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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
Stockholders’ Equity
The Company had authorized shares of 20,000,000 in common stock with 11,115,779 shares issued at December 31, 2017 and 2016. The common stock has a par value of $0.01 per share and the Company paid dividends of $0.04 per share for each of the first three quarters of 2016 and suspended dividend payments during the fourth quarter of 2016, which continued throughout 2017.
At December 31, 2017 and 2016, the Company had authorized shares of 5,000,000 in preferred stock. No preferred stock has been issued. No par value has been assigned to the preferred stock.
On December 4, 2013, the Company’s Board of Directors authorized the purchase of up to $15,000 in shares of its common stock through a share repurchase program at prevailing market prices or privately negotiated transactions. The Company repurchased 80,512 shares, for an aggregate price of $1,587, during 2015 under the repurchase program. On December 9, 2015, the Board of Directors authorized the repurchase of up to $30,000 of the Company’s common shares until December 31, 2017. This authorization became effective January 1, 2016 and replaced the prior authorization. The Second Amendment limits the amount of common shares that the Company can repurchase. The Company repurchased 5,000 shares, for an aggregate price of $67, during 2016 under the repurchase program. There were no repurchases under the program for the year ended December 31, 2017. Approximately $29,933 remained of our $30,000 share repurchase program that was announced December 9, 2015 and expired on December 31, 2017.
At December 31, 2017 and 2016, the Company withheld 7,277 and 20,186 shares for approximately $103 and $275, respectively, from employees to pay their withholding taxes in connection with the exercise and/or vesting of stock options and restricted stock awards.
Cash dividends of $0, $1,244, and $1,656 were declared and paid in 2017, 2016, and 2015, respectively.
 
 
Common Stock
 
 
Treasury
 
Outstanding
Share Activity
 
(Number of Shares)
Balance at end of 2014
 
873,374

 
10,242,405

Issued for stock-based compensation plans
 
(59,113
)
 
59,113

Repurchased common stock
 
80,512

 
(80,512
)
Balance at end of 2015
 
894,773

 
10,221,006

Issued for stock-based compensation plans
 
(96,619
)
 
96,619

Repurchased common stock
 
5,000

 
(5,000
)
Balance at end of 2016
 
803,154

 
10,312,625

Issued for stock-based compensation plans
 
(27,951
)
 
27,951

Balance at end of 2017
 
775,203

 
10,340,576

Accumulated Other Comprehensive Loss
The components of accumulated other comprehensive loss, net of tax, for the years ended December 31, 2017 and 2016, are as follows:
 
 
2017
 
2016
Pension and post-retirement benefit plan adjustments
 
$
(3,367
)
 
$
(4,439
)
Unrealized gain (loss) on interest rate swap contracts
 
222

 
(204
)
Foreign currency translation adjustments
 
(14,622
)
 
(20,646
)
 
 
$
(17,767
)
 
$
(25,289
)

Foreign currency translation adjustments are generally not adjusted for income taxes as they relate to indefinite investments in non U.S. subsidiaries. See Note 14 Income Taxes for further information.