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Shareholders' equity
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity

Stock Repurchase Program

At its meeting in August 2016, the Board authorized the Company to repurchase up to $125 million of its common stock. This authorization increased and extended the $50.0 million repurchase authorization from February 2016. At its meeting in August 2017, the Board authorized the Company to repurchase up to $275.0 million of its common stock. This authorization increased and extended the $125.0 million repurchase authorization from August 2016 and remained in effect through December 31, 2018.

For the fiscal year ended December 31, 2017, the Company purchased a total of 1,138,387 shares of its common stock for a total of $60.0 million through accelerated share repurchase programs that the Company entered into with Wells Fargo, which included 460,887 shares purchased at an average share price of $43.39 per share pursuant to a $20.0 million accelerated share repurchase program initiated in June 2017 (the "2017 June ASR Program"), and 677,500 shares received at an average share price of $59.04 per share, or $40.0 million, pursuant to a $50.0 million accelerated share repurchase program initiated in December 2017 (the "2017 December ASR Program").

In February 2018, the Company received 182,171 shares of its common stock as the final delivery for the 2017 December ASR Program. For the year ended December 31, 2018, the Company repurchased 1,772,658 shares of the Company's common stock on the open market at an average price of $62.69 per share. As of December 31, 2018, the Company repurchased approximately $234.6 million of the Company's previously announced $275.0 million share repurchase authorization (which expired at the end of 2018).

At the Company's meeting in December 2018, the Board authorized the Company to repurchase up to $100.0 million of its common stock which will remain in effect through the end of 2019.

See the "Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2018, 2017 and 2016."

Comprehensive Income or Loss
 
The following shows the components of accumulated other comprehensive income or loss as of December 31, 2018 and 2017, respectively:

 
Foreign Currency Translation
 
Pension Benefit
 
Total
(in thousands)
 
 
Balance at January 1, 2016
$
(27,552
)
 
$
(1,024
)
 
$
(28,576
)
Other comprehensive income before reclassification net of tax benefit (expense) of ($222) and $87, respectively
(3,920
)
 
(474
)
 
(4,394
)
Balance at December 31, 2016
(31,472
)
 
(1,498
)
 
(32,970
)
Other comprehensive loss net of tax benefit (expense) of ($0) and $37, respectively
21,273

 
(944
)
 
20,329

Amounts reclassified from accumulative other comprehensive income, net of $0 tax
145

 

 
145

Balance at December 31, 2017
(10,054
)
 
(2,442
)
 
(12,496
)
Other comprehensive loss net of tax benefit (expense) of $0 and $59, respectively
(12,911
)
 
757

 
(12,154
)
Balance at December 31, 2018
$
(22,965
)
 
$
(1,685
)
 
$
(24,650
)