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Stockholders' Equity | 3 Months Ended
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Sep. 30, 2022
Equity [Abstract] |
Stockholders' Equity | STOCKHOLDERS’ EQUITY Dividends On February 18, 2022, the Company’s Board of Directors (the “Board”) declared a quarterly cash dividend of $0.09 per common share. The dividend totaled $5.5 million and was distributed on April 1, 2022 to stockholders of record at the close of business on March 18, 2022. On April 26, 2022, the Board declared a quarterly cash dividend of $0.09 per common share. The dividend totaled $5.4 million and was distributed on June 3, 2022 to stockholders of record at the close of business on May 20, 2022. During the three and six months ended June 30, 2021, dividends of $5.5 million and $11.0 million, respectively, were paid to stockholders. On July 25, 2022, the Board declared a quarterly cash dividend of $0.09 per common share payable on September 2, 2022 to stockholders of record at the close of business on August 19, 2022. 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. In March 2020, the Board authorized an additional stock repurchase 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 three months ended June 30, 2022, the Company repurchased 77,011 shares for a total of $2.5 million under its stock repurchase programs. During the six months ended June 30, 2022, the Company repurchased 472,381 shares for a total of $16.1 million under its stock repurchase programs. During the three and six months ended June 30, 2021, the Company repurchased 5,000 shares for a total of $0.2 million under its stock repurchase programs. 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, 2022 and 2021:
(in millions) (a) | Actuarial Losses |  | Prior Service Costs |  | Foreign Currency Translation |  | Interest Rate Swaps |  | Total
Balance at April 1, 2022 | $ | (66.9) |  |  | $ | (2.4) |  |  | $ | (5.0) |  |  | $ | 1.6 |  |  | $ | (72.7) |
Other comprehensive income (loss) before reclassifications | 1.3 |  |  | 0.2 |  |  | (8.6) |  |  | 0.1 |  |  | (7.0) |
Amounts reclassified from accumulated other comprehensive loss | 0.5 |  |  | 0.1 |  |  | — |  |  | 0.1 |  |  | 0.7 |
Net current-period other comprehensive income (loss) | 1.8 |  |  | 0.3 |  |  | (8.6) |  |  | 0.2 |  |  | (6.3) |
Balance at June 30, 2022 | $ | (65.1) |  |  | $ | (2.1) |  |  | $ | (13.6) |  |  | $ | 1.8 |  |  | $ | (79.0) |
(in millions) (a) | Actuarial Losses |  | Prior Service Costs |  | Foreign Currency Translation |  | Interest Rate Swaps |  | Total
Balance at April 1, 2021 | $ | (87.5) |  |  | $ | (2.6) |  |  | $ | 0.1 |  |  | $ | (1.4) |  |  | $ | (91.4) |
Other comprehensive income (loss) before reclassifications | 0.1 |  |  | — |  |  | 2.0 |  |  | (0.2) |  |  | 1.9 |
Amounts reclassified from accumulated other comprehensive loss | 0.8 |  |  | 0.1 |  |  | — |  |  | 0.2 |  |  | 1.1 |
Net current-period other comprehensive income | 0.9 |  |  | 0.1 |  |  | 2.0 |  |  | — |  |  | 3.0 |
Balance at June 30, 2021 | $ | (86.6) |  |  | $ | (2.5) |  |  | $ | 2.1 |  |  | $ | (1.4) |  |  | $ | (88.4) |
(a) Amounts in parentheses indicate losses. The following tables summarize the changes in each component of Accumulated other comprehensive loss, net of tax in the six months ended June 30, 2022 and 2021:
(in millions) (a) | Actuarial Losses |  | Prior Service Costs |  | Foreign Currency Translation |  | Interest Rate Swaps |  | Total
Balance at January 1, 2022 | $ | (67.9) |  |  | $ | (2.4) |  |  | $ | (3.4) |  |  | $ | (0.5) |  |  | $ | (74.2) |
Other comprehensive income (loss) before reclassifications | 1.8 |  |  | 0.2 |  |  | (10.2) |  |  | 2.0 |  |  | (6.2) |
Amounts reclassified from accumulated other comprehensive loss | 1.0 |  |  | 0.1 |  |  | — |  |  | 0.3 |  |  | 1.4 |
Net current-period other comprehensive income (loss) | 2.8 |  |  | 0.3 |  |  | (10.2) |  |  | 2.3 |  |  | (4.8) |
Balance at June 30, 2022 | $ | (65.1) |  |  | $ | (2.1) |  |  | $ | (13.6) |  |  | $ | 1.8 |  |  | $ | (79.0) |
(in millions) (a) | Actuarial Losses |  | Prior Service Costs |  | Foreign Currency Translation |  | Interest Rate Swaps |  | Total
Balance at January 1, 2021 | $ | (88.2) |  |  | $ | (2.6) |  |  | $ | 1.3 |  |  | $ | (2.2) |  |  | $ | (91.7) |
Other comprehensive (loss) income before reclassifications | (0.1) |  |  | — |  |  | 0.8 |  |  | 0.4 |  |  | 1.1 |
Amounts reclassified from accumulated other comprehensive loss | 1.7 |  |  | 0.1 |  |  | — |  |  | 0.4 |  |  | 2.2 |
Net current-period other comprehensive income | 1.6 |  |  | 0.1 |  |  | 0.8 |  |  | 0.8 |  |  | 3.3 |
Balance at June 30, 2021 | $ | (86.6) |  |  | $ | (2.5) |  |  | $ | 2.1 |  |  | $ | (1.4) |  |  | $ | (88.4) |
(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, 2022 and 2021 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
| 2022 |  | 2021 |
(in millions) (a) |  |  |  |  |  |
Amortization of actuarial losses of defined benefit pension plans |  | $ | (0.7) |  |  | $ | (1.1) |  |  | Other income, net
Amortization of prior service costs of defined benefit pension plans |  | (0.1) |  |  | (0.1) |  |  | Other income, net
Interest rate swaps |  | (0.1) |  |  | (0.3) |  |  | Interest expense
Total before tax |  | (0.9) |  |  | (1.5) |  |  |
Income tax benefit |  | 0.2 |  |  | 0.4 |  |  | Income tax expense
Total reclassifications for the period, net of tax |  | $ | (0.7) |  |  | $ | (1.1) |  |  |
(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, 2022 and 2021 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
| 2022 |  | 2021 |
(in millions) (a) |  |  |  |  |  |
Amortization of actuarial losses of defined benefit pension plans |  | $ | (1.4) |  |  | $ | (2.3) |  |  | Other income, net
Amortization of prior service costs of defined benefit pension plans |  | (0.1) |  |  | (0.1) |  |  | Other income, net
Interest rate swaps |  | (0.3) |  |  | (0.5) |  |  | Interest expense
Total before tax |  | (1.8) |  |  | (2.9) |  |  |
Income tax benefit |  | 0.4 |  |  | 0.7 |  |  | Income tax expense
Total reclassifications for the period, net of tax |  | $ | (1.4) |  |  | $ | (2.2) |  |  |
(a) Amounts in parentheses indicate losses.

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -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=120397183&loc=d3e187085-122770 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (g) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 14 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496171-112644 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 18 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496189-112644 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 16 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496180-112644 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=123467817&loc=SL123496158-112644 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 + Details
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