Equity

3 Months Ended

Mar. 31, 2016

Equity [Abstract]

Equity

During the three months ended March 31, 2016, we repurchased 6,365 of our common shares for $0.7 million. These consisted of rights to shares that were surrendered to us pursuant to the terms of a stock-based compensation plan in consideration of the participants' tax burdens that may result from the issuance of common shares under that plan. Such common shares, unless canceled, may be reissued for a variety of purposes such as future acquisitions, non-employee director stock awards or employee stock awards. We distributed 22,156 treasury shares upon vesting of stock-based awards during the three months ended March 31, 2016.

In February 2016, we paid a quarterly dividend of $0.55 per share of common stock. In addition, on April 14, 2016, we declared a quarterly dividend of $0.55 per share of common stock for shareholders of record on May 4, 2016 and payable on May 24, 2016.

The following table summarizes our changes in equity for the three months ended March 31, 2016 (in thousands):

	Common Shares		Additional Paid-In Capital			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Non-Controlling Interest		Total Equity (Deficit)
December 31, 2015	$	1,142	$	—		$	219,207		$	(10,538	)	$	(238,875	)	$	5,365	$	(23,699	)
Stock based-awards	—		2,424			—			—			3,038			—		5,462
Tax benefit of stock-based awards issued	—		(68		)	—			—			—			—		(68		)
Repurchase of common shares	—		—			—			—			(696		)	—		(696		)
Dividends paid	—		—			(23,306		)	—			—			—		(23,306		)
Amortization of deferred pension costs, net of tax	—		—			—			97			—			—		97
Interest rate swaps, net of tax	—		—			—			(889		)	—			—		(889		)
Net income	—		—			15,082			—			—			35		15,117
March 31, 2016	$	1,142	$	2,356		$	210,983		$	(11,330	)	$	(236,533	)	$	5,400	$	(27,982	)

Accumulated other comprehensive income (loss) consisted of the following (in thousands):

	March 31, 2016			December 31, 2015
Transition asset	$	—		$	—
Prior service cost	647			661
Unrecognized net actuarial loss	(10,090		)	(10,201		)
Fair value of derivatives, net of tax	(1,887		)	(998		)
Total accumulated other comprehensive income (loss)	$	(11,330	)	$	(10,538	)