STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2021

STOCKHOLDERS' EQUITY

Components of accumulated other comprehensive income

	2021		2020		2019
	(in thousands)
Pre-tax amounts:
Unrecognized net periodic benefit credit	$	5,602	$	4,390	$	2,898
Interest rate swap		419		(1,622)		(563)
Foreign currency translation		(1,044)		(1,182)		(2,075)
Total	$	4,977	$	1,586	$	260
After-tax amounts:
Unrecognized net periodic benefit credit	$	4,160	$	3,260	$	2,152
Interest rate swap		309		(1,198)		(416)
Foreign currency translation		(770)		(872)		(1,533)
Total	$	3,699	$	1,190	$	203

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

			Unrecognized			Interest	Foreign
			Net Periodic			Rate	Currency
	Total		Benefit Credit			Swap	Translation
	(in thousands)
Balances at December 31, 2019	$	203	$	2,152	$	(416)	$	(1,533)
Other comprehensive income (loss) before reclassifications		1,359		1,480		(782)		661
Amounts reclassified from accumulated other comprehensive income		(372)		(372)		—		—
Net current-period other comprehensive income (loss)		987		1,108		(782)		661
Balances at December 31, 2020	$	1,190	$	3,260	$	(1,198)	$	(872)
Other comprehensive loss before reclassifications		2,909		1,300		1,507		102
Amounts reclassified from accumulated other comprehensive income		(400)		(400)		—		—
Net current-period other comprehensive income		2,509		900		1,507		102
Balances at December 31, 2021	$	3,699	$	4,160	$	309	$	(770)

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

	Unrecognized Net Periodic
	Benefit Credit(1)(2)
	2021		2020
	(in thousands)
Amortization of net actuarial gain	$	539	$	589
Amortization of prior service credit		—		1
Pension settlement expense(3)		—		(89)
Total, pre-tax		539		501
Tax expense		(139)		(129)
Total, net of tax	$	400	$	372

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

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

(3) Pension settlement expense is related to the supplemental benefit plan (see Note J).

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
Second quarter	$	0.08	$	2,058	$	0.08	$	2,049
Third quarter	$	0.08	$	2,050	$	0.08	$	2,040
Fourth quarter	$	0.08	$	1,994	$	0.08	$	2,035