Equity

(All shares reported in whole numbers)

Our components of Accumulated other comprehensive income are as follows:



	Foreign Currency Translation Adjustment			Unrealized Gains and Losses			Accumulated Other Comprehensive Income
				(In thousands)
Balance at December 31, 2013	$	88,441		$	—		$	88,441
Activity in 2014	(13,732		)	—			(13,732		)
Reclassification of foreign currency translation adjustments to Net income from discontinued operations	3,114			—			3,114
Increase in unrealized gains associated with available-for-sale securities of the trusts, net of taxes	—			11,672			11,672
Reclassification of net unrealized gain activity attributable to the Deferred preneed funeral and cemetery receipts held in trust and Care trusts’ corpus’, net of taxes	—			(11,672		)	(11,672		)
Balance at September 30, 2014	$	77,823		$	—		$	77,823

Balance at December 31, 2012	$	111,717		$	—		$	111,717
Activity in 2013	(9,768		)	—			(9,768		)
Increase in net unrealized gains associated with available-for-sale securities of the trusts, net of taxes	—			67,271			67,271
Reclassification of net unrealized gain activity attributable to the Deferred preneed funeral and cemetery receipts held in trust and Care trusts’ corpus’, net of taxes	—			(67,271		)	(67,271		)
Balance at September 30, 2013	$	101,949		$	—		$	101,949

The assets and liabilities of foreign operations are translated into U.S. dollars using the current exchange rate. The U.S. dollar amount that arises from such translation, as well as exchange gains and losses on intercompany balances of a long-term investment nature, are included in the foreign currency translation adjustment in Accumulated other comprehensive income. We sold our operations in Germany on July 8, 2014 and reclassified foreign currency translation adjustments related to Germany to Net income from discontinued operations.

Cash Dividends

On August 13, 2014, our Board of Directors approved a cash dividend of $0.09 per common share. This dividend, totaling $19.0 million, was paid on September 30, 2014.

Share Repurchase Program

Subject to market conditions, normal trading restrictions, and limitations in our debt covenants, we may make purchases in the open market or through privately negotiated transactions under our stock repurchase program. Under the program, during the nine months ended September 30, 2014, we repurchased 6,280,649 shares of common stock at an aggregate cost of $129.1 million, which is an average cost per share of $20.56. After these repurchases, the remaining dollar value of shares authorized to be purchased under our share repurchase program was approximately $61.0 million at September 30, 2014.

Subsequent to September 30, 2014, we repurchased 1,725,875 shares of common stock at an aggregate cost of $36.3 million million, which is an average cost per share of $21.06. After these fourth quarter repurchases, the remaining dollar value of shares authorized to be purchased under our share repurchase program is approximately $24.7 million.