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Equity
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Equity

 

10. EQUITY

During the three months ended March 31, 2020, we repurchased 33,741 of our common shares for $1.2 million. Included in this total were rights to 3,741 shares valued at $0.1 million, 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 12,356 treasury shares upon vesting of stock-based awards during the three months ended March 31, 2020.

In February 2020, we paid a quarterly dividend of $0.25 per share of common stock.

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

 

 

 

March 31,

2020

 

 

December 31,

2019

 

Unrecognized net actuarial loss

 

 

(5,640

)

 

 

(5,640

)

Fair value of derivatives, net of tax

 

 

(2,599

)

 

 

(690

)

Total accumulated other comprehensive loss

 

$

(8,239

)

 

$

(6,330

)