Stockholders' Equity

6 Months Ended

Jun. 30, 2019

Equity [Abstract]

Stockholders' Equity

12. STOCKHOLDERS’ EQUITY

Stock Repurchase Program

Since 1997, our Board of Directors has approved multiple share repurchase programs that have authorized repurchases of our common stock, which are implemented through open market or private purchases from time to time as conditions warrant. During the six months ended June 30, 2019, we repurchased 13,000 shares of our common stock at an average price of $14.06 per share. As of June 30, 2019, we had the authority to purchase an additional 2.5 million shares of our common stock under the current authorization of up to 5.0 million shares.

Other Comprehensive Income

The following tables present the changes in accumulated other comprehensive income (loss), net of tax, by component for the three months ended June 30, 2019 and 2018:

	Three Months Ended June 30, 2019
(In thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Defined Benefit Plan Adjustments			Foreign Currency Adjustments			ASU 2018-02 Adoption (1)		Total
As of March 31, 2019	$	(378	)	$	(7,920	)	$	(6,972	)	$	385	$	(14,885	)
Other comprehensive income before    reclassifications		180			—			533			—		713
Amounts reclassified from accumulated other    comprehensive income (loss)		(73	)		150			—			—		77
Net current period other comprehensive income		107			150			533			—		790
As of June 30, 2019	$	(271	)	$	(7,770	)	$	(6,439	)	$	385	$	(14,095	)

^{(1) With the adoption of ASU 2018-02 on January 1, 2019, stranded tax effects related to the Tax Cuts and Jobs Act of 2017 were reclassified to retained earnings. See Note 1.} 

	Three Months Ended June 30, 2018
(In thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Defined Benefit Plan Adjustments			Foreign Currency Adjustments			Total
As of March 31, 2018	$	(845	)	$	(4,224	)	$	(734	)	$	(5,803	)
Other comprehensive loss before    reclassifications		(82	)		—			(3,424	)		(3,506	)
Amounts reclassified from accumulated other    comprehensive income		186			5			—			191
Net current period other comprehensive income (loss)		104			5			(3,424	)		(3,315	)
As of June 30, 2018	$	(741	)	$	(4,219	)	$	(4,158	)	$	(9,118	)

The following tables present the changes in accumulated other comprehensive income (loss), net of tax, by component for the six months ended June 30, 2019 and 2018:

	Six Months Ended June 30, 2019
(In thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Defined Benefit Plan Adjustments			Foreign Currency Adjustments			ASU 2018-02 Adoption		Total
As of December 31, 2018	$	(563	)	$	(8,041	)	$	(5,812	)	$	—	$	(14,416	)
Other comprehensive income (loss) before    reclassifications		411			—			(627	)		—		(216	)
Amounts reclassified from accumulated other    comprehensive income (loss)		(119	)		271			—			—		152
Amounts reclassified to retained earnings (1)		—			—			—			385		385
Net current period other comprehensive income (loss)		292			271			(627	)		385		321
As of June 30, 2019	$	(271	)	$	(7,770	)	$	(6,439	)	$	385	$	(14,095	)

^{(1) With the adoption of ASU 2018-02 on January 1, 2019, stranded tax effects related to the Tax Cuts and Jobs Act of 2017 were reclassified to retained earnings. See Note 1.}

	Six Months Ended June 30, 2018
(In thousands)	Unrealized Gains (Losses) on Available- for-Sale Securities			Defined Benefit Plan Adjustments			Foreign Currency Adjustments			Total
As of December 31, 2017	$	2,567		$	(4,286	)	$	(1,576	)	$	(3,295	)
Other comprehensive (loss) before    reclassifications		(339	)		—			(2,582	)		(2,921	)
Amounts reclassified from accumulated other    comprehensive income		251			67			—			318
Amounts reclassified to retained earnings (1)		(3,220	)		—			—			(3,220	)
Net current period other comprehensive income (loss)		(3,308	)		67			(2,582	)		(5,823	)
As of June 30, 2018	$	(741	)	$	(4,219	)	$	(4,158	)	$	(9,118	)

^{(1) With the Company’s adoption of ASU 2016-01 on January 1, 2018, unrealized gains on our equity investments were reclassified to retained earnings. See Note 7.}

The following tables present the details of reclassifications out of accumulated other comprehensive income (loss) for the three months ended June 30, 2019 and 2018:

	Three Months Ended June 30, 2019
Details about Accumulated Other Comprehensive Income (Loss) Components (In thousands)	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gains (losses) on available-for-sale securities:
Net realized gains on sales of securities	$	99		Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses		(217	)	(1)
Total reclassifications for the period, before tax		(118	)
Tax benefit		41
Total reclassifications for the period, net of tax	$	(77	)

^{(1) Included in the computation of net periodic pension cost. See Note 5.}

	Three Months Ended June 30, 2018
Details about Accumulated Other Comprehensive Income (Loss) Components (In thousands)	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gain (losses) on available-for-sale securities:
Net realized losses on sales of securities	$	(251	)	Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses		(7	)	(1)
Total reclassifications for the period, before tax		(258	)
Tax benefit		67
Total reclassifications for the period, net of tax	$	(191	)

^{(1) Included in the computation of net periodic pension cost. See Note 5.}

The following tables present the details of reclassifications out of accumulated other comprehensive income (loss) for the six months ended June 30, 2019 and 2018:

	Six Months Ended June 30, 2019
Details about Accumulated Other Comprehensive Income (Loss) Components (In thousands)	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gains (losses) on available-for-sale securities:
Net realized gains on sales of securities	$	161		Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses		(393	)	(1)
Total reclassifications for the period, before tax		(232	)
Tax benefit		80
Total reclassifications for the period, net of tax	$	(152	)

^{(1) Included in the computation of net periodic pension cost. See Note 5.}

	Six Months Ended June 30, 2018
Details about Accumulated Other Comprehensive Income (Loss) Components (In thousands)	Amount Reclassified from Accumulated Other Comprehensive Income (Loss)			Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gains (losses) on available-for-sale securities:
Net realized losses on sales of securities	$	(324	)	Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses		(97	)	(1)
Total reclassifications for the period, before tax		(421	)
Tax benefit		103
Total reclassifications for the period, net of tax	$	(318	)

^{(1) Included in the computation of net periodic pension cost. See Note 5.}

The following table presents the tax effects related to the change in each component of other comprehensive income (loss) for the three months ended June 30, 2019 and 2018: 

	Three Months Ended									Three Months Ended
	June 30, 2019									June 30, 2018
(In thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net-of-Tax Amount			Before-Tax Amount			Tax (Expense) Benefit			Net-of-Tax Amount
Unrealized gains (losses) on available-for-sale    securities	$	243		$	(63	)	$	180		$	(111	)	$	29		$	(82	)
Reclassification adjustment for amounts related to    available-for-sale investments included in net    income (loss)		(99	)		26			(73	)		251			(65	)		186
Reclassification adjustment for amounts related to    defined benefit plan adjustments included in net    income (loss)		217			(67	)		150			7			(2	)		5
Foreign currency translation adjustment		533			—			533			(3,424	)		—			(3,424	)
Total Other Comprehensive Income (Loss)	$	894		$	(104	)	$	790		$	(3,277	)	$	(38	)	$	(3,315	)

The following table presents the tax effects related to the change in each component of other comprehensive income (loss) for the six months ended June 30, 2019 and 2018:

	Six Months Ended									Six Months Ended
	June 30, 2019									June 30, 2018
(In thousands)	Before-Tax Amount			Tax (Expense) Benefit			Net-of-Tax Amount			Before-Tax Amount			Tax (Expense) Benefit			Net-of-Tax Amount
Unrealized gains (losses) on available-for-sale    securities	$	555		$	(144	)	$	411		$	(458	)	$	119		$	(339	)
Reclassification adjustment for amounts related to    available-for-sale investments included in net    income (loss)		(161	)		42			(119	)		324			(73	)		251
Reclassification adjustment for amounts reclassed    to retained earnings related to the adoption of    ASU 2016-01		—			—			—			(3,220	)		—			(3,220	)
Reclassification adjustment for amounts related to    defined benefit plan adjustments included in net    income (loss)		393			(122	)		271			97			(30	)		67
Foreign currency translation adjustment		(627	)		—			(627	)		(2,582	)		—			(2,582	)
Total Other Comprehensive Income (Loss)	$	160		$	(224	)	$	(64	)	$	(5,839	)	$	16		$	(5,823	)