
(844 |
) |
|
Reclassification adjustment for amounts related to available-
for-sale investments included in net income |
|
|
(10,145 |
) |
|
|
3,957 |
|
|
|
(6,188 |
) |
|
Defined benefit plan adjustments |
|
|
2,303 |
|
|
|
(714 |
) |
|
|
1,589 |
|
|
Reclassification adjustment for amounts related to defined
benefit plan adjustments included in net income |
|
|
396 |
|
|
|
(123 |
) |
|
|
273 |
|
|
Foreign currency translation adjustment |
|
|
(3,724 |
) |
|
|
— |
|
|
|
(3,724 |
) |
|
Total Other Comprehensive Income (Loss) |
|
$ |
(12,554 |
) |
|
$ |
3,660 |
|
|
$ |
(8,894 |
) |
|
|
|
2014 |
|
|
(In thousands) |
|
Before-Tax
Amount |
|
|
Tax
(Expense)
Benefit |
|
|
Net-of-Tax
Amount |
|
|
Unrealized gains (losses) on available-for-sale securities |
|
$ |
3,874 |
|
|
$ |
(1,511 |
) |
|
$ |
2,363 |
|
|
Reclassification adjustment for amounts related to available-
for-sale investments included in net income |
|
|
(6,780 |
) |
|
|
2,644 |
|
|
|
(4,136 |
) |
|
Defined benefit plan adjustments |
|
|
(7,052 |
) |
|
|
2,186 |
|
|
|
(4,866 |
) |
|
Foreign currency translation adjustment |
|
|
(4,189 |
) |
|
|
— |
|
|
|
(4,189 |
) |
|
Total Other Comprehensive Income (Loss) |
|
$ |
(14,147 |
) |
|
$ |
3,319 |
|
|
$ |
(10,828 |
) |
|
Summary of Dividends Paid Per Common Share |
The following table shows dividends paid to our shareholders in each quarter of 2016, 2015 and 2014.
|
Dividends per Common Share |
|
|
|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
First Quarter |
|
$ |
0.09 |
|
|
$ |
0.09 |
|
|
$ |
0.09 |
|
|
Second Quarter |
|
$ |
0.09 |
|
|
$ |
0.09 |
|
|
$ |
0.09 |
|
|
Third Quarter |
|
$ |
0.09 |
|
|
$ |
0.09 |
|
|
$ |
0.09 |
|
|
Fourth Quarter |
|
$ |
0.09 |
|
|
$ |
0.09 |
|
|
$ |
0.09 |
|
|