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STOCKHOLDERS' EQUITY | 3 Months Ended
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Jun. 30, 2016
Equity [Abstract] |
STOCKHOLDERS' EQUITY |
(3) | STOCKHOLDERS' EQUITY
Dividends The declaration of dividends is at the discretion of the company’s Board of Directors, and depends on the company’s financial results, cash requirements, future prospects, and other factors deemed relevant by the Board of Directors. The Board of Directors declared the following dividends for the quarters ended June 30:
|  | Quarter Ended |
|  | June 30, |
(In thousands, except dividend per share) |  | 2016 |  |  | 2015 |
Dividends declared |  | $ | — |  |  |  | 11,340 |
Dividend per share |  |  | — |  |  |  | 0.25 |
In January 2016, the company suspended the quarterly dividend program in order to preserve liquidity in an oilfield services market that has been negatively impacted by the precipitous drop in oil prices and corresponding reduction in global E&P spending. Accumulated Other Comprehensive Loss The changes in accumulated other comprehensive income (loss) by component, net of tax for the quarters ended June 30, 2016 and 2015 are as follows:
|  | For the quarter ended June 30, 2016 |  |  | For the quarter ended June 30, 2015 |
|  | Balance |  |  | Gains/(losses) |  |  | Reclasses |  |  | Net |  |  | Remaining |  |  | Balance |  |  | Gains/(losses) |  |  | Reclasses |  |  | Net |  |  | Remaining |
|  | at |  |  | recognized |  |  | from OCI to |  |  | period |  |  | balance |  |  | at |  |  | recognized |  |  | from OCI to |  |  | period |  |  | balance |
(in thousands) |  | 3/31/16 |  |  | in OCI |  |  | net income |  |  | OCI |  |  | 6/30/16 |  |  | 3/31/15 |  |  | in OCI |  |  | net income |  |  | OCI |  |  | 6/30/15 |
Available for sale securities |  |  | (208 | ) |  |  | 59 |  |  |  | 102 |  |  |  | 161 |  |  |  | (47 | ) |  |  | 235 |  |  |  | (114 | ) |  |  | 62 |  |  |  | (52 | ) |  |  | 183 |
Currency translation adjustment |  |  | (9,811 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9,811 | ) |  |  | (9,811 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9,811 | )
Pension/Post- retirement benefits |  |  | 4,683 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,683 |  |  |  | (9,129 | ) |  |  | 70 |  |  |  | — |  |  |  | 70 |  |  |  | (9,059 | )
Interest rate swaps |  |  | (1,530 | ) |  |  | — |  |  |  | 71 |  |  |  | 71 |  |  |  | (1,459 | ) |  |  | (1,673 | ) |  |  | — |  |  |  | 179 |  |  |  | 179 |  |  |  | (1,494 | )
Total |  |  | (6,866 | ) |  |  | 59 |  |  |  | 173 |  |  |  | 232 |  |  |  | (6,634 | ) |  |  | (20,378 | ) |  |  | (44 | ) |  |  | 241 |  |  |  | 197 |  |  |  | (20,181 | )
The following table summarizes the reclassifications from accumulated other comprehensive income (loss) to the condensed consolidated statement of income for the quarters ended June 30, 2016 and 2015:
|  | Quarter Ended |  |  |
|  | June 30, |  |  | Affected line item in the condensed
(In thousands) |  | 2016 |  |  | 2015 |  |  | consolidated statements of income
Realized gains on available for sale securities |  | $ | 102 |  |  |  | 62 |  |  | Interest income and other, net
Amortization of interest rate swap |  |  | 71 |  |  |  | 179 |  |  | Interest and other debt costs
Total pre-tax amounts |  |  | 173 |  |  |  | 241 |  |  |
Tax effect |  |  | — |  |  |  | — |  |  |
Total gains for the period, net of tax |  | $ | 173 |  |  |  | 241 |  |  |

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74567-122707 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(29)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(31)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB Topic 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(30)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(d)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 16: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 + Details
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