Blount International 10-Q 10 Aug 15 2014 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 04, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	BLOUNT INTERNATIONAL INC
Entity Central Index Key	1,001,606
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,014
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		48,251,734

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Sales	$ 212,715	$ 235,423	$ 418,705	$ 467,382
Cost of goods sold	155,102	166,632	305,764	331,698
Gross profit	57,613	68,791	112,941	135,684
Selling, general, and administrative expenses	42,972	45,977	87,468	90,545
Facility closure and restructuring charges	0	463	0	2,000
Impairment of acquired intangible assets	61,974		61,974
Operating income (loss)	(47,333)	22,351	(36,501)	43,139
Interest income	25	17	45	54
Interest expense	(3,860)	(4,479)	(8,088)	(9,004)
Other income (expense), net	(3,286)	242	3,515	244
Income (loss) before income taxes	(54,454)	18,131	(41,029)	34,433
Provision (benefit) for income taxes	(4,912)	5,841	(529)	11,557
Net income (loss)	$ (49,542)	$ 12,290	$ (40,500)	$ 22,876
Basic income per share	$ (1.02)	$ 0.25	$ (0.83)	$ 0.46
Diluted income per share	$ (1.02)	$ 0.25	$ (0.83)	$ 0.46
Weighted average shares used in per share calculations:
Basic (in shares)	48,682	49,635	49,019	49,633
Diluted (in shares)	48,682	50,143	49,019	50,198

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (49,542)	$ 12,290	$ (40,500)	$ 22,876
Unrealized gains (losses):
Unrealized holding gains (losses)	756	693	(1,290)	91
Losses reclassified to net income (loss)	675	306	1,426	916
Unrealized gains, net	1,431	999	136	1,007
Gain from plan amendment	11,829	0	11,829	0
Net actuarial gains	1,830	0	1,830	142
Amortization of net actuarial losses	2,423	1,483	5,113	3,170
Amortization of prior service cost	(359)	(358)	(719)	(718)
Pension liability adjustment	15,723	1,125	18,053	2,594
Foreign currency translation adjustment	2,216	(581)	(8,079)	(627)
Other comprehensive income (loss), before tax	19,370	1,543	10,110	2,974
Income tax provision on other comprehensive items	(4,615)	(739)	(4,832)	(1,233)
Other comprehensive income (loss), net of tax	14,755	804	5,278	1,741
Comprehensive income (loss)	$ (34,787)	$ 13,094	$ (35,222)	$ 24,617

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 40,801	$ 27,254
Accounts receivable, net	124,156	123,099
Inventories	180,759	163,572
Deferred income taxes	21,665	19,666
Prepaid expenses	9,455	11,542
Assets held for sale	7,200	7,200
Other current assets	11,426	10,478
Total current assets	395,462	362,811
Property, plant, and equipment, net	171,600	169,440
Deferred income taxes	596	3,022
Intangible assets, net	79,347	97,052
Goodwill	91,759	142,468
Other assets	19,766	18,877
Total Assets	758,530	793,670
Current liabilities:
Current maturities of long-term debt	(15,482)	(15,131)
Accounts payable	54,520	52,690
Accrued expenses	36,411	38,158
Payroll accruals	27,558	39,080
Total current liabilities	133,971	145,059
Long-term debt, excluding current maturities	420,505	369,072
Deferred income taxes	26,884	29,978
Employee benefit obligations	65,503	82,095
Other liabilities	7,848	9,909
Total Liabilities	$ 654,711	$ 636,113
Commitments and contingent liabilities
Stockholders' equity:
Total stockholders' equity	$ 103,819	$ 157,557
Total Liabilities and Stockholders' Equity	758,530	793,670
Common Stock [Member]
Stockholders' equity:
Total stockholders' equity	483	496
Additional Paid-in Capital [Member]
Stockholders' equity:
Total stockholders' equity	603,507	619,223
Retained Earnings [Member]
Stockholders' equity:
Total stockholders' equity	(422,828)	(379,541)
Accumulated Other Comprehensive Income (Loss) [Member]
Stockholders' equity:
Total stockholders' equity	$ (77,343)	$ (82,621)

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) (Unaudited) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common Stock [Member]
Common Stock, Shares, Outstanding	48,251,734	49,629,895

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income (loss)	$ (40,500)	$ 22,876
Adjustments to reconcile to net cash provided by operating activities:
Depreciation	15,538	15,126
Amortization	6,466	7,369
Stock-based compensation expense	2,783	2,417
Debt modification charge	2,013	0
Asset impairment charges	61,974	1,090
Deferred income taxes	(592)	(237)
Other non-cash items	(820)	342
Changes in assets and liabilities, net of acquisitions:
(Increase) decrease in accounts receivable, net	(4,119)	(25,423)
(Increase) decrease in inventories	(19,408)	(5,264)
(Increase) decrease in other assets	773	1,490
Increase (decrease) in accounts payable	2,541	15,179
Increase (decrease) in accrued expenses	(17,690)	(4,016)
Increase (decrease) in other liabilities	1,095	(2,212)
Net cash provided by operating activities	10,054	28,737
Cash flows from investing activities:
Purchases of property, plant, and equipment	(18,681)	(14,846)
Proceeds from sale of assets	76	114
Acquisition, net of cash acquired	0	(2,741)
Collection of escrow proceeds from prior sale of discontinued operations	0	100
Net cash used in investing activities	(18,605)	(17,373)
Cash flows from financing activities:
Net repayment under revolving credit facilities	(2,500)	(21,400)
Repayment of term loan principal and capital lease obligations	(245,687)	(7,520)
Proceeds from issuance of new term debt	300,000	0
Repurchase of common stock	(20,567)	0
Debt issuance costs	(5,169)	0
Excess tax benefit from stock-based compensation	0	35
Proceeds from stock-based compensation activity	0	52
Taxes paid on stock-based compensation activity	(390)	(336)
Net cash provided by (used in) financing activities	25,687	(29,169)
Effect of exchange rate changes	(3,589)	(649)
Net increase (decrease) in cash and cash equivalents	13,547	(18,454)
Cash and cash equivalents at beginning of period	27,254	42,797
Cash and cash equivalents at end of period	$ 40,801	$ 24,343

Statement of Changes in Stockho

Statement of Changes in Stockholders' Equity Statement - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Balance at beginning of period, Shares at Dec. 31, 2014		49,629,895
Balance at beginning of period, Value at Dec. 31, 2014	$ 157,557	$ 496	$ 619,223	$ (379,541)	$ (82,621)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(40,500)			(40,500)
Foreign currency translation adjustment	(8,079)				(8,079)
Unrealized gains, net	136				136
Gain from plan amendment	11,829				11,829
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, before Tax, Portion Attributable to Parent	(18,053)				4,394
Amortization of net actuarial losses and prior service cost	4,394
Income tax provision on other comprehensive items	(4,832)				(4,832)
Repurchases of common stock, Shares		(1,443,667)
Total expended	(20,567)	$ (14)	(17,766)	(2,787)
Stock options, stock appreciation rights, and restricted stock, Shares		66,000
Stock options, stock appreciation rights, restricted stock, and related tax effects	(732)	$ 1	(733)
Stock compensation expense	2,783
Balance at end of period, Shares at Jun. 30, 2015		48,251,734
Balance at end of period, Value at Jun. 30, 2015	103,819	$ 483	$ 603,507	$ (422,828)	(77,343)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net actuarial gains	1,830				$ 1,830
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax	$ 1,830

Statement of Changes in Stockh8

Statement of Changes in Stockholders' Equity (Parenthetical)	Jun. 30, 2015shares
Statement of Stockholders' Equity [Abstract]
Treasury stock shares held	2,067,068

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2015
Basis of Presentation [Abstract]
BASIS OF PRESENTATION	NOTE 1: BASIS OF PRESENTATION Basis of Presentation. The unaudited Consolidated Financial Statements include the accounts of Blount International, Inc. and its subsidiaries (collectively, “Blount” or the “Company”) and are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S.” and "U.S. GAAP"). Intercompany balances and transactions have been eliminated. In the opinion of management, the Consolidated Financial Statements contain all adjustments necessary for a fair presentation of the financial position, results of operations, comprehensive income, and cash flows for the periods presented. However, the results of operations included in such financial statements may not necessarily be indicative of annual results. The accompanying financial data as of June 30, 2015 and for the three and six months ended June 30, 2015 and 2014 have been prepared by the Company, without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such SEC rules and regulations covering interim reporting. The December 31, 2014 Consolidated Balance Sheet was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 . Use of Estimates. The preparation of financial statements in conformity with U.S. GAAP requires that management make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as of the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. We base our estimates on various assumptions that are believed to be reasonable under the circumstances. Management routinely and frequently evaluates and updates these estimates and assumptions and it is reasonably possible that these estimates and assumptions will change in the future. Accounts Receivable, Net. The Company estimates the amount of accounts receivable that may not be collectible and records an allowance for doubtful accounts, which is presented net with accounts receivable on the Consolidated Balance Sheets. As of June 30, 2015 and December 31, 2014 , the allowance for doubtful accounts was $2.6 million and $2.9 million , respectively. It is reasonably possible that actual collection experience may differ significantly from management's estimate. One customer accounted for 8.7% and 9.4% of the total accounts receivable, net balance as of June 30, 2015 and December 31, 2014 , respectively. No other customer accounted for more than 3% of accounts receivable, net at June 30, 2015 and December 31, 2014 , respectively. Accumulated Depreciation. The Company reports property, plant, and equipment ("PP&E") net of accumulated depreciation on the Consolidated Balance Sheets. Accumulated depreciation was $299.0 million and $288.2 million as of June 30, 2015 and December 31, 2014 , respectively. Reclassifications. Certain immaterial amounts in the prior period Consolidated Statement of Cash Flows and Note 15 have been reclassified to conform to the current period presentation. Recently Issued Accounting Pronouncements. On May 28, 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers , which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard, as amended, is currently effective for the Company on January 1, 2018. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its Consolidated Financial Statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , which requires an entity to present debt issuance costs on the balance sheet as a direct deduction from the carrying amount of the related debt liability, similar to the current presentation of debt discounts or premiums, instead of as a separate asset. The debt issuance costs will continue to be amortized to interest expense under the new guidance. The new guidance is effective for Blount on January 1, 2016, and requires retrospective application to all prior periods presented. This guidance will affect the Company's presentation of other assets and long-term debt on the Consolidated Balance Sheets. In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory , which changes the measurement principle for inventory from the lower of cost or market principle to the lower of cost and net realizable value principle. The guidance affects entities that use the first-in, first-out ("FIFO") or average cost method, but does not affect entities that use the last-in, first-out or retail inventory method. Since the Company uses the FIFO method for cost measurement, changes in inventory will be measured at the lower of cost and net realizable value, instead of at the lower of cost or market. The new guidance is effective for Blount on January 1, 2017 and requires prospective adoption. This guidance will affect the Company's presentation of inventories on the Consolidated Balance Sheets.

Acquisitions (Notes)

Acquisitions (Notes)	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
ACQUISITIONS	NOTE 2: ACQUISITIONS 2014 Acquisition of Pentruder Inc. On January 29, 2014 , we acquired Pentruder Inc. ("Pentruder") and became the exclusive distributor of Pentruder high-performance concrete cutting systems in North and South America. Pentruder operates a distribution center in Chandler, Arizona, and is reported within the Corporate and Other category as part of the Company's Concrete Cutting and Finishing ("CCF") equipment business. Intangible assets totaling $5.2 million were recorded in conjunction with this acquisition, consisting of a distribution agreement, a non-compete agreement, and goodwill of $ 0.2 million . The distribution agreement is being amortized over 7 years and the non-compete agreement is being amortized over 5 years .

Facility Closure and Restructur

Facility Closure and Restructuring Costs	6 Months Ended
	Jun. 30, 2015
Restructuring and Related Activities [Abstract]
FACILITY CLOSURE AND RESTRUCTURING COSTS	NOTE 3: FACILITY CLOSURE AND RESTRUCTURING COSTS In August 2013, the Company announced its two manufacturing facilities in Portland, Oregon would be consolidated into one location, and its Milwaukie, Oregon location would be closed, to further improve operating efficiencies. Direct costs associated with this action were $0.1 million and $0.9 million in the three and six months ended June 30, 2014 , respectively. Costs for the three and six months ended June 30, 2014 included zero and $0.5 million , respectively, in asset impairment charges on equipment designated for disposal as well as moving costs for equipment relocated to other Blount manufacturing facilities. The total costs incurred throughout this 2013-2014 restructuring activity were $9.4 million . Of these total charges, $4.0 million were cash transition costs, including severance and equipment moving expenses, and $5.4 million were non-cash charges for impairment and accelerated depreciation on PP&E. There were no such costs recorded in the three and six months ended June 30, 2015 . As of December 31, 2014 , all accrued severance and other expenses had been paid, and the Company does not expect to incur further costs on this facility consolidation. In January 2014, the Company announced plans to consolidate its North American lawn and garden blade manufacturing into its Kansas City, Missouri plant and close a small facility located in Queretaro, Mexico. This consolidation was undertaken in order to reduce operating costs and improve efficiencies. During the three and six months ended June 30, 2014 , we recognized direct costs of $0.4 million and $1.1 million associated with this plant closure and consolidation. These costs represented severance, asset impairment charges, lease exit costs, and moving expenses for equipment and inventories. The total costs incurred throughout this 2014 restructuring activity were $1.6 million , including non-cash charges of $0.5 million for impairment of equipment and cash expenses of $1.1 million for lease exit costs, moving expenses, and employee severance. There were no such costs recorded in the three and six months ended June 30, 2015 . As of December 31, 2014 , all accrued severance and other expenses had been paid, and the Company does not expect to incur further costs on this facility consolidation.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 4: INVENTORIES Inventories consisted of the following: Inventories June 30, December 31, (Amounts in thousands) 2015 2014 Raw materials and supplies $ 22,874 $ 21,119 Work in process 19,650 19,616 Finished goods 138,235 122,837 Total inventories $ 180,759 $ 163,572

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS	NOTE 5: INTANGIBLE ASSETS, NET The following table summarizes acquired intangible assets: June 30, 2015 December 31, 2014 Useful Gross Gross Intangible Assets Life Carrying Accumulated Carrying Accumulated (Amounts in thousands) In Years Amount Amortization Amount Amortization Goodwill Indefinite $ 91,759 $ — $ 142,468 $ — Trademarks and trade names Indefinite 25,175 — 37,128 — Total with indefinite lives 116,934 — 179,596 — Distribution and non-compete agreements 2 - 7 6,092 2,159 6,092 1,789 Patents 11 - 13 5,320 2,638 5,320 2,422 Customer relationships 10 - 20 106,178 58,687 106,754 54,108 Other 1 - 5 2,729 2,663 2,912 2,835 Total with finite lives 120,319 66,147 121,078 61,154 Total intangible assets $ 237,253 $ 66,147 $ 300,674 $ 61,154 The following table shows the change in goodwill for the six months ended June 30, 2015 , and the cumulative amount of impairment charges recognized to date: Goodwill Forestry, Lawn, and Garden Segment Farm, Ranch, and Agriculture Segment Corporate Total (Amounts in thousands) December 31, 2014 $ 64,174 $ 78,061 $ 233 $ 142,468 Impairment — (50,423 ) — (50,423 ) Effect of changes in foreign exchange rates (285 ) — (1 ) (286 ) June 30, 2015 $ 63,889 $ 27,638 $ 232 $ 91,759 Cumulative impairments recognized to date $ 1,912 $ 71,276 $ — $ 73,188 In accordance with Accounting Standards Codification 350 ("ASC 350"), the Company performs an impairment analysis of goodwill and other indefinite-lived intangible assets on an annual basis and whenever events or changes in circumstances indicate that it is more likely than not that these assets may be impaired. In addition to goodwill, certain of the Company's acquired trademark and trade name intangible assets are also assigned indefinite useful lives. In the three months ended June 30, 2015, the Company identified indications of potential impairment of certain goodwill and trade name intangible assets included within the Farm, Ranch, and Agriculture ("FRAG") segment. Accordingly, the Company performed an impairment analysis on these assets and recognized non-cash impairment charges totaling $ 62.0 million in the three months ended June 30, 2015. Specifically, the Company recognized an impairment charge totaling $11.6 million on certain trade name and trademark intangible assets and recorded a preliminary impairment charge totaling $ 50.4 million on goodwill. The impairment charges on trade names were based on revised lower short-term expectations about future product sales and profitability for specific brand names, and corresponding reductions in assumed royalty rates used in the related discounted cash flow models using the relief from royalty method. The preliminary impairment charges on goodwill were based on revised lower short-term expectations about future profitability and projected cash flows of certain goodwill reporting units. The Company estimated the fair value of these goodwill reporting units using several different methods, including discounted cash flow models and multiples of earnings based on comparable industry participants and transactions. The Company was not able to complete its goodwill impairment analysis prior to reporting on Form 10-Q for the three months ended June 30, 2015 and, as a result, the impairment charge recognized is preliminary. The Company is continuing to analyze the fair value of the goodwill reporting units involved in the impairments, and expects to finalize the goodwill impairment charges in the third quarter of 2015. It is reasonably possible the final goodwill impairment charges will differ materially from the amounts recorded in the three months ended June 30, 2015. During the third and fourth quarters of 2014, the Company also recognized non-cash impairment charges totaling $21.1 million on certain trade name intangible assets used in the FRAG segment. These impairment charges were based on revised lower short-term expectations about future product sales and profitability for specific brand names, and corresponding reductions in assumed royalty rates used in the related discounted cash flow models using the relief from royalty method. Determining the fair value of goodwill and other indefinite-lived intangible assets is a complex process involving estimating future cash flows and discounting them to present value, as well as applying market multiples to current and projected profitability. The process involves numerous significant assumptions about future events and is highly judgmental in nature. For the majority of the Company's indefinite-lived intangible assets within the FRAG segment, and for certain indefinite-lived intangible assets other than goodwill within the FLAG segment, the current estimated fair values do not exceed the net book values by a significant amount. Adverse future developments or changes in assumptions related to the Company's goodwill reporting units or other indefinite-lived intangible assets could result in additional impairment charges being recognized in the future. See further information regarding the annual impairment analysis of goodwill and other indefinite-lived intangible assets in the Company's annual report on Form 10-K for the year ended December 31, 2014. Amortization expense for finite-lived intangible assets, included in cost of goods sold in the Consolidated Statements of Income, was as follows: Amortization Expense for Intangible Assets Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands) 2015 2014 2015 2014 Amortization expense $ 2,801 $ 3,213 $ 5,609 $ 6,395 Amortization expense for these finite-lived intangible assets is expected to total $ 11.2 million in 2015, $ 9.8 million in 2016, $ 8.2 million in 2017, $ 6.9 million in 2018, and $ 5.8 million in 2019.

Debt

Debt	6 Months Ended
	Jun. 30, 2015
Long-term Debt, Unclassified [Abstract]
DEBT	NOTE 6: DEBT Debt consisted of the following: Debt June 30, December 31, (Amounts in thousands) 2015 2014 Revolving credit facility $ 133,000 $ 135,500 Term loans 300,000 245,453 Capital lease obligations 2,987 3,250 Total debt 435,987 384,203 Less current maturities (15,482 ) (15,131 ) Long-term debt, net of current maturities $ 420,505 $ 369,072 Weighted average interest rate at end of period 2.20 % 2.70 % Senior Credit Facilities. The Company, through its wholly-owned subsidiary, Blount, Inc., maintained a senior secured credit facility which had been amended and restated on several occasions (the "Old Facility"). As of December 31, 2014 , the Old Facility consisted of a revolving credit facility and a term loan. On May 5, 2015 , the Company entered into a new senior secured credit facility (the "New Facility"). Upon closing of the New Facility, the Company repaid all amounts outstanding and terminated the Old Facility. The Company paid fees and expenses totaling $ 5.2 million on the issuance of the New Facility, of which $ 4.1 million was deferred to the balance sheet and $ 1.1 million was expensed. The Company also recognized $ 0.9 million in expense of previously deferred and unamortized financing costs in conjunction with closing on the New Facility. Senior Credit Facility as of June 30, 2015 . As of June 30, 2015 , the New Facility consisted of a $300.0 million revolving credit facility and a $300.0 million term loan. The Company also has the ability, subject to certain limitations, to increase either the term loan or revolving credit facility by up to a total of $200.0 million . The revolving credit facility provides for total available borrowings of up to $300.0 million , reduced by outstanding letters of credit, and further limited by a specific leverage ratio. As of June 30, 2015 , the Company had the ability to borrow an additional $117.0 million under the terms of the revolving credit agreement. Interest is due periodically and interest rates are variable based on a margin added to the LIBOR Rate, or a Base Rate, as defined in the related agreement. The margin added to these reference rates is variable depending on the Company's Consolidated Leverage Ratio, as defined in the related agreement, calculated on a trailing twelve month basis. Additional margin is added to the London Interbank Offered Rate ("LIBOR") or Base Rate as outlined in the table below. Consolidated Leverage Ratio Less than 1.25 Between Between Between 3.50 or above LIBOR + 1.25% LIBOR + 1.50% LIBOR + 1.75% LIBOR + 2.00% LIBOR + 2.25% Base Rate + 0.25% Base Rate + 0.50% Base Rate + 0.75% Base Rate + 1.00% Base Rate + 1.25% As of June 30, 2015 , the Company's consolidated leverage ratio was 3.36 . Interest is payable on the individual maturity dates for each LIBOR-based borrowing and quarterly on Base Rate borrowings. Any outstanding principal under the revolving credit facility is due in its entirety on the maturity date of May 5, 2020 . Under the New Facility, the term loan bears interest under the same terms as the revolving credit facility and also matures on May 5, 2020 . The term loan facility requires quarterly principal payments of $3.8 million , with a final payment of $225.0 million due on the maturity date. Once repaid, principal under the term loan facility cannot be re-borrowed. The Company has entered into a series of interest rate swap agreements that fix the interest rate the Company will pay at between 3.65% and 3.70% on $100.0 million of the term loan principal. The interest rate swap agreements mature in August 2016. The weighted average interest rate at June 30, 2015 , including the effect of the interest rate swap agreements, is 2.55% . See Note 16 for further discussion of the interest rate swap agreements. The New Facility contains financial covenants, including, as of June 30, 2015 : • Minimum consolidated fixed charge coverage ratio, defined as Consolidated Earnings Before Interest, Taxes, Depreciation, and Amortization, with other adjustments allowed under the New Facility ("EBITDA"), less consolidated maintenance capital expenditures ("Adjusted EBITDA"), divided by the sum of cash payments for interest, taxes, and scheduled debt principal payments, calculated on a trailing twelve-month basis. The minimum fixed charge coverage ratio is set at 1.25 through the term of the credit facility. • Maximum consolidated leverage ratio, defined as total consolidated funded indebtedness divided by EBITDA, calculated on a trailing twelve-month basis. The maximum leverage ratio, measured as of the end of any fiscal quarter, is set at 4.25 through December 31, 2015, 4.00 from January 1, 2016 through December 31, 2016, 3.75 from January 1, 2017 through December 31, 2017, and 3.50 thereafter. In addition, there are covenants, restrictions, or limitations relating to acquisitions, investments, liens, indebtedness, dividends on our stock, the sale or repurchase of our stock, the sale of assets, and other categories. In the opinion of management, the Company was not out of compliance with any covenants as of June 30, 2015 , under the New Facility. Non-compliance with these covenants is an event of default under the terms of the New Facility, and could result in severe limitations to our overall liquidity, and the term loan lenders could require immediate repayment of outstanding amounts, potentially requiring the sale of a sufficient amount of our assets to repay the outstanding loans. Amounts borrowed under the New Facility may be prepaid at any time without penalty. There could also be additional mandatory repayment requirements related to the sale of Company assets, the issuance of new debt, or various other items. No additional mandatory payments were required in the six months ended June 30, 2015 or June 30, 2014 under these credit agreement requirements. The New Facility agreement does not contain any provisions that would require early payment due to any adverse change in our credit rating. The New Facility is incurred by the Company's wholly-owned subsidiaries, Blount, Inc. and Omark Properties, Inc. (the "Borrowers"). The Company and all of its domestic subsidiaries, other than the Borrowers, guarantee the Borrowers obligations under the New Facility. The obligations under the New Facility are collateralized by a first priority security interest in substantially all of the assets of Blount, Inc. and its domestic subsidiaries, as well as a pledge of all of Blount, Inc.’s capital stock held by Blount International, Inc. and all of the stock of domestic subsidiaries held by Blount, Inc. Blount, Inc. has also pledged 65% of the stock of its direct non-domestic subsidiaries as additional collateral. Senior Credit Facilities as of December 31, 2014 . At December 31, 2014 , the Old Facility consisted of a revolving credit facility and a term loan. The revolving credit facility provided for total available borrowings of up to $400.0 million , reduced by outstanding letters of credit, and further limited by a specific leverage ratio. The revolving credit facility and term loan bore interest at a floating rate, which, at the option of the Company, could be either LIBOR or an Index Rate, as defined in the credit agreement, plus an additional margin. All amounts borrowed under this agreement were repaid in full upon execution of the New Facility on May 5, 2015 . Capital Lease Obligations . The Company has entered into various equipment and building leases which are classified as capital leases under U.S. GAAP. The Company's capital leases have terms ending in 2018 and 2019 . Minimum annual lease payments total $0.6 million . The weighted average implied interest rate on our capital leases is 5.22% , resulting in a total of $0.4 million of imputed interest over the terms of the lease obligations. The equipment lease terms include early buyouts after five and six years, at the Company's option, at the fair value of the equipment at that time. The leased assets and the lease obligations were recorded at their fair values on the Consolidated Balance Sheets at the commencement of each lease term.

Pension and other Post-Employme

Pension and other Post-Employment Benefit Plans	6 Months Ended
	Jun. 30, 2015
Pension and Other Postretirement Benefit Expense [Abstract]
PENSION AND OTHER POST-EMPLOYMENT BENEFIT PLANS	NOTE 7: PENSION AND OTHER POST-EMPLOYMENT BENEFIT PLANS The Company sponsors defined benefit pension plans covering employees in Canada and certain countries in Europe, and many of its current and former employees in the U.S. The U.S. pension plan was frozen to new participants and to the accumulation of additional vested benefits effective January 1, 2007. The Company also sponsors various other post-employment benefit plans covering certain current and former employees. Effective June 23, 2015, the Company amended its Canadian defined benefit pension plan to provide for the termination and wind-up of the plan. As part of the amendment, current participants will no longer accrue benefits under the plan, effective September 30, 2015, but will be entitled to benefits under a new defined contribution plan in the future. This plan amendment resulted in a pre-tax curtailment gain of $11.8 million , which reduced the Company's net pension benefit obligation and accumulated other comprehensive loss as of June 30, 2015. The curtailment gain also resulted in a $3.4 million reduction in non-current deferred tax assets, with the offset to Accumulated Other Comprehensive Loss, as of June 30, 2015 . The wind-up period is expected to take up to 24 months to complete, at which time the plan will be terminated and the accumulated benefits will be paid out either in lump sum distributions, or with the purchase of annuity contracts. The plan participant will make an election for lump sum or annuity settlement during the second half of 2016. The Company expects to incur an additional charge at the termination and settlement of this plan but is not able to estimate the amount at this time. The Canadian defined benefit pension plan has an accumulated loss, net of tax, in accumulated other comprehensive income on the Consolidated Balance Sheet of $23.5 million as of June 30, 2015. The components of net periodic benefit expense for these plans are as follows: Three Months Ended June 30, Post-Employment Benefit Plan Expense 2015 2014 2015 2014 (Amounts in thousands) Pension Benefits Other Benefits Service cost $ 1,378 $ 1,077 $ 52 $ 39 Interest cost 2,764 2,810 271 275 Expected return on plan assets (4,010 ) (3,785 ) — — Amortization of net actuarial losses 2,192 1,350 231 133 Amortization of prior service cost — 1 (359 ) (359 ) Total net periodic benefit cost $ 2,324 $ 1,453 $ 195 $ 88 Six Months Ended June 30, Post-Employment Benefit Plan Expense 2015 2014 2015 2014 (Amounts in thousands) Pension Benefits Other Benefits Service cost $ 2,756 $ 2,152 $ 110 $ 87 Interest cost 5,511 5,622 546 558 Expected return on plan assets (8,021 ) (7,566 ) — — Amortization of net actuarial losses 4,589 2,850 524 320 Amortization of prior service cost — 1 (719 ) (719 ) Total net periodic benefit cost $ 4,835 $ 3,059 $ 461 $ 246

INCOME TAXES (Notes)

INCOME TAXES (Notes)	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 8: INCOME TAXES The provision for income taxes in interim periods is determined based on the estimated annual effective tax rate, adjusted for discrete items in the relevant period. The Company is subject to federal income tax as well as income tax of multiple state and foreign jurisdictions. The interim estimate of the annual effective tax rate may fluctuate significantly due to a variety of factors, including changes in forecasted earnings or losses, changes in geographic mix of earnings or losses, losses incurred in jurisdictions for which no tax benefit is recognized, changes in foreign currency exchange rates, non-deductible and non-taxable items, changes in uncertain tax positions, changes in statutory tax rates or tax laws, changes in tax credits, and the application of valuation allowances on deferred tax assets. The effective tax rate for the three and six months ended June 30, 2015 was 9.0% and 1.3% , respectively. These rates were lower than the U.S. federal statutory rate of 35% due to the inclusion of a net discrete tax benefit of $3.2 million in the current period, the level and mix of earnings and losses by tax jurisdiction, lower tax rates on the earnings of foreign subsidiaries, the benefit of the domestic production activities deduction and non-taxable life insurance proceeds. These decreases are partially offset by state income taxes, the impact of non-tax deductible goodwill, non-deductible permanent differences and losses incurred in foreign jurisdictions for which no tax benefit is recognized. The full year effective tax rate for 2015 is expected to be approximately negative 44.0% . The full year rate reflects the tax impact of a goodwill impairment charge recorded in the current period, including the favorable impact of a discrete adjustment for tax deductible goodwill offset by the unfavorable impact of non-tax deductible goodwill. Excluding the impact of the goodwill impairment, the projected full year effective tax rate is 26.2% , which is lower than the U.S. federal statutory rate of 35.0% , primarily due to lower tax rates on the earnings of foreign subsidiaries, beneficial permanent differences including the domestic production activities deduction and non-taxable life insurance proceeds, and other discrete adjustments. These decreases are partially offset by state income taxes, non-deductible permanent differences, and losses incurred in foreign jurisdictions for which no tax benefit is recognized. The effective tax rate for the three and six months ended June 30, 2014 was 32.2% and 33.6% , respectively. These rates were lower than the U.S. federal statutory rate of 35% due to lower tax rates on the earnings of foreign subsidiaries and the benefit of the domestic production activities deduction, partially offset by increases for state income taxes and foreign withholding taxes on dividend and royalty payments made by certain of our foreign subsidiaries. The Company’s 2008 - 2010 federal income tax returns were examined by the Internal Revenue Service (“IRS"). As of June 30, 2015, there was one remaining unresolved issue from the audit which was in Appeals and under consideration by the U.S. and Belgian competent authorities. On July 28, 2015, we were notified by the IRS that the issue was concluded in our favor and the disagreed item was accepted as originally filed. The Company had not recorded a reserve for this issue, thus, there is no financial statement impact from the conclusion of this matter.

Financial Guarantees and Commit

Financial Guarantees and Commitments	6 Months Ended
	Jun. 30, 2015
Financial Guarantees and Commitments [Abstract]
FINANCIAL GUARANTEES AND COMMITMENTS	NOTE 9: FINANCIAL GUARANTEES AND COMMITMENTS Significant financial guarantees and other commercial commitments are as follows: Financial Guarantees and Commitments June 30, December 31, (Amounts in thousands) 2015 2014 Letters of credit outstanding $ 2,988 $ 2,988 Other financial guarantees 2,783 4,077 Total financial guarantees and commitments $ 5,771 $ 7,065 Changes in the warranty reserve were as follows: Product Warranty Reserves Six Months Ended June 30, (Amounts in thousands) 2015 2014 Balance at beginning of period $ 1,473 $ 1,741 Accrued warranty expense 875 1,117 Payments made (in cash or in-kind) (999 ) (1,220 ) Balance at end of period $ 1,349 $ 1,638 See also Note 6 regarding guarantees of debt.

Contingent Liabilities

Contingent Liabilities	6 Months Ended
	Jun. 30, 2015
Loss Contingency [Abstract]
CONTINGENT LIABILITIES	NOTE 10: CONTINGENT LIABILITIES The Company reserves for the estimated costs of product liability, environmental remediation, and other legal matters as management determines that a loss is probable and the amount can be reasonably estimated. A portion of these claims or lawsuits may be covered by insurance policies that generally contain both self-retention amounts and coverage limits. Management monitors the progress of each legal or environmental matter to ensure that the appropriate liability for its estimated obligation has been recognized and disclosed in the financial statements. Management also monitors trends in case types and environmental regulations to determine if there are any specific issues that relate to the Company that may result in additional future exposure on an aggregate basis. The Company accrues, by a charge to income, an amount representing management’s best estimate of the probable loss related to any matter deemed by management and its counsel as a reasonably probable loss contingency in light of all of the then known circumstances. As of June 30, 2015 and December 31, 2014 , management believes the Company has appropriately recorded and disclosed all material costs for its obligations in regard to known matters. Management believes that the recoverability of the costs of certain claims from insurance companies, subject to self-retention amounts, will continue in the future and periodically assesses these insurance companies to monitor their ability to pay such claims. However, estimates of such liabilities and recoverability from insurance companies are subject to change as more information becomes available in the future, and it is reasonably possible that such estimates will change in future periods. From time to time the Company is named a defendant in product liability claims and lawsuits, some of which seek significant or unspecified damages involving serious personal injuries, for which there are self-retention or deductible amounts under the Company’s insurance policies. Some of these lawsuits arise out of the Company’s duty to indemnify the purchasers of the Company’s discontinued operations for lawsuits involving products manufactured prior to the sale of certain of these businesses. In addition, the Company is a party to a number of other suits or claims arising out of the normal course of its business, including suits and claims concerning commercial contracts, employee matters, and intellectual property rights. In some instances, the Company has been the plaintiff, and has sought recovery of damages. In other instances, the Company is a defendant against whom damages are sought. While there can be no assurance as to their ultimate outcome, management does not believe these claims and lawsuits will have a material adverse effect on the Company’s consolidated financial position, operating results or cash flows in the future. As of June 30, 2015 and December 31, 2014 , the Company has recorded liabilities totaling $2.8 million and $3.1 million , respectively, in accrued expenses on the Consolidated Balance Sheets for estimated product liability costs, which are expected to be paid over the next one to two years. The Company was named a potentially liable person (“PLP”) by the Washington State Department of Ecology (“WDOE”) in connection with the Pasco Sanitary Landfill Site (“Site”). This Site has been monitored by WDOE since 1988. From available records, the Company believes that it sent 26 drums of chromic hydroxide sludge in a non-toxic, trivalent state to the Site. The Company further believes that the Site contains more than 50,000 drums in total and millions of gallons of additional wastes, some potentially highly toxic in nature. The current on-site monitoring program and required deliverables under various orders are being conducted and funded by certain PLPs under the supervision of WDOE. In April 2015, the Company entered into an agreement with certain PLPs to share in the ongoing costs associated with the Site on a 1.1% pro rata participation level. The Company recorded a charge of $0.3 million in the first quarter of 2015 for its pro rata share of life-to-date costs incurred at the Site through 2013 and estimated pro rata share of ongoing costs associated with the Site until a resolution occurs. As of June 30, 2015 and December 31, 2014 , the Company has recorded liabilities totaling $2.1 million and $2.3 million , respectively, in accrued expenses and other liabilities on the Consolidated Balance Sheets for estimated environmental remediation costs pertaining to certain of its facilities as well as the Site, which are expected to be paid over the next ten to twenty years.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Notes)	6 Months Ended
	Jun. 30, 2015
Comprehensive Income Disclosure [Abstract]
ACCUMULATED OTHER COMPREHENSIVE LOSS	NOTE 11: ACCUMULATED OTHER COMPREHENSIVE LOSS The following table summarizes accumulated other comprehensive loss by component, net of related income taxes: Accumulated other comprehensive (loss) gain June 30, December 31, (Amounts in thousands) 2015 2014 Pension and post-retirement benefits $ (68,193 ) $ (81,464 ) Unrealized losses on derivative instruments (1,503 ) (1,589 ) Foreign currency translation (7,647 ) 432 Total accumulated other comprehensive loss $ (77,343 ) $ (82,621 ) The following tables summarize the changes in accumulated other comprehensive loss by component, net of income taxes, for the periods indicated: Six Months Ended June 30, 2015 Changes in Accumulated Other Comprehensive Loss Pension and other post-employment benefits Unrealized losses on derivative financial instruments Foreign currency translation adjustment Total (Amounts in thousands) Accumulated other comprehensive gain (loss) at beginning of period $ (81,464 ) $ (1,589 ) $ 432 $ (82,621 ) Gain from plan amendment 8,872 — — 8,872 Net actuarial gains 1,372 — — 1,372 Other comprehensive gain (loss) before reclassifications 215 (807 ) (8,079 ) (8,671 ) Amounts reclassified from accumulated other comprehensive loss to Consolidated Statement of Income (Loss) 2,812 893 — 3,705 Other comprehensive income (loss), net of tax 13,271 86 (8,079 ) 5,278 Accumulated other comprehensive gain (loss) at end of period $ (68,193 ) $ (1,503 ) $ (7,647 ) $ (77,343 ) Six Months Ended June 30, 2014 Changes in Accumulated Other Comprehensive Loss Pension and other post-employment benefits Unrealized losses on derivative financial instruments Foreign currency translation adjustment Total (Amounts in thousands) Accumulated other comprehensive gain (loss) at beginning of period $ (53,009 ) $ (2,173 ) $ 11,607 $ (43,575 ) Other comprehensive gain (loss) before reclassifications 95 59 (627 ) (473 ) Amounts reclassified from accumulated other comprehensive loss to Consolidated Statement of Income (Loss) 1,645 569 — 2,214 Other comprehensive income (loss), net of tax 1,740 628 (627 ) 1,741 Accumulated other comprehensive gain (loss) at end of period $ (51,269 ) $ (1,545 ) $ 10,980 $ (41,834 ) The following table summarizes the reclassifications from accumulated other comprehensive loss on the Consolidated Balance Sheets to the Consolidated Statements of Income (Loss): Reclassifications From Accumulated Other Comprehensive Loss to Consolidated Statements of Income (Loss) Three Months Ended June 30, Six Months Ended June 30, Affected line item in Consolidated Statements of Income (Loss) (Amounts in thousands) 2015 2014 2015 2014 Unrealized losses on derivative instruments: Foreign currency hedge losses $ (675 ) $ (306 ) $ (1,426 ) $ (916 ) Cost of goods sold Income tax benefit 252 120 533 347 Provision (benefit) for income taxes Unrealized losses on derivative instruments, net $ (423 ) $ (186 ) $ (893 ) $ (569 ) Pension and other post-employment benefits amortization: Amortization of net actuarial losses $ (2,423 ) $ (1,483 ) $ (5,113 ) $ (3,170 ) Cost of goods sold and Selling, general, and administrative ("SG&A") Amortization of prior period service cost 359 358 719 718 Cost of goods sold and SG&A Income tax benefit 536 325 1,582 807 Provision (benefit) for income taxes Pension and other post-employment benefits amortization, net $ (1,528 ) $ (800 ) $ (2,812 ) $ (1,645 ) Total reclassifications for the period, net $ (1,951 ) $ (986 ) $ (3,705 ) $ (2,214 ) See Note 7 for discussion of pension and other post-employment benefit plans and Note 16 for discussion of derivative instruments.

Common Stock (Notes)

Common Stock (Notes)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Common Stock	NOTE 12: COMMON STOCK Shares used in the denominators of the basic and diluted earnings per share computations were as follows: Earnings Per Share Three Months Ended June 30, Six Months Ended June 30, (Shares in thousands) 2015 2014 2015 2014 Actual weighted average common shares outstanding 48,682 49,635 49,019 49,633 Dilutive effect of common stock equivalents — 508 — 565 Diluted weighted average common shares outstanding 48,682 50,143 49,019 50,198 Options and stock appreciation rights ("SARs") excluded from computation as anti-dilutive 3,340 3,132 2,955 2,906 Unvested restricted stock and restricted stock units ("RSUs") considered to be participating securities 304 247 304 247 Effect of allocation of undistributed earnings to participating securities under the two class method: Basic earnings per share $ — $ — $ — $ — Diluted earnings per share $ — $ (0.01 ) $ — $ (0.01 ) No adjustment was required to reported amounts for inclusion in the numerators of the per share computations. Share Repurchase Program. On August 6, 2014 , the Company's Board of Directors authorized a share repurchase program, pursuant to which the Company may, from time to time, purchase shares of its common stock in an amount not to exceed $75.0 million , in aggregate, through December 31, 2016 . Under this program, the Company may repurchase shares of its common stock, using a variety of open market purchase methods through a broker dealer at prevailing market prices, and may fix the price from time to time based on a variety of factors such as price, corporate trading policy requirements, and overall market conditions. As of June 30, 2015 , the Company had expended a total of $24.4 million and acquired 1,684,688 shares under this program, leaving a remaining Board authorization of up to $50.6 million for future share repurchases. The following table summarizes activity under the share repurchase program for the periods indicated: Share Repurchase Program Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands, except share data) 2015 2014 2015 2014 Shares repurchased 376,014 — 1,443,667 — Average price per share $ 11.78 $ — $ 14.25 $ — Total expended $ 4,431 $ — $ 20,567 $ —

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Share-based Compensation [Abstract]
STOCK-BASED COMPENSATION	NOTE 13: STOCK-BASED COMPENSATION The Company made the following stock-based compensation awards in the periods indicated: Stock-Based Compensation Six Months Ended June 30, (Amounts in thousands) 2015 2014 SARs granted (number of shares) 912 749 RSUs granted (number of shares) 182 150 Aggregate fair value at time of grant; SARs $ 4,511 $ 4,346 Aggregate fair value at time of grant; RSUs $ 2,325 $ 1,862 The SARs and RSUs granted in 2015 and 2014 vest quarterly over a three-year period and are generally restricted from exercise, sale, or other transfer for three years from the grant date. The SARs granted have a ten -year term before expiration. The following assumptions were used to estimate the fair value of SARs using the Black-Scholes option valuation model in the six months ended June 30, 2015 and 2014 : Assumptions Used to Value SARs 2015 2014 Estimated average life 6 years 6 years Risk-free interest rate 1.7% 1.9% Expected and weighted average volatility 36.7% 46.8% Dividend yield 0.0% 0.0% Estimated forfeiture rate 8.45% 4.29% Weighted average exercise price $12.99 $12.44 Weighted average grant date fair value $4.95 $5.80 As of June 30, 2015 , the total unrecognized stock-based compensation expense related to previously granted awards was $9.8 million . The weighted average period over which this expense is expected to be recognized is 25 months . The Company’s policy upon the exercise of options, RSUs, or SARs has been to issue new shares into the public market as authorized under the stockholder-approved 2014 Equity Incentive Plan.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
SEGMENT INFORMATION	NOTE 14: SEGMENT INFORMATION We are a global industrial company that designs, manufactures, purchases, and markets equipment, replacement and component parts, and accessories to professionals and consumers in select end-markets and to original equipment manufacturers (“OEMs”) for use on original equipment. Our products are sold in more than 110 countries and approximately 54% of 2014 sales were shipped to customers outside of the U.S. The Company identifies reporting segments primarily based on organizational structure, reporting structure, and the evaluation of the Chief Operating Decision Maker (Chief Executive Officer). Our organizational structure reflects our view of the end-user market segments we serve, and we currently operate in two primary business segments. The Forestry, Lawn, and Garden ("FLAG") segment manufactures and markets cutting chain, guide bars, and drive sprockets for chain saw use, and lawnmower, edger, and brush cutting blades for outdoor power equipment. The FLAG segment also purchases branded replacement parts and accessories, as well as a line of internally developed cordless power tools, from other manufacturers and markets them to our FLAG customers through our global sales and distribution network. The FLAG segment represented 69.0% of our consolidated sales for the six months ended June 30, 2015 . The Company's FRAG segment manufactures and markets attachments for tractors in a variety of mowing, cutting, clearing, material handling, landscaping and grounds maintenance applications, as well as log splitters, post-hole diggers, self-propelled lawnmowers, attachments for off-highway construction equipment applications, and other general purpose tractor attachments. In addition, the FRAG segment manufactures a variety of attachment cutting blade component parts for agricultural equipment. The FRAG segment also purchases replacement parts and accessories from other manufacturers and markets them to FRAG customers through our global sales and distribution network. The FRAG segment represented 27.1% of our consolidated sales for the six months ended June 30, 2015 . The Company also operates a Concrete Cutting and Finishing ("CCF") equipment business, which represented 3.9% of consolidated sales for the six months ended June 30, 2015 , and is reported within the Corporate and Other category. The CCF business manufactures and markets diamond cutting chain and assembles and markets concrete cutting chain saws and accessories for the construction equipment market. The CCF business also purchases high frequency specialty concrete cutting saws and accessories from other manufacturers and markets them to CCF customers through our global sales and distribution network. The Corporate and Other category also includes the costs of providing certain centralized administrative functions, including accounting, banking, our continuous improvement program, credit management, executive management, finance, information systems, insurance, legal, our mergers and acquisitions program, treasury, and other functions. Costs of centrally provided shared services are allocated to reporting segments based on various drivers, such as revenues, purchases, headcount, computer software licenses, and other relevant measures of the use of such services. We also include facility closure and restructuring costs recognized within this Corporate and Other category because we do not consider such events to be ongoing aspects of our business segments’ activities. The accounting policies of the segments are the same as those described in the summary of significant accounting policies included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014 . The following table presents selected financial information by segment for the periods indicated: Segment Information Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands) 2015 2014 2015 2014 Sales: FLAG $ 146,375 $ 160,112 $ 288,735 $ 325,327 FRAG 57,565 67,349 113,456 127,230 Corporate and other 8,775 7,962 16,514 14,825 Total sales $ 212,715 $ 235,423 $ 418,705 $ 467,382 Contribution to operating income (loss): FLAG $ 18,886 $ 23,834 $ 37,141 $ 51,912 FRAG (61,925 ) 2,607 (63,845 ) 1,708 Corporate and other (4,294 ) (4,090 ) (9,797 ) (10,481 ) Total operating income (loss) $ (47,333 ) $ 22,351 $ (36,501 ) $ 43,139 Depreciation and amortization: FLAG $ 6,582 $ 6,505 $ 13,146 $ 13,020 FRAG 3,713 4,029 7,292 7,861 Corporate and other 718 986 1,566 1,614 Total depreciation and amortization $ 11,013 $ 11,520 $ 22,004 $ 22,495 The results in the FRAG segment for both the three and six months ended June 30, 2015 include non-cash impairment charges of $62.0 million on goodwill and indefinite-lived intangible assets other than goodwill. See Note 5 for further discussion of intangible assets.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	6 Months Ended
	Jun. 30, 2015
Supplemental Cash Flow Information [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	NOTE 15: SUPPLEMENTAL CASH FLOW INFORMATION Supplemental Cash Flow Information Six Months Ended June 30, (Amounts in thousands) 2015 2014 Cash paid for: Interest $ 7,439 $ 6,901 Income taxes, net 9,545 10,196 Non-cash investing and financing activities: Acquisition of equipment under capital lease $ — $ 429 Net timing difference on cash payments for purchases of PP&E 3,332 946 The purchase price of the January 2014 Pentruder acquisition included assumption of a liability of $0.5 million , payable in three annual installments through January 2017. During the six months ended June 30, 2014 , we collected $0.1 million previously held in escrow from the sale of our Forestry Division in 2007.

Fair Value of Financial Instrum

Fair Value of Financial Instruments and Concentration of Credit Risk	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS AND CONCENTRATION OF CREDIT RISK	NOTE 16: FAIR VALUE MEASUREMENTS Under U.S. GAAP, the framework for measuring fair value is based on independent observable inputs of market data and follows the hierarchy below: Level 1 – Quoted prices in active markets for identical assets and liabilities. Level 2 – Significant observable inputs based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuations for which all significant assumptions are observable. Level 3 – Significant unobservable inputs that are supported by little or no market activity that are significant to the fair value of the assets or liabilities. Derivative Financial Instruments and Foreign Currency Hedging. The Company has manufacturing and/or distribution operations in Brazil, Canada, China, Europe, Japan, Russia, and the U.S. Foreign currency exchange rate movements create a degree of risk by affecting the U.S. Dollar value of certain balance sheet positions denominated in foreign currencies, and by affecting the translated amounts of revenues and expenses. The Company executes regular cash receipts and payments with its foreign subsidiaries and is exposed to changes in exchange rates from these transactions, which may adversely affect its results of operations and financial position. The Company manages a portion of its foreign currency exchange rate exposures with derivative financial instruments. These instruments are designated as cash flow hedges and are recorded on the Consolidated Balance Sheets at fair value. The Company’s objective in executing these hedging instruments is to minimize earnings volatility resulting from translation and re-measurement of foreign currency denominated transactions. The effective portion of the gains or losses on these contracts due to changes in fair value is initially recorded as a component of accumulated other comprehensive loss and is subsequently reclassified into net earnings when the contracts mature and the Company settles the hedged payment. The classification of effective hedge results is the same in the Consolidated Statements of Income (Loss) as that of the underlying exposure. These contracts are highly effective in hedging the variability in future cash flows attributable to changes in currency exchange rates. The cumulative unrealized pre-tax loss on these derivative contracts included in accumulated other comprehensive loss on the Consolidated Balance Sheets was $0.9 million and $0.8 million as of June 30, 2015 and December 31, 2014 , respectively. The unrealized pre-tax loss included in accumulated other comprehensive loss is expected to be recognized in the Consolidated Statement of Income during the next twelve months. See Note 11 for amounts recognized in the Consolidated Statements of Income (Loss) at the maturity of these foreign currency derivative contracts. Gains and losses on these foreign currency derivative financial instruments are offset in net earnings by the effects of currency exchange rate changes on the underlying transactions, upon settlement. Through June 30, 2015 , the Company has not recognized in earnings any amount from these contracts as a result of hedge ineffectiveness. The aggregate notional amount of these foreign currency contracts outstanding was $32.5 million at June 30, 2015 and $35.9 million at December 31, 2014 . Derivative Financial Instruments and Interest Rates. We entered into a series of interest rate swap contracts whereby the interest rate we pay is fixed at between 3.65% and 3.70% on $100.0 million of term loan principal. The interest rate swap agreements mature in August 2016. These interest rate swap agreements are designated as cash flow hedges and are recorded on the Consolidated Balance Sheets at fair value. Through June 30, 2015 , the Company has not recognized in earnings any amount from these contracts as a result of hedge ineffectiveness. Derivatives held by the Company are summarized as follows: Derivative Financial Instruments Carrying Value on Consolidated Balance Assets (Liabilities) Measured at Fair Value Consolidated Balance Sheets (Amounts in thousands) Sheets Level 1 Level 2 Level 3 Classification Recurring Fair Value Measurements June 30, 2015 Current Assets: Foreign currency hedge agreements $ 8 $ — $ 8 $ — Other current assets Current Liabilities: Interest rate swap agreements $ (1,220 ) — $ (1,220 ) — Accrued expenses Foreign currency hedge agreements (956 ) — (956 ) — Accrued expenses Long-Term Liabilities: Interest rate swap agreements $ (229 ) — $ (229 ) — Other liabilities December 31, 2014 Current Liabilities: Interest rate swap agreements $ (1,265 ) $ — $ (1,265 ) $ — Accrued expenses Foreign currency hedge agreements (767 ) — (767 ) — Accrued expenses Long-Term Liabilities: Interest rate swap agreements $ (496 ) — $ (496 ) — Other liabilities The fair value of the interest rate swap agreements was determined using a market approach based on daily market prices of similar instruments issued by financial institutions in an active market. The fair value of the foreign currency hedge agreements was determined using Black's option pricing model, which utilizes inputs such as market quoted foreign exchange rates, implied volatility, and the risk-free rate. The counterparties to the above mentioned derivative instruments are major financial institutions. The Company evaluates nonperformance risk of its counterparties in calculating fair value adjustments at each reporting period and considers the risk of nonperformance as of June 30, 2015 and December 31, 2014 to be minimal. As of June 30, 2015 and December 31, 2014 , there were no offsetting derivative amounts netted in our assets and liabilities. The Company also does not have any cash collateral received or due under any financial instrument agreement. Senior Credit Facility. The fair value of the senior credit facility principal outstanding is determined by reference to prices of recent transactions for similar debt. The estimated fair values of the senior credit facility loans as of June 30, 2015 and December 31, 2014 are presented below: Fair Value of Debt June 30, 2015 December 31, 2014 (Amounts in thousands) Carrying Amount Fair Value Level 2 Carrying Amount Fair Value Level 2 Senior credit facility debt $ 433,000 $ 433,000 $ 380,953 $ 371,429 Other Financial Instruments. The carrying amount of cash and cash equivalents approximates fair value because of the short-term maturity of those instruments. The carrying amount of accounts receivable approximates fair value because the maturity period is short and the Company has reduced the carrying amount to the estimated net realizable value with an allowance for doubtful accounts. The carrying amount of accounts payable approximates fair value because the short-term nature of the obligations. Non-recurring Fair Value Measurements. The Company also measures the fair value of certain assets on a non-recurring basis, when events or circumstances indicate that the carrying amount of the assets may be impaired. These assets include goodwill, intangible assets, and PP&E. See Note 5 for additional discussion on the circumstances and determination of the Level 3 non-recurring fair value measurement of certain trademarks and trade names used in our FRAG segment as of June 30, 2015 . These assets were measured at fair value as of May 31, 2015.

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2015
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation. The unaudited Consolidated Financial Statements include the accounts of Blount International, Inc. and its subsidiaries (collectively, “Blount” or the “Company”) and are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S.” and "U.S. GAAP"). Intercompany balances and transactions have been eliminated. In the opinion of management, the Consolidated Financial Statements contain all adjustments necessary for a fair presentation of the financial position, results of operations, comprehensive income, and cash flows for the periods presented. However, the results of operations included in such financial statements may not necessarily be indicative of annual results. The accompanying financial data as of June 30, 2015 and for the three and six months ended June 30, 2015 and 2014 have been prepared by the Company, without audit, pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such SEC rules and regulations covering interim reporting. The December 31, 2014 Consolidated Balance Sheet was derived from audited financial statements, but does not include all disclosures required by U.S. GAAP. These Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 .
Use of Estimates	Use of Estimates. The preparation of financial statements in conformity with U.S. GAAP requires that management make certain estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent liabilities as of the dates of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. We base our estimates on various assumptions that are believed to be reasonable under the circumstances. Management routinely and frequently evaluates and updates these estimates and assumptions and it is reasonably possible that these estimates and assumptions will change in the future.
Accounts Receivable, net	. The Company estimates the amount of accounts receivable that may not be collectible and records an allowance for doubtful accounts, which is presented net with accounts receivable on the Consolidated Balance Sheets. As of June 30, 2015 and December 31, 2014 , the allowance for doubtful accounts was $2.6 million and $2.9 million , respectively. It is reasonably possible that actual collection experience may differ significantly from management's estimate.
Accumulated Depreciation	Accumulated Depreciation. The Company reports property, plant, and equipment ("PP&E") net of accumulated depreciation on the Consolidated Balance Sheets. Accumulated depreciation was $299.0 million and $288.2 million as of June 30, 2015 and December 31, 2014 , respectively.
Recently Adopted Accounting Pronouncements	Recently Issued Accounting Pronouncements. On May 28, 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers , which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard, as amended, is currently effective for the Company on January 1, 2018. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its Consolidated Financial Statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs , which requires an entity to present debt issuance costs on the balance sheet as a direct deduction from the carrying amount of the related debt liability, similar to the current presentation of debt discounts or premiums, instead of as a separate asset. The debt issuance costs will continue to be amortized to interest expense under the new guidance. The new guidance is effective for Blount on January 1, 2016, and requires retrospective application to all prior periods presented. This guidance will affect the Company's presentation of other assets and long-term debt on the Consolidated Balance Sheets.
Reclassifications	Reclassifications. Certain immaterial amounts in the prior period Consolidated Statement of Cash Flows and Note 15 have been reclassified to conform to the current period presentation.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Components of inventories	Inventories consisted of the following: Inventories June 30, December 31, (Amounts in thousands) 2015 2014 Raw materials and supplies $ 22,874 $ 21,119 Work in process 19,650 19,616 Finished goods 138,235 122,837 Total inventories $ 180,759 $ 163,572

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of intangible assets	The following table summarizes acquired intangible assets: June 30, 2015 December 31, 2014 Useful Gross Gross Intangible Assets Life Carrying Accumulated Carrying Accumulated (Amounts in thousands) In Years Amount Amortization Amount Amortization Goodwill Indefinite $ 91,759 $ — $ 142,468 $ — Trademarks and trade names Indefinite 25,175 — 37,128 — Total with indefinite lives 116,934 — 179,596 — Distribution and non-compete agreements 2 - 7 6,092 2,159 6,092 1,789 Patents 11 - 13 5,320 2,638 5,320 2,422 Customer relationships 10 - 20 106,178 58,687 106,754 54,108 Other 1 - 5 2,729 2,663 2,912 2,835 Total with finite lives 120,319 66,147 121,078 61,154 Total intangible assets $ 237,253 $ 66,147 $ 300,674 $ 61,154
Schedule of Goodwill [Table Text Block]	The following table shows the change in goodwill for the six months ended June 30, 2015 , and the cumulative amount of impairment charges recognized to date: Goodwill Forestry, Lawn, and Garden Segment Farm, Ranch, and Agriculture Segment Corporate Total (Amounts in thousands) December 31, 2014 $ 64,174 $ 78,061 $ 233 $ 142,468 Impairment — (50,423 ) — (50,423 ) Effect of changes in foreign exchange rates (285 ) — (1 ) (286 ) June 30, 2015 $ 63,889 $ 27,638 $ 232 $ 91,759 Cumulative impairments recognized to date $ 1,912 $ 71,276 $ — $ 73,188
Schedule of amortization expense for intangible assets	Amortization expense for finite-lived intangible assets, included in cost of goods sold in the Consolidated Statements of Income, was as follows: Amortization Expense for Intangible Assets Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands) 2015 2014 2015 2014 Amortization expense $ 2,801 $ 3,213 $ 5,609 $ 6,395

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2015
Long-term Debt, Unclassified [Abstract]
Components of long-term debt	Debt consisted of the following: Debt June 30, December 31, (Amounts in thousands) 2015 2014 Revolving credit facility $ 133,000 $ 135,500 Term loans 300,000 245,453 Capital lease obligations 2,987 3,250 Total debt 435,987 384,203 Less current maturities (15,482 ) (15,131 ) Long-term debt, net of current maturities $ 420,505 $ 369,072 Weighted average interest rate at end of period 2.20 % 2.70 %

Pension and Other Post-Employ29

Pension and Other Post-Employment Benefit Plans (Tables)	6 Months Ended
	Jun. 30, 2015
Pension and Other Postretirement Benefit Expense [Abstract]
Components of net periodic benefit cost	Three Months Ended June 30, Post-Employment Benefit Plan Expense 2015 2014 2015 2014 (Amounts in thousands) Pension Benefits Other Benefits Service cost $ 1,378 $ 1,077 $ 52 $ 39 Interest cost 2,764 2,810 271 275 Expected return on plan assets (4,010 ) (3,785 ) — — Amortization of net actuarial losses 2,192 1,350 231 133 Amortization of prior service cost — 1 (359 ) (359 ) Total net periodic benefit cost $ 2,324 $ 1,453 $ 195 $ 88

Financial Guarantees and Comm30

Financial Guarantees and Commitments (Tables)	6 Months Ended
	Jun. 30, 2015
Financial Guarantees and Commitments [Abstract]
Summary of financial guarantees and commitments	Significant financial guarantees and other commercial commitments are as follows: Financial Guarantees and Commitments June 30, December 31, (Amounts in thousands) 2015 2014 Letters of credit outstanding $ 2,988 $ 2,988 Other financial guarantees 2,783 4,077 Total financial guarantees and commitments $ 5,771 $ 7,065
Schedule of Warranty Reserve	Changes in the warranty reserve were as follows: Product Warranty Reserves Six Months Ended June 30, (Amounts in thousands) 2015 2014 Balance at beginning of period $ 1,473 $ 1,741 Accrued warranty expense 875 1,117 Payments made (in cash or in-kind) (999 ) (1,220 ) Balance at end of period $ 1,349 $ 1,638

Accumulated Other Comprehensi31

Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2015
Comprehensive Income Disclosure [Abstract]
Accumulated other comprehensive loss by component, and changes in the period	The following table summarizes accumulated other comprehensive loss by component, net of related income taxes: Accumulated other comprehensive (loss) gain June 30, December 31, (Amounts in thousands) 2015 2014 Pension and post-retirement benefits $ (68,193 ) $ (81,464 ) Unrealized losses on derivative instruments (1,503 ) (1,589 ) Foreign currency translation (7,647 ) 432 Total accumulated other comprehensive loss $ (77,343 ) $ (82,621 ) The following tables summarize the changes in accumulated other comprehensive loss by component, net of income taxes, for the periods indicated: Six Months Ended June 30, 2015 Changes in Accumulated Other Comprehensive Loss Pension and other post-employment benefits Unrealized losses on derivative financial instruments Foreign currency translation adjustment Total (Amounts in thousands) Accumulated other comprehensive gain (loss) at beginning of period $ (81,464 ) $ (1,589 ) $ 432 $ (82,621 ) Gain from plan amendment 8,872 — — 8,872 Net actuarial gains 1,372 — — 1,372 Other comprehensive gain (loss) before reclassifications 215 (807 ) (8,079 ) (8,671 ) Amounts reclassified from accumulated other comprehensive loss to Consolidated Statement of Income (Loss) 2,812 893 — 3,705 Other comprehensive income (loss), net of tax 13,271 86 (8,079 ) 5,278 Accumulated other comprehensive gain (loss) at end of period $ (68,193 ) $ (1,503 ) $ (7,647 ) $ (77,343 ) Six Months Ended June 30, 2014 Changes in Accumulated Other Comprehensive Loss Pension and other post-employment benefits Unrealized losses on derivative financial instruments Foreign currency translation adjustment Total (Amounts in thousands) Accumulated other comprehensive gain (loss) at beginning of period $ (53,009 ) $ (2,173 ) $ 11,607 $ (43,575 ) Other comprehensive gain (loss) before reclassifications 95 59 (627 ) (473 ) Amounts reclassified from accumulated other comprehensive loss to Consolidated Statement of Income (Loss) 1,645 569 — 2,214 Other comprehensive income (loss), net of tax 1,740 628 (627 ) 1,741 Accumulated other comprehensive gain (loss) at end of period $ (51,269 ) $ (1,545 ) $ 10,980 $ (41,834 )
Summary of reclassifications out of accumulated other comprehensive income	The following table summarizes the reclassifications from accumulated other comprehensive loss on the Consolidated Balance Sheets to the Consolidated Statements of Income (Loss): Reclassifications From Accumulated Other Comprehensive Loss to Consolidated Statements of Income (Loss) Three Months Ended June 30, Six Months Ended June 30, Affected line item in Consolidated Statements of Income (Loss) (Amounts in thousands) 2015 2014 2015 2014 Unrealized losses on derivative instruments: Foreign currency hedge losses $ (675 ) $ (306 ) $ (1,426 ) $ (916 ) Cost of goods sold Income tax benefit 252 120 533 347 Provision (benefit) for income taxes Unrealized losses on derivative instruments, net $ (423 ) $ (186 ) $ (893 ) $ (569 ) Pension and other post-employment benefits amortization: Amortization of net actuarial losses $ (2,423 ) $ (1,483 ) $ (5,113 ) $ (3,170 ) Cost of goods sold and Selling, general, and administrative ("SG&A") Amortization of prior period service cost 359 358 719 718 Cost of goods sold and SG&A Income tax benefit 536 325 1,582 807 Provision (benefit) for income taxes Pension and other post-employment benefits amortization, net $ (1,528 ) $ (800 ) $ (2,812 ) $ (1,645 ) Total reclassifications for the period, net $ (1,951 ) $ (986 ) $ (3,705 ) $ (2,214 )

Common Stock (Tables)

Common Stock (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Shares used in the denominators of basic and diluted earnings per share computations	Shares used in the denominators of the basic and diluted earnings per share computations were as follows: Earnings Per Share Three Months Ended June 30, Six Months Ended June 30, (Shares in thousands) 2015 2014 2015 2014 Actual weighted average common shares outstanding 48,682 49,635 49,019 49,633 Dilutive effect of common stock equivalents — 508 — 565 Diluted weighted average common shares outstanding 48,682 50,143 49,019 50,198 Options and stock appreciation rights ("SARs") excluded from computation as anti-dilutive 3,340 3,132 2,955 2,906 Unvested restricted stock and restricted stock units ("RSUs") considered to be participating securities 304 247 304 247 Effect of allocation of undistributed earnings to participating securities under the two class method: Basic earnings per share $ — $ — $ — $ — Diluted earnings per share $ — $ (0.01 ) $ — $ (0.01 )
Share Repurchase Program	The following table summarizes activity under the share repurchase program for the periods indicated: Share Repurchase Program Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands, except share data) 2015 2014 2015 2014 Shares repurchased 376,014 — 1,443,667 — Average price per share $ 11.78 $ — $ 14.25 $ — Total expended $ 4,431 $ — $ 20,567 $ —

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Share-based Compensation [Abstract]
Schedule of stock-based compensation awards	The Company made the following stock-based compensation awards in the periods indicated: Stock-Based Compensation Six Months Ended June 30, (Amounts in thousands) 2015 2014 SARs granted (number of shares) 912 749 RSUs granted (number of shares) 182 150 Aggregate fair value at time of grant; SARs $ 4,511 $ 4,346 Aggregate fair value at time of grant; RSUs $ 2,325 $ 1,862
Assumptions used to estimate fair value of SARs issued	The following assumptions were used to estimate the fair value of SARs using the Black-Scholes option valuation model in the six months ended June 30, 2015 and 2014 : Assumptions Used to Value SARs 2015 2014 Estimated average life 6 years 6 years Risk-free interest rate 1.7% 1.9% Expected and weighted average volatility 36.7% 46.8% Dividend yield 0.0% 0.0% Estimated forfeiture rate 8.45% 4.29% Weighted average exercise price $12.99 $12.44 Weighted average grant date fair value $4.95 $5.80

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Summary of selected financial information by segment	The following table presents selected financial information by segment for the periods indicated: Segment Information Three Months Ended June 30, Six Months Ended June 30, (Amounts in thousands) 2015 2014 2015 2014 Sales: FLAG $ 146,375 $ 160,112 $ 288,735 $ 325,327 FRAG 57,565 67,349 113,456 127,230 Corporate and other 8,775 7,962 16,514 14,825 Total sales $ 212,715 $ 235,423 $ 418,705 $ 467,382 Contribution to operating income (loss): FLAG $ 18,886 $ 23,834 $ 37,141 $ 51,912 FRAG (61,925 ) 2,607 (63,845 ) 1,708 Corporate and other (4,294 ) (4,090 ) (9,797 ) (10,481 ) Total operating income (loss) $ (47,333 ) $ 22,351 $ (36,501 ) $ 43,139 Depreciation and amortization: FLAG $ 6,582 $ 6,505 $ 13,146 $ 13,020 FRAG 3,713 4,029 7,292 7,861 Corporate and other 718 986 1,566 1,614 Total depreciation and amortization $ 11,013 $ 11,520 $ 22,004 $ 22,495

Supplemental Cash Flow Inform35

Supplemental Cash Flow Information (Tables)	6 Months Ended
	Jun. 30, 2015
Supplemental Cash Flow Information [Abstract]
Schedule of supplemental cash flow information	Supplemental Cash Flow Information Six Months Ended June 30, (Amounts in thousands) 2015 2014 Cash paid for: Interest $ 7,439 $ 6,901 Income taxes, net 9,545 10,196 Non-cash investing and financing activities: Acquisition of equipment under capital lease $ — $ 429 Net timing difference on cash payments for purchases of PP&E 3,332 946

Fair Value of Financial Instr36

Fair Value of Financial Instruments and Concentration of Credit Risk (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Summary of derivatives held by the company	Derivatives held by the Company are summarized as follows: Derivative Financial Instruments Carrying Value on Consolidated Balance Assets (Liabilities) Measured at Fair Value Consolidated Balance Sheets (Amounts in thousands) Sheets Level 1 Level 2 Level 3 Classification Recurring Fair Value Measurements June 30, 2015 Current Assets: Foreign currency hedge agreements $ 8 $ — $ 8 $ — Other current assets Current Liabilities: Interest rate swap agreements $ (1,220 ) — $ (1,220 ) — Accrued expenses Foreign currency hedge agreements (956 ) — (956 ) — Accrued expenses Long-Term Liabilities: Interest rate swap agreements $ (229 ) — $ (229 ) — Other liabilities December 31, 2014 Current Liabilities: Interest rate swap agreements $ (1,265 ) $ — $ (1,265 ) $ — Accrued expenses Foreign currency hedge agreements (767 ) — (767 ) — Accrued expenses Long-Term Liabilities: Interest rate swap agreements $ (496 ) — $ (496 ) — Other liabilities
Estimated fair values of senior credit facility loans	The estimated fair values of the senior credit facility loans as of June 30, 2015 and December 31, 2014 are presented below: Fair Value of Debt June 30, 2015 December 31, 2014 (Amounts in thousands) Carrying Amount Fair Value Level 2 Carrying Amount Fair Value Level 2 Senior credit facility debt $ 433,000 $ 433,000 $ 380,953 $ 371,429

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Concentration Risk [Line Items]
Allowance for doubtful accounts	$ 2.6	$ 2.9
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ 299	$ 288.2
Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	3.00%
Customer A [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	8.70%	9.40%

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Thousands	Jan. 29, 2014	Jun. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill and Intangible Assets Gross		$ 237,253	$ 300,674
Goodwill, Acquired During Period	$ 200
Pentruder [Member]
Business Acquisition [Line Items]
Business Acquisition, Date of Acquisition [Abstract]	Jan. 29, 2014
Goodwill and Intangible Assets Gross	$ 5,200

Facility Closure and Restruct39

Facility Closure and Restructuring Costs (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2015	Dec. 31, 2014
2013 Facility Consolidation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date			$ 9.4
Direct costs incurred before reclassifications	$ 0.1	$ 0.9
2014 Facility Consolidation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date				$ 1.6
Direct costs incurred before reclassifications	$ 0.4	1.1
Non Cash Transition Costs [Member] | 2014 Facility Consolidation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date				0.5
Cash transition costs including severance and moving [Member] | 2013 Facility Consolidation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date				4
Cash transition costs including severance and moving [Member] | 2014 Facility Consolidation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date				1.1
Noncash Impairment and Accelerated Depreciation Charges [Member] | 2013 Facility Consolidation [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date				$ 5.4
Direct costs incurred before reclassifications		$ 0.5

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Inventory, Net [Abstract]
Raw materials and supplies	$ 22,874	$ 21,119
Work in process	19,650	19,616
Finished goods	138,235	122,837
Total inventories	$ 180,759	$ 163,572

Intangible Assets (Details)

Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Summary of intangible assets
Goodwill	$ 91,759	$ 142,468
Trademarks and trade names	25,175	37,128
Total with indefinite lives	116,934	179,596
Total with finite lives, Gross Amount	120,319	121,078
Total intangible assets, Gross Amount	237,253	300,674
Total with finite lives, Accumulated Amortization	66,147	61,154
Distribution and non-compete agreements
Summary of intangible assets
Total with finite lives, Gross Amount	6,092	6,092
Total with finite lives, Accumulated Amortization	$ 2,159	1,789
Distribution and non-compete agreements | Minimum
Summary of intangible assets
Life in Years	2 years
Distribution and non-compete agreements | Maximum
Summary of intangible assets
Life in Years	7 years
Patents
Summary of intangible assets
Total with finite lives, Gross Amount	$ 5,320	5,320
Total with finite lives, Accumulated Amortization	$ 2,638	2,422
Patents | Minimum
Summary of intangible assets
Life in Years	11 years
Patents | Maximum
Summary of intangible assets
Life in Years	13 years
Customer relationships
Summary of intangible assets
Total with finite lives, Gross Amount	$ 106,178	106,754
Total with finite lives, Accumulated Amortization	$ 58,687	54,108
Customer relationships | Minimum
Summary of intangible assets
Life in Years	10 years
Customer relationships | Maximum
Summary of intangible assets
Life in Years	19 years
Other
Summary of intangible assets
Total with finite lives, Gross Amount	$ 2,729	2,912
Total with finite lives, Accumulated Amortization	$ 2,663	$ 2,835
Other | Minimum
Summary of intangible assets
Life in Years	1 year
Other | Maximum
Summary of intangible assets
Life in Years	5 years

Intangible Assets Intangible As

Intangible Assets Intangible Assets (Details 2) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Goodwill [Roll Forward]
December 31, 2014	$ 91,759	$ 91,759	$ 142,468
Impairment		(50,423)
Effect of changes in foreign exchange rates		(286)
June 30, 2015	91,759	91,759
Cumulative impairments recognized to date	73,188	73,188
Forestry, Lawn, and Garden Segment
Goodwill [Roll Forward]
December 31, 2014	63,889	63,889	64,174
Impairment		0
Effect of changes in foreign exchange rates		(285)
June 30, 2015	63,889	63,889
Cumulative impairments recognized to date	1,912	1,912
Farm, Ranch, and Agriculture Segment
Goodwill [Roll Forward]
December 31, 2014	27,638	27,638	78,061
Impairment	(50,400)	(50,423)
Effect of changes in foreign exchange rates		0
June 30, 2015	27,638	27,638
Cumulative impairments recognized to date	71,276	71,276
Corporate and Other
Goodwill [Roll Forward]
December 31, 2014	232	232	$ 233
Impairment		0
Effect of changes in foreign exchange rates		(1)
June 30, 2015	232	232
Cumulative impairments recognized to date	$ 0	$ 0

Intangible Assets Intangible 43

Intangible Assets Intangible Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	18 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Goodwill [Line Items]
Goodwill impairment charge		$ 50,423
Forestry, Lawn, and Garden Segment
Goodwill [Line Items]
Goodwill impairment charge		0
Farm, Ranch, and Agriculture Segment
Goodwill [Line Items]
Non-cash impairment charges	$ 62,000
Goodwill impairment charge	50,400	$ 50,423
Trademarks and Trade Names | Farm, Ranch, and Agriculture Segment
Goodwill [Line Items]
Impairment charges on certain trade name and trademark intangible assets	$ 11,600		$ 21,100

Intangible Assets (Details 3)

Intangible Assets (Details 3) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization expense	$ 2,801	$ 3,213	$ 5,609	$ 6,395
Scenario, Forecast [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					$ 5,800	$ 6,900	$ 8,200	$ 9,800	$ 11,200

Debt (Details)

Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Long-term Debt, Unclassified [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity	$ 117,000
Components of long-term debt
Revolving credit facility borrowings	133,000	$ 135,500
Term loans	300,000	245,453
Debt and capital lease obligation of PBL	2,987	3,250
Total debt	435,987	384,203
Less current maturities	(15,482)	(15,131)
Long-term debt, net of current maturities	$ 420,505	$ 369,072
Weighted average interest rate at end of period	2.20%	2.70%

Debt (Details Textual)

Debt (Details Textual)	May. 05, 2015USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	May. 05, 2020USD ($)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Debt issuance costs				$ (5,169,000)	$ 0
Term loans		$ 300,000,000		300,000,000			$ 245,453,000
Maximum borrowings		117,000,000		117,000,000
Operating Leases, Future Minimum Payments Due, Next Twelve Months		$ 600,000		$ 600,000
Debt, Weighted Average Interest Rate		2.55%		2.55%
Interest Expense, Lessee, Assets under Capital Lease			$ 400,000
Revolving credit facility
Debt Instrument [Line Items]
Maximum borrowings		$ 300,000,000		$ 300,000,000			$ 400,000,000
Consolidated Leverage Ratio				3.36
Maturity date				May 5, 2020
Senior Credit Facilities
Debt Instrument [Line Items]
Percentage of pledge of stock as additional collateral				65.00%
Senior Credit Facilities | After December 31, 2013
Debt Instrument [Line Items]
Fixed charge coverage ratio				1.25
Senior Credit Facilities | Through June 30, 2015
Debt Instrument [Line Items]
Maximum leverage ratio				4.25
Senior Credit Facilities | Through September 30, 2015
Debt Instrument [Line Items]
Maximum leverage ratio				4
Senior Credit Facilities | Through December 31, 2015
Debt Instrument [Line Items]
Maximum leverage ratio				3.75
Senior Credit Facilities | After December 31, 2015
Debt Instrument [Line Items]
Maximum leverage ratio				3.5
May 2015 Senior Credit Facility [Member] | Senior Debt Obligations [Member]
Debt Instrument [Line Items]
Payments of Debt Issuance Costs	$ 5,200,000
Debt issuance costs	1,100,000
Unamortized Debt Issuance Expense	4,100,000
Amortization of Financing Costs	$ 900,000
May 2015 Senior Credit Facility [Member] | BANK OF AMERICA - MERRILL LYNCH ATS [Member]
Debt Instrument [Line Items]
Maximum borrowings		200,000,000		$ 200,000,000
May 2015 Senior Credit Facility [Member] | BANK OF AMERICA - MERRILL LYNCH ATS [Member] | Notes Payable to Banks [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Current Borrowing Capacity		300,000,000		300,000,000
May 2015 Senior Credit Facility [Member] | BANK OF AMERICA - MERRILL LYNCH ATS [Member] | May 2015 Senior Credit Facility [Member]
Debt Instrument [Line Items]
Quarterly principal payment required		3,800,000
May 2015 Senior Credit Facility [Member] | Subsequent Event [Member] | BANK OF AMERICA - MERRILL LYNCH ATS [Member]
Debt Instrument [Line Items]
Final payment due on maturity date						$ 225,000,000
Interest Rate Swap [Member]
Debt Instrument [Line Items]
Term loans		$ 100,000,000		$ 100,000,000
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Debt, Weighted Average Interest Rate		5.22%		5.22%
Interest Rate Cap [Member] | Minimum
Debt Instrument [Line Items]
Derivative, Fixed Interest Rate		3.65%		3.65%
Interest Rate Cap [Member] | Maximum [Member]
Debt Instrument [Line Items]
Derivative, Fixed Interest Rate		3.70%		3.70%
London Interbank Offered Rate (LIBOR) [Member] | Consolidated Leverage Ratio - Less than 1.25 [Member]
Debt Instrument [Line Items]
Spread on variable rate (percentage)	1.25%
London Interbank Offered Rate (LIBOR) [Member] | Consolidated Leverage Ratio - Between 1.25 and 2.00 [Member]
Debt Instrument [Line Items]
Spread on variable rate (percentage)	1.50%
London Interbank Offered Rate (LIBOR) [Member] | Consolidated Leverage Ratio - Between 2.00 and 2.75 [Member]
Debt Instrument [Line Items]
Spread on variable rate (percentage)	1.75%
London Interbank Offered Rate (LIBOR) [Member] | Consolidated Leverage Ratio - Between 2.75 and 3.50 [Member]
Debt Instrument [Line Items]
Spread on variable rate (percentage)	2.00%
London Interbank Offered Rate (LIBOR) [Member] | Consolidated Leverage Ratio - 3.50 or above [Member]
Debt Instrument [Line Items]
Spread on variable rate (percentage)	2.25%
Base Rate [Member] | Consolidated Leverage Ratio - Less than 1.25 [Member]
Debt Instrument [Line Items]
Spread on variable rate (percentage)	0.25%
Base Rate [Member] | Consolidated Leverage Ratio - Between 1.25 and 2.00 [Member]
Debt Instrument [Line Items]
Spread on variable rate (percentage)	0.50%
Base Rate [Member] | Consolidated Leverage Ratio - Between 2.00 and 2.75 [Member]
Debt Instrument [Line Items]
Spread on variable rate (percentage)	0.75%
Base Rate [Member] | Consolidated Leverage Ratio - Between 2.75 and 3.50 [Member]
Debt Instrument [Line Items]
Spread on variable rate (percentage)	1.00%
Base Rate [Member] | Consolidated Leverage Ratio - 3.50 or above [Member]
Debt Instrument [Line Items]
Spread on variable rate (percentage)	1.25%

Pension and Other Post-Employ47

Pension and Other Post-Employment Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Defined Benefit Plan Disclosure [Line Items]
Gain from plan amendment	$ 11,829	$ 0	$ 11,829	$ 0
Components of net periodic benefit cost
Amortization of net actuarial losses	(2,423)	(1,483)	(5,113)	(3,170)
Pension Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Curtailments	11,800
Components of net periodic benefit cost
Service cost	1,378	1,077	2,756	2,152
Interest cost	2,764	2,810	5,511	5,622
Expected return on plan assets	(4,010)	(3,785)	(8,021)	(7,566)
Amortization of net actuarial losses	2,192	1,350	4,589	2,850
Amortization of prior service cost	0	1	0	1
Total net periodic benefit cost	2,324	1,453	4,835	3,059
Reduction in non-current deferred tax assets	3,400
Defined Benefit Plan, Accumulated Other Comprehensive Income Net Gains (Losses), after Tax	23,500		23,500
Other Benefits
Components of net periodic benefit cost
Service cost	52	39	110	87
Interest cost	271	275	546	558
Expected return on plan assets	0	0	0	0
Amortization of net actuarial losses	231	133	524	320
Amortization of prior service cost	(359)	(359)	(719)	(719)
Total net periodic benefit cost	$ 195	$ 88	$ 461	$ 246

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2015
Income Tax Contingency [Line Items]
Effective income tax (percent)	9.00%	32.20%	1.30%	33.60%
Discrete tax benefit			$ 3.2
Scenario, Forecast [Member]
Income Tax Contingency [Line Items]
Effective income tax (percent)					(44.00%)
Effective income tax - excluding discrete adjustments (percent)					26.20%

Financial Guarantees and Comm49

Financial Guarantees and Commitments (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Summary of financial guarantees and commitments
Letters of credit outstanding	$ 2,988	$ 2,988
Other financial guarantees	2,783	4,077
Total financial guarantees and commitments	$ 5,771	$ 7,065

Financial Guarantees and Comm50

Financial Guarantees and Commitments Changes in the warranty reserve (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Changes in Warranty Reserve [Roll Forward]
Balance at beginning of period	$ 1,473	$ 1,741
Accrued warranty expense	875	1,117
Payments made (in cash or in-kind)	(999)	(1,220)
Balance at end of period	$ 1,349	$ 1,638

Contingent Liabilities Continge

Contingent Liabilities Contingent Liabilities (Details) - Product Liability And Environmental Remediation Costs - USD ($) $ in Millions	1 Months Ended	6 Months Ended
	Apr. 30, 2015	Jun. 30, 2015	Dec. 31, 2014
Product Liability Contingency [Line Items]
Loss Contingency Accrual, at Carrying Value		$ 2.8	$ 3.1
Pasco Sanitary Landfill Site [Member]
Product Liability Contingency [Line Items]
Loss Contingency Accrual, at Carrying Value		2.1	$ 2.3
Loss Contingency Accrual, Pro Rata Participation Level	1.10%
Accrual for Environmental Loss Contingencies		$ 0.3

Accumulated Other Comprehensi52

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Balance at beginning of period, Value	$ 157,557
Gain from plan amendment	8,872
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax	1,372
Other comprehensive loss before reclassifications	(8,671)	$ (473)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	3,705	2,214
Other Comprehensive Income (Loss), Net of Tax	5,278	1,741
Balance at end of period, Value	103,819
Pensions and postretirement benefits
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, beginning of period	(81,464)	(53,009)
Gain from plan amendment	8,872
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax	1,372
Other comprehensive loss before reclassifications	215	95
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	2,812	1,645
Other Comprehensive Income (Loss), Net of Tax	13,271	1,740
Accumulated other comprehensive loss, end of period	(68,193)
Unrealized losses on derivative instruments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, beginning of period	(1,589)	(2,173)
Gain from plan amendment	0
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax	0
Other comprehensive loss before reclassifications	(807)	59
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	893	569
Other Comprehensive Income (Loss), Net of Tax	86	628
Accumulated other comprehensive loss, end of period	(1,503)
Foreign currency translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive loss, beginning of period	432	11,607
Gain from plan amendment	0
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss), Net Actuarial Gain (Loss), before Tax	0
Other comprehensive loss before reclassifications	(8,079)	(627)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	0
Other Comprehensive Income (Loss), Net of Tax	(8,079)	$ (627)
Accumulated other comprehensive loss, end of period	$ (7,647)

Accumulated Other Comprehensi53

Accumulated Other Comprehensive Loss (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	$ (155,102)	$ (166,632)	$ (305,764)	$ (331,698)
Provision for income taxes	4,912	(5,841)	529	(11,557)
Selling, General and Administrative Expense	(42,972)	(45,977)	(87,468)	(90,545)
Unrealized losses on derivative instruments
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(1,503)		(1,503)		$ (1,589)	$ (1,545)	$ (2,173)
Pensions and postretirement benefits
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(68,193)		(68,193)		(81,464)	(51,269)	(53,009)
Accumulated Translation Adjustment [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(7,647)		(7,647)		$ 432	$ 10,980	$ 11,607
Reclassifications out of accumulated other comprehensive income | Unrealized losses on derivative instruments
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	(675)	(306)	(1,426)	(916)
Provision for income taxes	252	120	533	347
Net reclassifications for the period	(1,951)	(986)	(3,705)	(2,214)
Reclassifications out of accumulated other comprehensive income | Pensions and postretirement benefits
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Provision for income taxes	536	325	1,582	807
Selling, General and Administrative Expense	(2,423)	(1,483)	(5,113)	(3,170)
Reclassifications out of accumulated other comprehensive income | Reclassification out of Accumulated Other Comprehensive Income, Prior Service Cost [Member]
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, General and Administrative Expense	359	358	719	718
Reclassification out of Accumulated Other Comprehensive Income, net [Member] [Domain] | Unrealized losses on derivative instruments
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Cost of sales	(423)	(186)	(893)	(569)
Reclassification out of Accumulated Other Comprehensive Income, net [Member] [Domain] | Pensions and postretirement benefits
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Selling, General and Administrative Expense	$ (1,528)	$ (800)	$ (2,812)	$ (1,645)

Common Stock (Details)

Common Stock (Details) - $ / shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Shares used in the denominators of the basic and diluted earnings per share computations
Actual weighted average common shares outstanding	48,682	49,635	49,019	49,633
Dilutive effect of common stock equivalents	0	508	0	565
Diluted weighted average common shares outstanding	48,682	50,143	49,019	50,198
Options and stock appreciation rights ("SARs") excluded from computation as anti-dilutive because they are out-of-the-money	3,340	3,132	2,955	2,906
Unvested restricted stock and restricted stock units ("RSUs") considered to be participating securities	304	247	304	247
Effect (decrease) of allocation of undistributed earnings (net income) to the participating securities under the two class method:
Basic earnings per share	$ 0	$ 0	$ 0	$ 0
Diluted earnings per share	$ 0	$ 0	$ 0	$ 0

Common Stock Shares Repurchase

Common Stock Shares Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		8 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Mar. 31, 2015	Aug. 06, 2014
Equity [Abstract]
Stock Repurchase Program, Authorized Amount						$ 75,000
Payments for Repurchase of Common Stock			$ 20,567	$ 0	$ 24,400
Stock Repurchased During Period, Shares					1,684,688
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 50,600		$ 50,600
Class of Stock [Line Items]
Average price per share	$ 11.78	$ 0	$ 14.25	$ 0
Total expended	$ 4,431	$ 0	$ 20,567	$ 0
Common Stock [Member]
Class of Stock [Line Items]
Shares repurchased	376,014	0	1,443,667	0
Total expended			$ 14

Stock-Based Compensation (Detai

Stock-Based Compensation (Details) - USD ($) shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Stock Appreciation Rights (SARs) [Member]
Schedule of stock-based compensation awards
Granted (number of shares)	912	749
Aggregate fair value; at time of grant	$ 4,511	$ 4,346
Restricted Stock Units (RSUs) [Member]
Schedule of stock-based compensation awards
Granted (number of shares)	182	150
Aggregate fair value; at time of grant	$ 2,325	$ 1,862

Stock-Based Compensation (Det57

Stock-Based Compensation (Details 1) - Stock Appreciation Rights (SARs) [Member] - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Assumption used to estimate fair value of SARs issued :
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	6 years	6 years
Risk-free interest rate	1.70%	1.90%
Expected volatility	36.70%	46.80%
Dividend yield	0.00%	0.00%
Estimated forfeiture rate	8.45%	4.29%
Weighted average exercise price	$ 12.99	$ 12.44
Weighted average grant date fair value	$ 4.95	$ 5.80

Stock-Based Compensation (Det58

Stock-Based Compensation (Details Textual) - Jun. 30, 2015 - USD ($) $ in Millions	Total
Stock-Based Compensation (Textual) [Abstract]
Vesting period of shares granted to employees	3 years
Total unrecognized stock-based compensation expense	$ 9.8
Weighted average period for recognition of stock-based compensation expense (months)	25 months
Stock Appreciation Rights (SARs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of shares granted (years)	10 years

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Summary of selected financial information by segment
Sales	$ 212,715	$ 235,423	$ 418,705	$ 467,382
Operating income (loss)	(47,333)	22,351	(36,501)	43,139
Depreciation and amortization	11,013	11,520	22,004	22,495
FLAG
Summary of selected financial information by segment
Sales	146,375	160,112	288,735	325,327
Operating income (loss)	18,886	23,834	37,141	51,912
Depreciation and amortization	6,582	6,505	$ 13,146	13,020
FRAG
Segment Reporting Information [Line Items]
Percentage of Consolidated Sales			27.10%
Summary of selected financial information by segment
Sales	57,565	67,349	$ 113,456	127,230
Operating income (loss)	(61,925)	2,607	(63,845)	1,708
Depreciation and amortization	3,713	4,029	7,292	7,861
Corporate and Other
Summary of selected financial information by segment
Sales	8,775	7,962	16,514	14,825
Operating income (loss)	(4,294)	(4,090)	(9,797)	(10,481)
Depreciation and amortization	$ 718	$ 986	$ 1,566	$ 1,614

Segment Information (Details Te

Segment Information (Details Textual)	6 Months Ended
	Jun. 30, 2015
Other information
Number of countries in which products are sold	110
Percentage of sales shipped to customers outside of the U.S.	54.00%
Number of operating segments	2
Carlton [Member]
Other information
Percentage of Consolidated Sales	69.00%
Farm, Ranch, and Agriculture Segment
Other information
Percentage of Consolidated Sales	27.10%
Concrete Cutting and Finishing [Member]
Other information
Percentage of Consolidated Sales	3.90%

Supplemental Cash Flow Inform61

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Other Significant Noncash Transactions [Line Items]
Escrow Deposits Related to Property Sales				$ 100
Supplemental Cash Flow Information
Interest			$ 7,439	6,901
Income taxes, net			9,545	$ 10,196
Acquisition of equipment under capital lease	$ 0	$ 429
Net timing difference on cash payments for purchases of PP&E	3,332	$ 946
Pentruder [Member]
Other Significant Noncash Transactions [Line Items]
Accrued Salaries	$ 500		$ 500

Fair Value of Financial Instr62

Fair Value of Financial Instruments and Concentration of Credit Risk (Details 2) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Other Assets [Member] | Foreign currency hedge agreements
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	$ 8
Other Assets [Member] | Level 1 | Foreign currency hedge agreements
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	0
Other Assets [Member] | Level 2 | Foreign currency hedge agreements
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	8
Other Assets [Member] | Level 3 | Foreign currency hedge agreements
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	0
Accrued Liabilities [Member] | Interest rate hedge agreements [Member]
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	(1,220)	$ (1,265)
Accrued Liabilities [Member] | Foreign currency hedge agreements
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	(956)	(767)
Accrued Liabilities [Member] | Level 1 | Interest rate hedge agreements [Member]
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	0	0
Accrued Liabilities [Member] | Level 1 | Foreign currency hedge agreements
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	0	0
Accrued Liabilities [Member] | Level 2 | Interest rate hedge agreements [Member]
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	(1,220)
Accrued Liabilities [Member] | Level 3 | Interest rate hedge agreements [Member]
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	0	0
Accrued Liabilities [Member] | Level 3 | Foreign currency hedge agreements
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	0	0
Other Liabilities [Member] | Interest rate hedge agreements [Member]
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	(229)	(496)
Other Liabilities [Member] | Level 1 | Interest rate hedge agreements [Member]
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	0	0
Other Liabilities [Member] | Level 2 | Interest rate hedge agreements [Member]
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value		(496)
Other Liabilities [Member] | Level 3 | Interest rate hedge agreements [Member]
Summary of derivatives held by the company
Assets (Liabilities) Measured at Fair Value	$ 0	$ 0

Fair Value of Financial Instr63

Fair Value of Financial Instruments and Concentration of Credit Risk (Details Textual) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Fair Value of Financial Instruments and Concentration of Credit Risk (Textual) [Abstract]
Aggregate notional amount of Foreign currency contracts outstanding	$ 32.5	$ 35.9
Principal term loan	100
Foreign currency hedge agreements
Fair Value of Financial Instruments and Concentration of Credit Risk (Textual) [Abstract]
Cumulative unrealized pre-tax loss on derivative contracts included in accumulated other comprehensive loss	$ 0.9	$ 0.8
Interest Rate Cap [Member] | Minimum
Fair Value of Financial Instruments and Concentration of Credit Risk (Textual) [Abstract]
Interest rate swap contracts	3.65%
Interest Rate Cap [Member] | Maximum
Fair Value of Financial Instruments and Concentration of Credit Risk (Textual) [Abstract]
Interest rate swap contracts	3.70%

Fair Value of Financial Instr64

Fair Value of Financial Instruments and Concentration of Credit Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior credit facility debt	$ 433,000	$ 380,953
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Senior credit facility debt	$ 433,000	$ 371,429

May 2015 Senior Credit Facility

May 2015 Senior Credit Facility (Details) - Variable Rate [Domain] - Trailing Period for Calculation of Leverage Ratio [Domain] - USD ($)	3 Months Ended
	Jun. 30, 2015	May. 05, 2020
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 117,000,000
May 2015 Senior Credit Facility [Member] | BANK OF AMERICA - MERRILL LYNCH ATS [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	200,000,000
May 2015 Senior Credit Facility [Member] | Notes Payable to Banks [Member] | BANK OF AMERICA - MERRILL LYNCH ATS [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Current Borrowing Capacity	300,000,000
May 2015 Senior Credit Facility [Member] | May 2015 Senior Credit Facility [Member] | BANK OF AMERICA - MERRILL LYNCH ATS [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Periodic Payment, Principal	$ 3,800,000
Subsequent Event [Member] | May 2015 Senior Credit Facility [Member] | BANK OF AMERICA - MERRILL LYNCH ATS [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid		$ 225,000,000