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Equity
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Equity
EQUITY

During the three and nine months ended September 30, 2018, we repurchased 6,736 and 42,994 of our common shares for $0.8 million and $4.8 million, respectively. These included rights to 6,736 and 22,994 shares valued at $0.8 million and $2.5 million, respectively, which 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 23,931 and 79,520 treasury shares upon vesting of stock-based awards during the three and nine months ended September 30, 2018, respectively.

In February, May and August 2018, we paid a quarterly dividend of $0.55 per share of common stock. In addition, on October 9, 2018, we declared a quarterly dividend of $0.55 per share of common stock for shareholders of record on October 19, 2018 and payable on November 20, 2018.

The following table summarizes our changes in equity for the nine months ended September 30, 2018 (in thousands):
 
Common Shares
 
Additional Paid-In Capital
 
Retained Earnings
 
Accumulated
Other
Comprehensive Income (Loss)
 
Treasury Stock
 
Non-Controlling Interest
 
Total Equity
December 31, 2017
$
1,148

 
$
54,463

 
$
173,855

 
$
(8,353
)
 
$
(76,269
)
 
$
3,888

 
$
148,732

Stock based-awards

 
7,186

 

 

 
11,347

 

 
18,533

Repurchase of common shares

 

 

 

 
(4,777
)
 

 
(4,777
)
Dividends paid

 

 
(72,929
)
 

 

 

 
(72,929
)
Non-controlling interest additions

 

 

 

 

 
(10
)
 
(10
)
Amortization of deferred pension costs, net of tax

 

 

 
145

 

 

 
145

Interest rate swaps, net of tax

 

 

 
931

 

 

 
931

Net income

 

 
70,691

 

 

 
96

 
70,787

 
 
 
 
 
 
 
 
 
 
 
 
 

September 30, 2018
$
1,148

 
$
61,649

 
$
171,617

 
$
(7,277
)
 
$
(69,699
)
 
$
3,974

 
$
161,412


Accumulated other comprehensive income (loss) consisted of the following (in thousands):
 
September 30,
2018
 
December 31,
2017
Prior service cost
$
497

 
$
541

Unrecognized net actuarial loss
(8,514
)
 
(8,703
)
Fair value of derivatives, net of tax
740

 
(191
)
Total accumulated other comprehensive income (loss)
$
(7,277
)
 
$
(8,353
)