STOCKHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2021

STOCKHOLDERS' EQUITY

Components of accumulated other comprehensive income

	March 31		December 31
	2021		2020
	(in thousands)
Pre-tax amounts:
Unrecognized net periodic benefit credit	$	4,255	$	4,390
Interest rate swap		(843)		(1,622)
Foreign currency translation		(735)		(1,182)
Total	$	2,677	$	1,586
After-tax amounts:
Unrecognized net periodic benefit credit	$	3,160	$	3,260
Interest rate swap		(623)		(1,198)
Foreign currency translation		(543)		(872)
Total	$	1,994	$	1,190

Summary of changes in accumulated other comprehensive income (loss), net of tax, by component

			Unrecognized			Interest	Foreign
			Net Periodic			Rate	Currency
	Total		Benefit Costs			Swap	Translation
	(in thousands)
Balances at December 31, 2020	$	1,190	$	3,260	$	(1,198)	$	(872)
Other comprehensive income before reclassifications		904		—		575		329
Amounts reclassified from accumulated other comprehensive loss		(100)		(100)		—		—
Net current-period other comprehensive income (loss)		804		(100)		575		329
Balances at March 31, 2021	$	1,994	$	3,160	$	(623)	$	(543)
Balances at December 31, 2019		203		2,152		(416)		(1,533)
Other comprehensive loss before reclassifications		(2,425)		(8)		(997)		(1,420)
Amounts reclassified from accumulated other comprehensive income		(42)		(42)		—		—
Net current-period other comprehensive loss		(2,467)		(50)		(997)		(1,420)
Balances at March 31, 2020	$	(2,264)	$	2,102	$	(1,413)	$	(2,953)

Summary of the significant reclassifications out of accumulated other comprehensive income (loss) by component

	Unrecognized Net Periodic
	Benefit Credit(1)(2)
	Three Months Ended March 31
	2021		2020
	(in thousands)
Amortization of net actuarial gain	$	135	$	145
Pension settlement expense(3)		—		(89)
Total, pre-tax		135		56
Tax expense		(35)		(14)
Total, net of tax	$	100	$	42

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

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

(3) For the three months ended March 31, 2020, pension settlement expense is related to the supplemental benefit plan (see Note G).

Summary of dividends declared

	2021				2020
	Per Share		Amount		Per Share		Amount
	(in thousands, except per share data)
First quarter	$	0.08	$	2,037	$	0.08	$	2,033