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, 2015	$	6,164		$	—		$	6,164
Activity in 2016	22,707			—			22,707
Increase in net unrealized gains associated with available-for-sale securities of the trusts, net of taxes	—			17,985			17,985
Reclassification of net unrealized gains activity attributable to the Deferred preneed receipts held in trust and Care trusts’ corpus, net of taxes	—			(17,985		)	(17,985		)
Balance at March 31, 2016	$	28,871		$	—		$	28,871

Balance at December 31, 2014	$	59,414		$	—		$	59,414
Activity in 2015	(22,617		)	—			(22,617		)
Increase in net unrealized gains associated with available-for-sale securities of the trusts, net of taxes	—			50,667			50,667
Reclassification of net unrealized gains activity attributable to the Deferred preneed receipts held in trust and Care trusts’ corpus, net of taxes	—			(50,667		)	(50,667		)
Balance at March 31, 2015	$	36,797		$	—		$	36,797

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.

Cash Dividends

On February 10, 2016, our Board of Directors approved a cash dividend of $0.12 per common share. This dividend, totaling $23.3 million, was paid on March 31, 2016.

Share Repurchases

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. During the three months ended March 31, 2016, we repurchased 2,285,230 shares of common stock at an aggregate cost of $54.6 million, which is an average cost per share of $23.91 After these repurchases the remaining dollar value of shares authorized to be purchased under our share repurchase program was approximately $226.3 million at March 31, 2016.

Subsequent to March 31, 2016, we repurchased 419,147 shares of common stock at an aggregate cost of $10.5 million, which is an average cost per share of $24.96. After these second quarter repurchases, the remaining dollar value of shares authorized to be repurchased under our repurchase program is $215.8 million.