NOTE L — OTHER

Cash dividends

Dividends declared in the nine months ended September 30, 2017 are as follows:


Dividend per share		Date declared	Date of record	Payment date
$	0.0425	March 8, 2017	May 1, 2017	May 15, 2017
$	0.0425	June 22, 2017	August 1, 2017	August 15, 2017
$	0.0425	August 4, 2017	November 1, 2017	November 15, 2017

On February 15, 2017, May 15, 2017 and August 15, 2017 the Company paid cash dividends of $613,000, $613,000 and $619,000, respectively, to shareholders of record on February 1, 2017, May 1, 2017 and August 1, 2017, respectively. In the three months ended September 30, 2017, the Company reduced retained earnings for the accrual of $638,000 relating to the dividend payable on November 15, 2017.

On November 7, 2017, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on February 15, 2018 to shareholders of record on February 1, 2018.

Supplemental cash flow information


	Nine Months Ended September 30,
	2017		2016
	(in thousands)
Supplemental disclosure of cash flow information:
Cash paid for interest	$	2,695	$	2,998
Cash paid for taxes		8,675		6,361
Non-cash investing activities:
Translation adjustment	$	7,534	$	(7,140	)

Components of accumulated other comprehensive loss, net


	Three Months Ended September 30,						Nine Months Ended September 30,
	2017			2016			2017			2016
	(in thousands)
Accumulated translation adjustment:
Balance at beginning of period	$	(30,356	)	$	(17,716	)	$	(35,644	)	$	(12,961	)
Translation gain (loss) during period		2,246			(2,007	)		7,534			(7,140	)
Amounts reclassified from accumulated other comprehensive loss: ⁽¹⁾
Currency translation adjustment		—			—			—			378

Balance at end of period	$	(28,110	)	$	(19,723	)	$	(28,110	)	$	(19,723	)

Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of period	$	11		$	(67	)	$	(3	)	$	(20	)
Derivative fair value adjustment, net of taxes of $2 and $22 for the three month periods ended September 30, 2017 and 2016, respectively and $7 and $10 for the nine month periods ended September 30, 2017 and 2016, respectively.		(4	)		33			10			(14	)

Balance at end of period	$	7		$	(34	)	$	7		$	(34	)

Accumulated effect of retirement benefit obligations:
Balance at beginning of period	$	(1,321	)	$	(1,177	)	$	(1,352	)	$	(1,204	)
Amounts reclassified from accumulated other comprehensive loss: ⁽²⁾
Amortization of actuarial losses, net of taxes of $10 and $9 for the three month periods ended September 30, 2017 and 2016, respectively and $31 and $27 for the nine month periods ended September 30, 2017 and 2016, respectively.		16			14			47			41

Balance at end of period	$	(1,305	)	$	(1,163	)	$	(1,305	)	$	(1,163	)

Total accumulated other comprehensive loss at end of period	$	(29,408	)	$	(20,920	)	$	(29,408	)	$	(20,920	)

(1)	Amount is recorded in equity in earnings (losses) on the condensed consolidated statements of operations.

(2)	Amounts are recorded in selling, general and administrative expense on the condensed consolidated statements of operations.