STOCKHOLDERS' EQUITY

12 Months Ended

Dec. 31, 2020

17. STOCKHOLDERS' EQUITY

Common Stock

The following table presents the change in the number of shares of common stock outstanding during the years ended December 2020, 2019, and 2018 (table in thousands and is inclusive of non-voting restricted shares):




























Shares outstanding as of December 31, 2017			49,339

Shares issued under stock incentive plans, net of forfeitures and surrenders to pay applicable taxes			92


Shares outstanding as of December 31, 2018			49,431


Shares issued under stock incentive plans, net of forfeitures and surrenders to pay applicable taxes			344
Shares outstanding as of December 31, 2019			49,775
Shares issued under stock incentive plans, net of forfeitures and surrenders to pay applicable taxes			870

Shares outstanding as of December 31, 2020			50,645

Treasury Stock (in thousands)

As of December 31, 2020 and 2019, the Company held 16,813 and 16,521 treasury shares, respectively. The Company records repurchases of its common stock for treasury at cost.

Accumulated Other Comprehensive Income (Loss)

The following table summarizes the changes in AOCL by component during the years presented (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, 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 other comprehensive income (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 income (loss)	(1.2)		(13.2)		(8.1)		2.6		(19.9)
Adoption of 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 income (loss) before reclassifications	(6.0)		3.2		(4.9)		(15.4)		(23.1)
Amounts reclassified from AOCL	1.1		—		—		21.0		22.1
Net other comprehensive income (loss) before income tax	(4.9)		3.2		(4.9)		5.6		(1.0)
Income tax benefit (expense)	1.3		—		—		(1.3)		—
Other comprehensive income (loss)	(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)
Other comprehensive income (loss) before reclassifications	(7.5)		7.7		18.0		(6.3)		11.9
Amounts reclassified from AOCL	5.1		—		—		6.0		11.1
Net other comprehensive income (loss) before income tax	(2.4)		7.7		18.0		(0.3)		23.0
Income tax benefit	0.5		—		—		0.1		0.6
Other comprehensive income (loss)	(1.9)		7.7		18.0		(0.2)		23.6
Balance as of December 31, 2020	$	(6.7)	$	(7.9)	$	5.0	$	(36.2)	$	(45.8)

The following pension and OPEB reclassifications were made from AOCL into earnings during the periods presented (in millions):


	Year Ended December 31,
	2020		2019		2018
Amortization of pension and other post-employment liability adjustments
Prior service credits (1)	$	0.2	$	0.7	$	0.7
Actuarial losses (1)	(1.4)		(0.9)		(0.9)
Pension settlement charges	(4.8)		(20.8)		(5.7)
Total before tax	(6.0)		(21.0)		(5.9)
Tax (benefit)	(1.6)		(5.5)		(1.5)
Net of tax	$	(4.4)	$	(15.5)	$	(4.4)

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