STOCKHOLDERS’ EQUITY

Dividends

On February 19, 2019, the Company’s Board of Directors (the “Board”) declared a quarterly cash dividend of $0.08 per common share. The dividend totaled $4.8 million and was distributed on March 29, 2019 to holders of record at the close of business on March 18, 2019. During the three months ended March 31, 2018, dividends of $4.2 million were paid to stockholders.

On April 30, 2019, the Board declared a quarterly cash dividend of $0.08 per common share payable on May 30, 2019 to holders of record at the close of business on May 15, 2019.

Stock Repurchase Program

In November 2014, the Board authorized a stock repurchase program of up to $75.0 million of the Company’s common stock. The stock repurchase program is intended primarily to facilitate opportunistic purchases of Company stock as a means to provide cash returns to stockholders, enhance stockholder returns and manage the Company’s capital structure. Under the stock repurchase program, the Company is authorized to repurchase, from time to time, shares of its outstanding common stock in the open market or through privately negotiated transactions. Stock repurchases by the Company are subject to market conditions and other factors and may be commenced, suspended or discontinued at any time.

During the three months ended March 31, 2019, the Company repurchased 48,409 shares for a total of $1.0 million under the stock repurchase program.

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			Prior Service Costs		Foreign Currency Translation			Unrealized Gain on Derivatives			Total
Balance at January 1, 2019	$	(87.4	)	(2.5	)	$	(8.9	)	$	1.5		$	(97.3	)
Other comprehensive loss before reclassifications	(0.4		)	—		—			(0.2		)	(0.6		)
Amounts reclassified from accumulated other comprehensive loss	0.6			—		—			(0.3		)	0.3
Net current-period other comprehensive income (loss)	0.2			—		—			(0.5		)	(0.3		)
Balance at March 31, 2019	$	(87.2	)	(2.5	)	$	(8.9	)	$	1.0		$	(97.6	)



(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 (loss) income before reclassifications	(0.7		)	2.0			0.8		2.1
Amounts reclassified from accumulated other comprehensive loss	0.8			—			—		0.8
Net current-period other comprehensive income	0.1			2.0			0.8		2.9
Balance at March 31, 2018	$	(75.3	)	$	(0.5	)	$	1.8	$	(74.0	)


(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 March 31, 2019 and 2018 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
	2019			2018
(in millions)^(a)
Amortization of actuarial losses of defined benefit pension plans	$	(0.8	)	$	(1.0	)	Other expense, net
Interest rate swap	0.4			—			Interest expense
Total before tax	(0.4		)	(1.0		)
Income tax benefit	0.1			0.2			Income tax expense
Total reclassifications for the period, net of tax	$	(0.3	)	$	(0.8	)


(a)	Amounts in parentheses indicate losses.