SHAREHOLDERS' EQUITY

9 Months Ended

Sep. 30, 2018

Stockholders' Equity Note [Abstract]

SHAREHOLDERS' EQUITY

9. SHAREHOLDERS’ EQUITY

Dividends

The Company has paid consecutive quarterly cash dividends since May 2011. During the three months ended September 30, 2018 and 2017 the Company paid quarterly cash dividends of $2,051 and $2,048, respectively, with each payment amounting to $0.18 per share. During the nine months ended September 30, 2018 and 2017, the Company paid cash dividends totaling $6,149 and $6,139, respectively, which amounted to $0.54 per share for the period.

On November 5, 2018, the Company’s Board of Directors declared a quarterly cash dividend of $0.18 per share. The dividend is payable December 10, 2018 to shareholders of record as of December 3, 2018.

Accumulated Other Comprehensive Loss

During the three and nine months ended September 30, 2018, the Company reclassified a net foreign currency gain related to operations discontinued in previous years of $552 from accumulated other comprehensive loss to accumulated surplus.