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Stockholders' Equity | 12 Months Ended
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Dec. 31, 2020
Stockholders' Equity Note [Abstract] |
Stockholders' Equity | Stockholders' Equity Our certificate of incorporation has authorized 300,000,000 shares of common stock and 50,000,000 shares of preferred stock. No preferred stock was issued or outstanding as of December 31, 2020 and 2019. We had 44,568,299 and 44,352,778 shares of common stock issued and 39,201,226 and 38,985,705 shares of common stock outstanding as of December 31, 2020 and 2019, respectively. Each share of common stock entitles the holder to one vote on matters to be voted on by the stockholders of Boise Cascade. 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. Our board of directors declared and paid the following dividends during each of the respective quarters for the years ended December 31, 2020, 2019, and 2018:
| Dividends Per Share |  | Amount Paid
2020 |  |  | (in thousands)
First Quarter (a) | $ | 0.10 |  |  | $ | 4,645 |
Second Quarter | 0.10 |  |  | 3,917 |
Third Quarter (b) | 1.70 |  |  | 3,991 |
Fourth Quarter (b) | 0.10 |  |  | 66,642 |
Total | $ | 2.00 |  |  | $ | 79,195 |
2019 |  |  |
First Quarter (a) | $ | 0.09 |  |  | $ | 4,053 |
Second Quarter | 0.09 |  |  | 3,509 |
Third Quarter | 0.09 |  |  | 3,508 |
Fourth Quarter (c) | 1.10 |  |  | 42,884 |
Total | $ | 1.37 |  |  | $ | 53,954 |
2018 |  |  |
First Quarter (a) | $ | 0.07 |  |  | $ | 2,758 |
Second Quarter | 0.07 |  |  | 2,723 |
Third Quarter (c) | 1.07 |  |  | 41,632 |
Fourth Quarter | 0.09 |  |  | 3,502 |
Total | $ | 1.30 |  |  | $ | 50,615 |
__________________ (a)Includes payments of dividend equivalents on RSUs and PSUs which vested in first quarter of each year. (b)During third quarter 2020, our board of directors declared a supplemental dividend of $1.60 per share on our common stock, which was paid in fourth quarter 2020. (c)During each fourth quarter 2019 and third quarter 2018, our board of directors declared and paid a supplemental dividend of $1.00 per share of our common stock. On February 5, 2021, our board of directors declared a dividend of $0.10 per share of our common stock, payable on March 15, 2021, to stockholders of record on February 22, 2021. For a description of the restrictions in our asset-based credit facility and the indenture governing our senior notes on our ability to pay dividends, see Note 10, Debt. Future quarterly dividend declarations, including amount per share, record date and payment date, will be made at the discretion of our board of directors and will depend upon, among other things, legal capital requirements and surplus, our future operations and earnings, general financial condition, contractual obligations, restrictions imposed by our asset-based credit facility and the indenture governing our senior notes, applicable laws, and other factors that our board of directors may deem relevant. Stock Repurchase On February 25, 2015, our board of directors authorized a two million share repurchase program (Program) pursuant to which we may, from time to time, purchase shares of our common stock through various means including, without limitation, open market transactions, privately negotiated transactions, or accelerated share repurchase transactions. We are not obligated to purchase any shares and there is no set date that the Program will expire. The board may increase or decrease the number of shares under the Program or terminate the Program in its discretion at any time. During 2020 and 2019, we did not purchase any shares under the Program. During 2018, we repurchased 200,000 shares under the program at a cost of $4.9 million, or an average of $24.65 per share. The shares were purchased with cash on hand and are recorded as "Treasury stock" on our Consolidated Balance Sheet. As of December 31, 2020, there were 496,989 shares of common stock that may yet be purchased under the Program. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss are as follows:
|  | Changes in Accumulated Other Comprehensive Loss
|  | Year Ended December 31
|  | 2020 |  | 2019 |  | 2018
|  | (thousands)
Beginning Balance, net of taxes |  | $ | (50,248) |  |  | $ | (47,652) |  |  | $ | (76,702) |
Net actuarial gain (loss), before taxes |  | 6,832 |  |  | (4,642) |  |  | 14,178 |
Amortization of actuarial (gain) loss, before taxes (a) |  | 807 |  |  | (175) |  |  | 1,497 |
Effect of settlements, before taxes (a) |  | 6,250 |  |  | 1,342 |  |  | 23,255 |
Income taxes (b) |  | 35,281 |  |  | 879 |  |  | (9,880) |
Ending Balance, net of taxes |  | $ | (1,078) |  |  | $ | (50,248) |  |  | $ | (47,652) |
___________________________________ (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 12, Retirement and Benefit Plans. (b) For the year ended December 31, 2020, income taxes include $38.8 million related to the release of stranded tax effects upon Plan Termination, as discussed in Note 4, Income Taxes.

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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 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 Reference 2: 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 3: 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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