OTHER

9 Months Ended

Sep. 30, 2019

Organization, Consolidation and Presentation of Financial Statements [Abstract]

OTHER

OTHER

Cash dividends

Dividends declared in the nine months ended September 30, 2019 were as follows:

Dividend per share	Date declared	Date of record	Payment date
$0.0425	03/12/2019	05/01/2019	05/15/2019
$0.0425	06/27/2019	08/01/2019	08/15/2019
$0.0425	08/06/2019	11/01/2019	11/15/2019

On February 15, 2019, May 15, 2019, and August 15, 2019 the Company paid dividends of $0.9 million, $0.9 million and $0.9 million, respectively, to shareholders of record on February 1, 2019, May 1, 2019, and August 1, 2019, respectively. In the three months ended September 30, 2019, the Company reduced retained earnings for the accrual of $0.9 million relating to the dividend payable on November 15, 2019.

On November 7, 2019, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on February 14, 2020 to shareholders of record on January 31, 2020.

Supplemental cash flow information

	Nine Months Ended September 30,
	2019		2018
	(in thousands)
Supplemental disclosure of cash flow information:
Cash paid for interest	$	13,876	$	11,003
Cash paid for taxes, net of refunds	938		2,527
Non-cash investing activities:
Translation loss adjustment	$	(4,032)	$	(1,985)

Components of accumulated other comprehensive loss, net

	Three Months Ended September 30,				Nine Months Ended September 30,
	2019		2018		2019		2018
	(in thousands)
Accumulated translation adjustment:
Balance at beginning of period	$	(35,374)	$	(29,930)	$	(33,727)	$	(27,821)
Translation (loss) gain during period	(2,385)		124		(4,032)		(1,985)
Balance at end of period	$	(37,759)	$	(29,806)	$	(37,759)	$	(29,806)
Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of period	$	1,739	$	(263)	$	161	$	14
Amounts reclassified from accumulated other comprehensive loss:
Settlement of cash flow hedge	(143)		—		(166)		(14)
Change in unrealized gains (losses)	294		(381)		1,895		(644)
Net change in cash flow hedges, net of taxes of $36, $127, $531, and $215	151		(381)		1,729		(658)
Balance at end of period	$	1,890	$	(644)	$	1,890	$	(644)
Accumulated effect of retirement benefit obligations:
Balance at beginning of period	$	(1,025)	$	(1,483)	$	(1,050)	$	(1,518)
Amounts reclassified from accumulated other comprehensive loss: (1)
Amortization of actuarial losses, net of taxes	13		19		38		54
Balance at end of period	$	(1,012)	$	(1,464)	$	(1,012)	$	(1,464)
Total accumulated other comprehensive loss at end of period	$	(36,881)	$	(31,914)	$	(36,881)	$	(31,914)

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