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STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
STOCKHOLDERS' EQUITY STOCKHOLDERS’ EQUITY
Share Repurchase Program
On November 14, 2018, the Board of Directors approved the extension of the Company’s existing stock repurchase program for an additional three-year period and authorizing up to an additional $100 million in repurchases. Stock repurchases under this program may be made in the open market or in private transactions at times and in amounts determined by the Company. As of June 30, 2019, $88.8 million remained available under the program.
Common and Preferred Stock
The Board of Directors has the authority to issue common and unclassed preferred stock of up to 200 million shares and 25 million shares, respectively, with par value of $0.01 per share, as well as to fix dividends, voting and conversion rights, redemption provisions, liquidation preferences and other rights and restrictions.
Accumulated Other Comprehensive Income
Changes in AOCI by component, net of tax, for the six months ended June 30, 2019 are summarized as follows (in thousands):
 
 
Foreign Currency Translation
and Other
 
Derivative Instruments
 
Total
Balances at December 31, 2018
 
$
(2,578
)
 
$
(765
)
 
$
(3,343
)
Net unrealized gains (losses) arising during the period(a)
 
298

 
(939
)
 
(641
)
Less: Net realized gains (losses) reclassified to net income(b)
 
—

 
(125
)
 
(125
)
Net change during the period
 
298

 
(814
)
 
(516
)
Balances at March 31, 2019
 
(2,280
)
 
(1,579
)
 
(3,859
)
Net unrealized gains (losses) arising during the period(c)
 
(115
)
 
(279
)
 
(394
)
Less: Net realized gains (losses) reclassified to net income(d)
 
—

 
(357
)
 
(357
)
Net change during the period
 
(115
)
 
78

 
(37
)
Balances at June 30, 2019
 
$
(2,395
)
 
$
(1,501
)
 
$
(3,896
)
—————————
(a) Derivative instruments net of $308 thousand of tax benefit for the three months ended March 31, 2019.
(b) Derivative instruments net of $42 thousand of tax benefit for the three months ended March 31, 2019.
(c) Derivative instruments net of $93 thousand of tax benefit for the three months ended June 30, 2019.
(d) Derivative instruments net of $121 thousand of tax benefit for the three months ended June 30, 2019.
Changes in AOCI by component, net of tax, for the six months ended June 30, 2018 are summarized as follows (in thousands):
 
 
Foreign Currency Translation
and Other
 
Derivative Instruments
 
Total
Balances at December 31, 2017
 
$
(2,385
)
 
$
—

 
$
(2,385
)
Net unrealized gains (losses) arising during the period
 
409

 
—

 
409

Less: Net realized gains (losses) reclassified to net income
 
—

 
—

 
—

Net change during the period
 
409

 
—

 
409

Balances at March 31, 2018
 
(1,976
)
 
—

 
(1,976
)
Net unrealized gains (losses) arising during the period
 
(644
)
 
—

 
(644
)
Less: Net realized gains (losses) reclassified to net income
 
—

 
—

 
—

Net change during the period
 
(644
)
 
—

 
(644
)
Balances at June 30, 2018
 
$
(2,620
)
 
$
—

 
$
(2,620
)