Stockholders' Equity

6 Months Ended

Jun. 30, 2018

Stockholders' Equity Note [Abstract]

Dividends

On November 14, 2017, we announced that our board of directors approved a dividend policy to pay quarterly cash dividends to holders of our common stock. During each of the first and second quarters of 2018, we declared and paid a dividend of $0.07 per share of our common stock, resulting in $5.5 million of dividends paid to shareholders during the six months ended June 30, 2018. We did not declare or pay any cash dividends on our common stock during the six months ended June 30, 2017. On August 2, 2018, our board of directors declared a quarterly dividend of $0.07 per share, as well as an additional dividend of $1.00 per share, on our common stock payable on September 17, 2018, to stockholders of record on August 31, 2018. For a description of the restrictions in our asset-based credit facility, Term Loan, and the indenture governing our senior notes on our ability to pay dividends, see Note 7, Debt.

Accumulated Other Comprehensive Loss

The following table details the changes in accumulated other comprehensive loss for the three and six months ended June 30, 2018 and 2017:



	Three Months Ended June 30						Six Months Ended June 30
	2018			2017			2018			2017
	(thousands)
Beginning balance, net of taxes	$	(76,089	)	$	(82,769	)	$	(76,702	)	$	(83,012	)
Net actuarial gain, before taxes	13,340			—			13,340			—
Amortization of actuarial loss, before taxes (a)	356			410			1,177			805
Effect of settlements, before taxes (a)	12,003			—			12,003			—
Income taxes	(6,517		)	(158		)	(6,725		)	(310		)
Ending balance, net of taxes	$	(56,907	)	$	(82,517	)	$	(56,907	)	$	(82,517	)

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(a)	Represents amounts reclassified from accumulated other comprehensive loss. These amounts are included in the computation of net periodic pension cost. For additional information, see Note 8, Retirement and Benefit Plans.