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Stockholders' Equity
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY
Dividends
On February 19, 2018, the Company’s Board of Directors (the “Board”) declared a quarterly cash dividend of $0.07 per common share. The dividend totaled $4.2 million and was distributed on March 19, 2018 to holders of record at the close of business on March 5, 2018.
On May 1, 2018, the Board declared a quarterly cash dividend of $0.08 per common share payable. The dividend totaled $4.8 million and was distributed on May 29, 2018 to holders of record at the close of business on May 15, 2018.
On July 31, 2018, the Board declared a quarterly cash dividend of $0.08 per common share payable. The dividend totaled $4.8 million and was distributed on August 28, 2018 to holders of record at the close of business on August 14, 2018.
During the three and nine months ended September 30, 2017, dividends of $4.2 million and $12.6 million, respectively, were paid to stockholders.
On October 30, 2018, the Board declared a quarterly cash dividend of $0.08 per common share payable on November 27, 2018 to holders of record at the close of business on November 13, 2018.
Accumulated Other Comprehensive Loss
The following tables summarize the changes in each component of Accumulated other comprehensive loss, net of tax:
(in millions) (a)
Actuarial Losses
 
Foreign
Currency Translation
 
Unrealized
Gain on
Derivatives
 
Total
Balance at July 1, 2018
$
(73.6
)
 
$
(5.7
)
 
$
2.0

 
$
(77.3
)
Other comprehensive income (loss) before reclassifications
0.2

 
(0.4
)
 
0.3

 
0.1

Amounts reclassified from accumulated other comprehensive loss
0.8

 

 
(0.2
)
 
0.6

Net current-period other comprehensive income (loss)
1.0

 
(0.4
)
 
0.1

 
0.7

Balance at September 30, 2018
$
(72.6
)
 
$
(6.1
)
 
$
2.1

 
$
(76.6
)
(in millions) (a)
Actuarial Losses
 
Foreign
Currency Translation
 
Unrealized
Gain on
Derivatives
 
Total
Balance at July 1, 2017
$
(78.9
)
 
$
(6.8
)
 
$
0.2

 
$
(85.5
)
Other comprehensive (loss) income before reclassifications
(0.7
)
 
3.3

 
0.2

 
2.8

Amounts reclassified from accumulated other comprehensive loss
0.6

 

 

 
0.6

Net current-period other comprehensive (loss) income
(0.1
)
 
3.3

 
0.2

 
3.4

Balance at September 30, 2017
$
(79.0
)
 
$
(3.5
)
 
$
0.4

 
$
(82.1
)
(in millions) (a)
Actuarial Losses
 
Foreign
Currency Translation
 
Unrealized
Gain on
Derivatives
 
Total
Balance at January 1, 2018
$
(75.4
)
 
$
(2.5
)
 
$
1.0

 
$
(76.9
)
Other comprehensive income (loss) before reclassifications
0.6

 
(3.6
)
 
1.4

 
(1.6
)
Amounts reclassified from accumulated other comprehensive loss
2.2

 

 
(0.3
)
 
1.9

Net current-period other comprehensive income (loss)
2.8

 
(3.6
)
 
1.1

 
0.3

Balance at September 30, 2018
$
(72.6
)
 
$
(6.1
)
 
$
2.1

 
$
(76.6
)
(in millions) (a)
Actuarial Losses
 
Foreign
Currency Translation
 
Unrealized
Gain on
Derivatives
 
Total
Balance at January 1, 2017
$
(79.0
)
 
$
(13.0
)
 
$

 
$
(92.0
)
Other comprehensive (loss) income before reclassifications
(1.6
)
 
9.5

 
0.4

 
8.3

Amounts reclassified from accumulated other comprehensive loss
1.6

 

 

 
1.6

Net current-period other comprehensive income

 
9.5

 
0.4

 
9.9

Balance at September 30, 2017
$
(79.0
)
 
$
(3.5
)
 
$
0.4

 
$
(82.1
)
(a)
Amounts in parentheses indicate losses.
The following table summarizes the amounts reclassified from Accumulated other comprehensive loss, net of tax, in the three months ended September 30, 2018 and 2017 and the affected line item in the Condensed Consolidated Statements of Operations:
Details about Accumulated Other Comprehensive Loss Components
 
Amount Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Item in Condensed Consolidated Statements of Operations
 
2018
 
2017
 
(in millions) (a)
 
 
 
 
Amortization of actuarial losses of defined benefit pension plans
 
$
(1.0
)
 
$
(0.9
)
 
Other (income) expense, net
Interest rate swap
 
0.2

 

 
Interest expense
Total before tax
 
(0.8
)
 
(0.9
)
 
 
Income tax benefit
 
0.2

 
0.3

 
Income tax expense
Total reclassifications for the period, net of tax
 
$
(0.6
)
 
$
(0.6
)
 
 

(a)
Amounts in parentheses indicate losses.
The following table summarizes the amounts reclassified from Accumulated other comprehensive loss, net of tax, in the nine months ended September 30, 2018 and 2017 and the affected line item in the Condensed Consolidated Statements of Operations:
Details about Accumulated Other Comprehensive Loss Components
 
Amount Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Item in Condensed Consolidated Statements of Operations
 
2018
 
2017
 
(in millions) (a)
 
 
 
 
Amortization of actuarial losses of defined benefit pension plans
 
$
(2.8
)
 
$
(2.4
)
 
Other (income) expense, net
Interest rate swap
 
0.4

 

 
Interest expense
Total before tax
 
(2.4
)
 
(2.4
)
 
 
Income tax benefit
 
0.5

 
0.8

 
Income tax expense
Total reclassifications for the period, net of tax
 
$
(1.9
)
 
$
(1.6
)
 
 
(a)
Amounts in parentheses indicate losses.