STOCKHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2013

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE H — STOCKHOLDERS’ EQUITY

Accumulated Other Comprehensive Loss

	June 30			December 31
	2013			2012
	(in thousands)
Pre-tax amounts:
Unrecognized net periodic benefit costs	$	(34,733	)	$	(86,737	)
Foreign currency translation	(884		)	(662		)
	$	(35,617	)	$	(87,399	)
After-tax amounts:
Unrecognized net periodic benefit costs	$	(25,194	)	$	(56,968	)
Foreign currency translation	(539		)	(404		)
	$	(25,733	)	$	(57,372	)

The following is a summary of the changes in accumulated other comprehensive loss, net of tax, by component for the six months ended June 30, 2013:

				Unrecognized			Foreign
				Net Periodic			Currency
	Total			Benefit Costs			Translation
	(in thousands)
Balance at December 31, 2012	$	(57,372	)	$	(56,968	)	$	(404	)
Other comprehensive income (loss) before reclassifications	28,139			28,274			(135		)
Amounts reclassified from accumulated other comprehensive loss	3,500			3,500			—
Net current-period other comprehensive income (loss)	31,639			31,774			(135		)
Balance at June 30, 2013	$	(25,733	)	$	(25,194	)	$	(539	)

The following is a summary of the significant reclassifications out of accumulated other comprehensive loss by component  for the six months ended June 30, 2013:

	Amortization of
	Unrecognized
	Net Periodic
	Benefit Costs(1)
	(in thousands)
Net actuarial loss(2)	$	(5,824	)
Prior service credit(2)	95
Total, pre-tax	(5,729		)
Tax benefit	2,229
Total, net of tax	$	(3,500	)

(1) Amounts in parentheses indicate increases in expense or loss.

(2) These components of accumulated other comprehensive loss are included in the computation of net periodic benefit cost (see Note G).

Dividends on Common Stock

On July 25, 2013, the Company’s Board of Directors declared a dividend of $0.03 per share payable to stockholders of record as of August 8, 2013.

The following table is a summary of dividends declared during the applicable quarter:

	2013				2012
	Per Share		Amount		Per Share		Amount
	(in thousands, except per share data)
First quarter	$	0.03	$	807	$	0.03	$	797
Second quarter	$	0.03	$	806	$	0.03	$	808
Third quarter (2013 amount estimated)	$	0.03	$	806	$	0.03	$	807