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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
Stockholders' Equity | STOCKHOLDERS’ EQUITY Dividends On February 19, 2020, 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 31, 2020 to holders of record at the close of business on March 18, 2020. On April 21, 2020, the Board declared a quarterly cash dividend of $0.08 per common share. The dividend totaled $4.9 million and was distributed on June 2, 2020 to holders of record at the close of business on May 15, 2020. During the three and six months ended June 30, 2019, dividends of $4.8 million and $9.6 million were paid to stockholders. On July 27, 2020, the Board declared a quarterly cash dividend of $0.08 per common share payable on September 4, 2020 to holders of record at the close of business on August 21, 2020. Stock Repurchase Program In November 2014, the Board authorized a stock repurchase program (the “November 2014 program”) of up to $75.0 million of the Company’s common stock. On March 13, 2020, the Board authorized an additional stock repurchase program (the “March 2020 program”) of up to $75.0 million of the Company’s common stock. The March 2020 program supplements the Board’s prior authorization under the November 2014 program, which remains in effect. The stock repurchase programs are intended primarily to facilitate purchases of Company stock as a means to provide cash returns to stockholders, enhance stockholder returns and manage the Company’s capital structure. Under its stock repurchase programs, the Company is authorized to repurchase, from time to time, shares of its outstanding common stock. 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 six months ended June 30, 2020, the Company repurchased 490,990 shares for a total of $13.5 million under the stock repurchase program. No shares were repurchased during the three months ended June 30, 2020, following the Company’s decision to temporarily suspend stock repurchases in light of the economic uncertainty and market volatility resulting from the COVID-19 pandemic. During the six months ended June 30, 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 the three months ended June 30, 2020 and 2019:
(in millions) (a) | Actuarial Losses |  | Prior Service Costs |  | Foreign Currency Translation |  | Unrealized Gain (Loss) on Interest Rate Swaps |  | Total
Balance at April 1, 2020 | $ | (78.6) |  |  | $ | (2.4) |  |  | $ | (13.2) |  |  | $ | (2.3) |  |  | $ | (96.5) |
Other comprehensive income (loss) before reclassifications | 0.1 |  |  | — |  |  | 1.2 |  |  | (0.4) |  |  | 0.9 |
Amounts reclassified from accumulated other comprehensive loss | 0.7 |  |  | 0.1 |  |  | — |  |  | 0.1 |  |  | 0.9 |
Net current-period other comprehensive income (loss) | 0.8 |  |  | 0.1 |  |  | 1.2 |  |  | (0.3) |  |  | 1.8 |
Balance at June 30, 2020 | $ | (77.8) |  |  | $ | (2.3) |  |  | $ | (12.0) |  |  | $ | (2.6) |  |  | $ | (94.7) |
(in millions) (a) | Actuarial Losses |  | Prior Service Costs |  | Foreign Currency Translation |  | Unrealized Gain (Loss) on Interest Rate Swaps |  | Total
Balance at April 1, 2019 | $ | (87.2) |  |  | $ | (2.5) |  |  | $ | (8.9) |  |  | $ | 1.0 |  |  | $ | (97.6) |
Other comprehensive income (loss) before reclassifications | 0.6 |  |  | — |  |  | 0.8 |  |  | (0.5) |  |  | 0.9 |
Amounts reclassified from accumulated other comprehensive loss | 0.6 |  |  | 0.1 |  |  | — |  |  | (0.2) |  |  | 0.5 |
Net current-period other comprehensive income (loss) | 1.2 |  |  | 0.1 |  |  | 0.8 |  |  | (0.7) |  |  | 1.4 |
Balance at June 30, 2019 | $ | (86.0) |  |  | $ | (2.4) |  |  | $ | (8.1) |  |  | $ | 0.3 |  |  | $ | (96.2) |
The following tables summarize the changes in each component of Accumulated other comprehensive loss, net of tax in the six months ended June 30, 2020 and 2019:
(in millions) (a) | Actuarial Losses |  | Prior Service Costs |  | Foreign Currency Translation |  | Unrealized Gain (Loss) on Interest Rate Swaps |  | Total
Balance at January 1, 2020 | $ | (80.4) |  |  | $ | (2.4) |  |  | $ | (7.1) |  |  | $ | 0.8 |  |  | $ | (89.1) |
Other comprehensive income (loss) before reclassifications | 1.2 |  |  | — |  |  | (4.9) |  |  | (3.4) |  |  | (7.1) |
Amounts reclassified from accumulated other comprehensive loss | 1.4 |  |  | 0.1 |  |  | — |  |  | — |  |  | 1.5 |
Net current-period other comprehensive income (loss) | 2.6 |  |  | 0.1 |  |  | (4.9) |  |  | (3.4) |  |  | (5.6) |
Balance at June 30, 2020 | $ | (77.8) |  |  | $ | (2.3) |  |  | $ | (12.0) |  |  | $ | (2.6) |  |  | $ | (94.7) |
(in millions) (a) | Actuarial Losses |  | Prior Service Costs |  | Foreign Currency Translation |  | Unrealized Gain (Loss) on Interest Rate Swaps |  | Total
Balance at January 1, 2019 | $ | (87.4) |  |  | $ | (2.5) |  |  | $ | (8.9) |  |  | $ | 1.5 |  |  | $ | (97.3) |
Other comprehensive income (loss) before reclassifications | 0.2 |  |  | — |  |  | 0.8 |  |  | (0.7) |  |  | 0.3 |
Amounts reclassified from accumulated other comprehensive loss | 1.2 |  |  | 0.1 |  |  | — |  |  | (0.5) |  |  | 0.8 |
Net current-period other comprehensive income (loss) | 1.4 |  |  | 0.1 |  |  | 0.8 |  |  | (1.2) |  |  | 1.1 |
Balance at June 30, 2019 | $ | (86.0) |  |  | $ | (2.4) |  |  | $ | (8.1) |  |  | $ | 0.3 |  |  | $ | (96.2) |
(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 June 30, 2020 and 2019 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
|  | 2020 |  | 2019 |  |
(in millions) (a) |  |  |  |  |  |
Amortization of actuarial losses of defined benefit pension plans |  | $ | (0.9) |  |  | $ | (0.7) |  |  | Other expense (income), net
Amortization of prior service costs of defined benefit pension plans |  | (0.1) |  |  | (0.1) |  |  | Other expense (income), net
Interest rate swaps |  | (0.1) |  |  | 0.3 |  |  | Interest expense
Total before tax |  | (1.1) |  |  | (0.5) |  |  |
Income tax benefit |  | 0.2 |  |  | — |  |  | Income tax expense
Total reclassifications for the period, net of tax |  | $ | (0.9) |  |  | $ | (0.5) |  |  |
(a) Amounts in parentheses indicate losses. The following table summarizes the amounts reclassified from Accumulated other comprehensive loss, net of tax, in the six months ended June 30, 2020 and 2019 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
|  | 2020 |  | 2019 |  |
(in millions) (a) |  |  |  |  |  |
Amortization of actuarial losses of defined benefit pension plans |  | $ | (1.8) |  |  | $ | (1.5) |  |  | Other expense (income), net
Amortization of prior service costs of defined benefit pension plans |  | (0.1) |  |  | (0.1) |  |  | Other expense (income), net
Interest rate swaps |  | — |  |  | 0.7 |  |  | Interest expense
Total before tax |  | (1.9) |  |  | (0.9) |  |  |
Income tax benefit |  | 0.4 |  |  | 0.1 |  |  | Income tax expense
Total reclassifications for the period, net of tax |  | $ | (1.5) |  |  | $ | (0.8) |  |  |
(a) Amounts in parentheses indicate losses.

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- References No definition available. + Details
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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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