Accumulated Other Comprehensive Loss

12 Months Ended

Dec. 31, 2020

Stockholders’ Equity

The Company had authorized shares of 20,000,000 in common stock with 11,115,779 shares issued as of December 31, 2020 and 2019. The common stock has a par value of $0.01 per share and the Company did not make any dividend payments during the years ended December 31, 2020, 2019, and 2018.

As of December 31, 2020, 2019, and 2018, the Company withheld 95,285, 34,198, and 11,445 shares for approximately $1,665, $621, and $316, respectively, from employees to pay their withholding taxes in connection with the vesting of restricted stock awards. There were no shares repurchased or dividends declared during the years ended December 31, 2020, 2019, and 2018.


	Common Stock
	Treasury	Outstanding
	(Number of Shares)
Balance at end of 2017	775,203	10,340,576
Issued for stock-based compensation plans	(25,431)	25,431

Balance at end of 2018	749,772	10,366,007
Issued for stock-based compensation plans	(56,084)	56,084

Balance at end of 2019	693,688	10,422,091
Issued for stock-based compensation plans	(141,199)	141,199

Balance at end of 2020	552,489	10,563,290

Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss, net of tax, for the years ended December 31, 2020 and 2019, were as follows:


	December 31,
	2020		2019
Pension and post-retirement benefit plan adjustments	$	(4,008)	$	(2,959)
Unrealized loss on interest rate swap contracts	(766)		(230)
Foreign currency translation adjustments	(15,494)		(16,994)
Accumulated other comprehensive loss	$	(20,268)	$	(20,183)

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 for further information.