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STOCKHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS' EQUITY
Common Stock
The following table presents the change in the number of shares of common stock outstanding during the years ended December 2019, 2018, and 2017 (table in thousands and is exclusive of non-voting restricted shares):
Shares outstanding as of December 31, 2016
48,102

Purchase of common stock
(17
)
Shares issued under stock incentive plan, net of awards surrendered to pay applicable taxes
385

Exercise of stock options
22

Shares issued to Board of Directors in lieu of cash
6

Shares outstanding as of December 31, 2017
48,498

Shares issued under stock incentive plan, net of awards surrendered to pay applicable taxes
205

Shares issued to Board of Directors in lieu of cash
3

Shares outstanding as of December 31, 2018
48,706

Shares issued under stock incentive plan, net of awards surrendered to pay applicable taxes
171

Shares issued to Board of Directors in lieu of cash
2

Shares outstanding as of December 31, 2019
48,879


Treasury Stock (in thousands)
As of December 31, 2019 and 2018, the Company held 16,521 and 16,348 treasury shares, respectively. The Company records repurchases of its common stock for treasury at cost.
Preferred Stock
The Company's Certificate of Incorporation authorizes the issuance of 10,000,000 shares of preferred stock with a par value of $1.00 per share. Subject to applicable laws, the Board of Directors is authorized to provide for the issuance of preferred shares in one or more series, and may determine the rights, preferences and terms thereof. To date, no preferred shares have been issued or are outstanding.
Accumulated Other Comprehensive Income (Loss)
The following table summarizes the changes in AOCL by component for the following twelve-month periods ended December 31 (in millions):
 
Unrealized gains (losses) on Interest Rate Swaps
 
Foreign Currency Translation Adjustment
 
Foreign Currency Translation Adjustment on Long-term Intercompany Notes
 
Pension and Other Post-Employment Liability Adjustment
 
Total
Balance as of December 31, 2016
$
—

 
$
(14.0
)
 
$
—

 
$
(29.4
)
 
$
(43.4
)
Other comprehensive income (loss) before reclassifications
—

 
8.4

 
—

 
(11.2
)
 
(2.8
)
Amounts reclassified from AOCL
—

 
—

 
—

 
1.4

 
1.4

Net current period other comprehensive loss before income tax
—

 
8.4

 
—

 
(9.8
)
 
(1.4
)
Income tax benefit
—

 
—

 
—

 
1.0

 
1.0

Other comprehensive income (loss)
—

 
8.4

 
—

 
(8.8
)
 
(0.4
)
Balance as of December 31, 2017
$
—

 
$
(5.6
)
 
$
—

 
$
(38.2
)
 
$
(43.8
)
Other comprehensive loss before reclassifications
(1.6
)
 
(13.2
)
 
(8.1
)
 
(2.4
)
 
(25.3
)
Amounts reclassified from AOCL
—

 
—

 
—

 
5.9

 
5.9

Net current period other comprehensive loss before income tax
(1.6
)
 
(13.2
)
 
(8.1
)
 
3.5

 
(19.4
)
Income tax benefit (expense)
0.4

 
—

 
—

 
(0.9
)
 
(0.5
)
Other comprehensive loss (income)
(1.2
)
 
(13.2
)
 
(8.1
)
 
2.6

 
(19.9
)
ASU 2018-02
—

 
—

 
—

 
(4.7
)
 
(4.7
)
Balance as of December 31, 2018
$
(1.2
)
 
$
(18.8
)
 
$
(8.1
)
 
$
(40.3
)
 
$
(68.4
)
Other comprehensive (loss) income before reclassifications
(6.0
)
 
3.2

 
(4.9
)
 
(15.4
)
 
(23.1
)
Amounts reclassified from AOCL
1.1

 
—

 
—

 
21.0

 
22.1

Net current period other comprehensive loss before income tax
(4.9
)
 
3.2

 
(4.9
)
 
5.6

 
(1.0
)
Income tax benefit (expense)
1.3

 
—

 
—

 
(1.3
)
 
—

Other comprehensive loss (income)
(3.6
)
 
3.2

 
(4.9
)
 
4.3

 
(1.0
)
Balance as of December 31, 2019
$
(4.8
)
 
$
(15.6
)
 
$
(13.0
)
 
$
(36.0
)
 
$
(69.4
)

The following pension and OPEB reclassifications were made from AOCL into earnings during the periods presented (in millions):
 
Year Ended December 31,
 
2019
 
2018
 
2017
Amortization of pension and other post-employment liability adjustments
 
 
 
 
 
Prior service credits (1)
$
0.7

 
$
0.7

 
$
1.5

Actuarial losses (1)
(0.9
)
 
(0.9
)
 
(0.7
)
Loss recognized during settlement
(20.8
)
 
(5.7
)
 
(2.2
)
Total before tax
(21.0
)
 
(5.9
)

(1.4
)
Tax (benefit)
(5.5
)
 
(1.5
)
 
(0.6
)
Net of tax
$
(15.5
)
 
$
(4.4
)

$
(0.8
)
(1)
These accumulated other comprehensive income (loss) components are included in the computation of net periodic pension costs. See Note 10 for additional information.