part iI / item 8 CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY 37 (in thousands, except share data) Common Shares Issued at Par Value Capital Surplus Retained Earnings Accumulated Other Comprehensive Income (Loss) Treasury Stock Total Shareholders’ Equity Noncontrolling Interest Total Equity BALANCE JANUARY 1, 2010 72,426 $161,409 $1,022,838 $ 5,130 $ (376,041) $885,762 $7,940 $893,702 Net income 154,170 154,170 20 154,190 Cash dividends (50,378) (50,378) (50,378) Reacquisition on open market 1,396,608 shares (49,988) (49,988) (49,988) Exercise of stock options, net of shares reacquired, 1,040,684 23,820 23,820 23,820 Stock option amortization 6,102 6,102 6,102 Tax benefit — stock options and restricted stock 3,290 3,290 3,290 Restricted stock, net 3,342 2,436 5,778 5,778 Changes in pension and postretirement plan assets and benefit obligation, net of tax 16,605 16,605 16,605 Currency translation adjustment (10,217) (10,217) 126 (10,091) BALANCE DECEMBER 31, 2010 72,426 $ 174,143 $1,126,630 $ 11,518 $ (399,773) $984,944 $8,086 $993,030 Net income 26,315 26,315 201 26,516 Cash dividends (56,992) (56,992) (56,992) Reacquisition on open market 1,706,973 shares (79,999) (79,999) (79,999) Exercise of stock options, net of shares reacquired, 1,101,817 26,205 26,205 26,205 Stock option amortization 6,899 6,899 6,899 Tax benefit — stock options and restricted stock 6,097 6,097 6,097 Restricted stock, net 2,155 2,959 5,114 5,114 Changes in pension and postretirement plan assets and benefit obligation, net of tax (92,757) (92,757) (92,757) Currency translation adjustment (12,273) (12,273) 216 (12,057) BALANCE DECEMBER 31, 2011 72,426 $189,294 $1,095,953 $ (93,512) $(450,608) $813,553 $8,503 $822,056 Net income 216,993 216,993 828 217,821 Cash dividends (61,974) (61,974) (61,974) Reacquisition on open market 1,271,592 shares (49,991) (49,991) (49,991) Exercise of stock options, net of shares reacquired, 672,960 16,566 16,566 16,566 Stock option amortization 8,571 8,571 8,571 Tax benefit — stock options and restricted stock 3,603 3,603 3,603 Restricted stock, net 3,004 2,623 5,627 5,627 Changes in pension and postretirement plan assets and benefit obligation, net of tax (39,384) (39,384) (39,384) Currency translation adjustment 4,819 4,819 (338) 4,481 BALANCE DECEMBER 31, 2012 72,426 $204,472 $1,250,972 $(128,077) $ (481,410) $918,383 $8,993 $ 927,376 See Notes to Consolidated Financial Statements