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STOCKHOLDERS' EQUITY (Tables)
6 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Schedule of Dividends Declared

The Board of Directors declared the following dividends for the quarters and six-month periods ended September 30, 2016 and 2015:

 

 

 

Quarter Ended

 

 

Six Months Ended

 

 

 

September 30,

 

 

September 30,

 

(In thousands, except dividend per share)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Dividends declared

 

$

 

 

 

11,814

 

 

 

 

 

 

23,154

 

Dividend per share

 

 

 

 

 

0.25

 

 

 

 

 

 

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, 2016 and 2015 are as follows:

 

 

 

For the quarter ended September 30, 2016

 

 

For the six months ended September 30, 2016

 

 

 

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)

 

6/30/16

 

 

in OCI

 

net income

 

OCI

 

9/30/16

 

 

3/31/16

 

 

in OCI

 

net income

 

OCI

 

 

 

9/30/16

 

Available for sale securities

 

 

(47

)

 

 

79

 

 

 

 

40

 

 

 

 

119

 

 

 

 

72

 

 

 

(208

)

 

 

138

 

 

 

 

142

 

 

 

 

280

 

 

 

 

72

 

Currency translation adjustment

 

 

(9,811

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(9,811

)

 

 

(9,811

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(9,811

)

Pension/Post- retirement benefits

 

 

4,683

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,683

 

 

 

4,683

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,683

 

Interest rate swaps

 

 

(1,459

)

 

 

 

 

 

 

72

 

 

 

 

72

 

 

 

 

(1,387

)

 

 

(1,530

)

 

 

 

 

 

 

143

 

 

 

 

143

 

 

 

 

(1,387

)

Total

 

 

(6,634

)

 

 

79

 

 

 

 

112

 

 

 

 

191

 

 

 

 

(6,443

)

 

 

(6,866

)

 

 

138

 

 

 

 

285

 

 

 

 

423

 

 

 

 

(6,443

)

 

 

 

For the quarter ended September 30, 2015

 

 

For the six months ended September 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)

 

6/30/15

 

 

in OCI

 

net income

 

OCI

 

9/30/15

 

 

3/31/15

 

 

in OCI

 

net income

 

OCI

 

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

)

 

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, 2016 and 2015:

 

 

 

Quarter Ended

 

 

Six Months Ended

 

 

 

 

 

September 30,

 

 

September 30

 

 

Affected line item in the condensed

(In thousands)

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

consolidated statements of income

Realized gains on available for sale securities

 

$

40

 

 

 

97

 

 

 

142

 

 

 

192

 

 

Interest income and other, net

Amortization of interest rate swap

 

 

72

 

 

 

277

 

 

 

143

 

 

 

552

 

 

Interest and other debt costs

Total pre-tax amounts

 

 

112

 

 

 

374

 

 

 

285

 

 

 

744

 

 

 

Tax effect

 

 

 

 

 

131

 

 

 

 

 

 

260

 

 

 

Total gains for the period, net of tax

 

$

112

 

 

 

243

 

 

 

285

 

 

 

484