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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Sep. 30, 2015
Schedule of Dividends Declared

The Board of Directors declared the following dividends for the quarters and six-month periods ended September 30:

 

    

Quarter Ended
September 30,

         

Six Months Ended

September 30,

 

(In thousands, except dividend per share)

     2015                 2014                2015                 2014   

 

 

Dividends declared

   $         11,814                 12,611                23,154                 25,199   

Dividend per share

     0.25                 0.25                0.50                 0.50   

 

 
Changes in Accumulated Other Comprehensive Income (Loss) by Component, Net of Tax

The changes in accumulated other comprehensive income (loss) by component, net of tax for the quarters and six month periods ended September 30, 2015 and 2014 are as follows:

 

     For the quarter ended September 30, 2015          For the six months ended September 30, 2015  
  

 

 

      

 

 

 
(in thousands)   

Balance
at

6/30/15

   

Gains/(losses)
recognized

in OCI

  Reclasses
from OCI to
net income
   Net
period
OCI
    Remaining
balance
9/30/15
        

Balance
at

3/31/15

   

Gains/(losses)
recognized

in OCI

  Reclasses
from OCI to
net income
   Net
period
OCI
    Remaining    
balance    
9/30/15    
 

 

 

Available for sale securities

     183      (690)     63      (627     (444        235      (804)   125      (679     (444)       

Currency translation adjustment

     (9,811     ---     ---      ---        (9,811        (9,811     ---    ---      ---        (9,811)       

Pension/Post-retirement benefits

     (9,059     ---     ---      ---        (9,059        (9,129     70    ---      70        (9,059)       

Interest rate swaps

     (1,494     ---   180      180        (1,314        (1,673     ---   359      359        (1,314)       

 

 

Total

     (20,181   (690)   243      (447     (20,628        (20,378   (734)   484      (250     (20,628)       

 

 
                         
     For the quarter ended September 30, 2014          For the six months ended September 30, 2014  
(in thousands)    Balance
at
6/30/14
   

Gains/(losses)
recognized

in OCI

  Reclasses
from OCI to
net income
   Net
period
OCI
    Remaining
balance
9/30/14
         Balance
at
3/31/14
   

Gains/(losses)
recognized

in OCI

  Reclasses
from OCI to
net income
   Net
period
OCI
    Remaining    
balance    
9/30/14    
 

 

 

Available for sale securities

     193      (35)     67      32        225           92        (3)   136      133        225       

Currency translation adjustment

     (9,811   ---   ---      ---        (9,811        (9,811   ---   ---      ---        (9,811)       

Pension/Post-retirement benefits

     15      ---   ---      ---        15           (116   131   ---      131        15       

Interest rate swaps

     (2,274   ---   117      117        (2,157        (2,390   ---   233      233        (2,157)       

 

 

Total

     (11,877   (35)   184      149        (11,728        (12,225   128   369      497        (11,728)       

 

 

 

Reclassifications from Accumulated Other Comprehensive Income (Loss) to Condensed Consolidated Statement of Income

The following table summarizes the reclassifications from accumulated other comprehensive income (loss) to the condensed consolidated statement of income for the quarters and six month periods ended September 30, 2015 and 2014:

 

    

Quarter Ended

September 30,

          Six Months Ended
September 30,
    

Affected line item in the condensed    

consolidated statements of income    

(In thousands)    2015      2014           2015      2014     

 

Realized gains on available for sale securities

     $        97                 103            192           209         Interest income and other, net    

Amortization of interest rate swap

     277                 180            552           358         Interest and other debt costs    

 

Total pre-tax amounts

     374                 283            744           567        

Tax effect

     131                 99            260           198        

 

Total gains for the period, net of tax

     $        243                 184            484           369