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SHAREHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS’ EQUITY
Preferred Stock
On May 19, 1998, the Company amended its Amended and Restated Articles of Incorporation to reduce the number of authorized shares of common stock from 100.0 million to 99.0 million and the Company authorized 1.0 million shares of preferred stock with a par value of $0.01 per share. No shares of preferred stock have ever been issued or outstanding.
Treasury Stock
On June 30, 2004, the Company’s Board of Directors authorized the Company to repurchase, in the open market, the lesser of (i) 131,756 shares of its common stock and (ii) $1.3 million of its shares, (the “June 2004 Plan”). On August 28, 2006, a second program permitting the Company to purchase, in the open market, up to $20 million of its outstanding shares was approved by our Board of Directors (the “August 2006 Plan”). On July 14, 2011, the Company’s Board of Directors authorized the Company to reactivate the June 2004 Plan. On August 31, 2016, the Company's Board of Directors reactivated the August 2006 Plan. In August of 2016, and December of 2017, the Company's Board of Directors authorized the Company to repurchase up to $0.5 million, respectively, of the Company's outstanding common shares in open market transactions. In August of 2018 and November of 2018, the Company's Board of Directors reactivated an additional $0.5 million (of the original $20.0 million authorization), respectively, in shares of the Company's common stock to be repurchased in the open market. In December of 2019, the Company’s Board of Directors approved a share repurchase program to acquire up to $1.0 million (of the original $20.0 million authorization) of the Company’s common stock through March 1, 2020. In August 2020, the Company’s Board of Directors approved a share repurchase program to acquire up to $1.0 million (of the original $20.0 million authorization) of the Company’s common stock through August 16, 2021. As of August 8, 2017, the total number of shares purchased in the open market under the June 2004 Plan was 112,672, and the maximum number of remaining shares available for repurchase under the June 2004 Plan was 19,084. As of December 31, 2021, there was $12.6 million remaining for repurchase under the August 2006 Plan, and the total value of shares repurchased in the open market under the August 2006 Plan was $1.5 million. The Company does not have any stock repurchase plans or programs other than the June 2004 Plan and the August 2006 Plan.

On May 28, 2021, the Company commenced a cash tender offer to purchase up to 211,538 of its outstanding common stock, at a per share price of $26.00 per share to each seller in cash, less any applicable withholding taxes and without interest (the "tender offer"). The tender offer expired on June 25, 2021. As a result of the tender offer, the Company accepted for purchase a total of 171,433 shares of its common stock, which were properly tendered and not properly withdrawn at the price of $26.00 per share, for an aggregate purchase price of $4.5 million, which was funded from cash on hand. These shares of common stock represented approximately 8.31% of the Company's total outstanding shares as of April 30, 2021.
    During the year ended December 31, 2021, the Company repurchased 200,115 shares of its common stock, which includes the 171,433 shares of its common stock repurchased pursuant to the tender offer, at an average price of $26.76. During the year ended December 31, 2020, the Company repurchased 351,581 shares of its common stock, which included 294,117 shares repurchased pursuant to the 2020 tender offer, at an average price of $17.79.

Equity-Based Compensation
During 2021, 58,483 shares were issued for stock option exercises and a total of 11,238 shares were issued to the members of the Board as compensation for their work on the Board.

Accumulated Other Comprehensive Income
Accumulated other comprehensive income displayed in the Consolidated Statements of Shareholders’ Equity represents the results of certain shareholders’ equity changes not reflected in the consolidated statements of operations, such as foreign currency translation and certain pension and postretirement benefit obligations.
The after-tax components of accumulated other comprehensive income, are as follows (in thousands):
 Foreign
Currency
Translation		Pension
Postretirement
Benefit
Obligation		Accumulated
Other
Comprehensive
Income, Net
Balance as of December 31, 2019$3,435 $322 $3,757 
Current-period change before reclassifications1,358 — 1,358 
Amounts reclassified from accumulated other comprehensive income (loss)— 54 54 
Income tax provision— (19)(19)
Balance as of December 31, 2020$4,793 $357 $5,150 
Current-period change before reclassifications(2,832)— (2,832)
Amounts reclassified from accumulated other comprehensive income (loss)— 37 37 
Income tax provision— (13)(13)
Balance as of December 31, 2021$1,961 $381 $2,342 

Dividends
On March 2, 2021, the Board declared a dividend of $0.16 per share that was paid on March 30, 2021 to shareholders of record on March 16, 2021, for an aggregate amount of $0.3 million.
On May 24, 2021, the Board declared a dividend of $0.16 per share that was paid on June 14, 2021 to shareholders of record on June 2, 2021, for an aggregate amount of $0.3 million.
On August 31, 2021, the Board declared a dividend of $0.20 per share that was paid on September 29, 2021 to shareholders of record on September 15, 2021, for an aggregate amount of $0.4 million.
On November 22, 2021, the Board declared a dividend of $1.70 per share that was paid on December 29, 2021 to shareholders of record on December 15, 2021, for an aggregate amount of $3.3 million. This dividend combined the quarterly dividend amount of $0.20 per share with a special dividend amount of $1.50 per share.
During the year ended December 31, 2021, the Company declared and paid dividends amounting to an aggregate of $4.3 million. During the year ended December 31, 2020, the Company declared and paid dividends amounting to an aggregate of $3.3 million. Payment of future dividends is at the discretion of our Board of Directors.