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STOCKHOLDERS' EQUITY
 9 Months Ended
Sep. 30, 2013
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
 
Accumulated Other Comprehensive Loss
 

September 30  
 2013
 
December 31 
 2012
 
(in thousands)
Pre-tax amounts:
 

 
 

Unrecognized net periodic benefit costs
$
(27,924
)
 
$
(86,737
)
Foreign currency translation
(715
)
 
(662
)
 
(28,639
)
 
(87,399
)
After-tax amounts:
 

 
 

Unrecognized net periodic benefit costs
$
(21,034
)
 
$
(56,968
)
Foreign currency translation
(436
)
 
(404
)
 
$
(21,470
)
 
$
(57,372
)

 
The following is a summary of the changes in accumulated other comprehensive loss, net of tax, by component for the nine months ended September 30, 2013:
 

Total
 
Unrecognized
Net Periodic
Benefit Costs
 
Foreign
Currency
Translation
 
(in thousands)
Balances at December 31, 2012
$
(57,372
)
 
$
(56,968
)
 
$
(404
)
Other comprehensive income (loss) before reclassifications
30,601

 
30,633

 
(32
)
Amounts reclassified from accumulated other comprehensive loss
5,301

 
5,301

 
—

Net current-period other comprehensive income (loss)
35,902

 
35,934

 
(32
)
Balances at September 30, 2013
$
(21,470
)
 
$
(21,034
)
 
$
(436
)


The following is a summary of the significant reclassifications out of accumulated other comprehensive loss by component for the nine months ended September 30, 2013:
 
 
Unrecognized Net Periodic Benefit Costs(1)(2)
 
(in thousands)
Amortization of actuarial loss
$
(6,984
)
Amortization of prior service credit
142

Settlement expense
(1,834
)
Total, pre-tax
(8,676
)
Tax benefit
3,375

Total, net of tax
$
(5,301
)

(1)
Amounts in parentheses indicate increases in expense or loss.
(2)
These components of accumulated other comprehensive loss are included in the computation of net periodic benefit cost (see Note G).

Dividends on Common Stock
 
On October 25, 2013, the Company’s Board of Directors declared a dividend of $0.03 per share payable to stockholders of record as of November 8, 2013.
 
The following table is a summary of dividends declared during the applicable quarter:
 
 
2013

2012
 
Per Share
 
Amount
 
Per Share
 
Amount
 
(in thousands, except per share data)
First quarter
$
0.03

 
$
807

 
$
0.03

 
$
797

Second quarter
$
0.03

 
$
806

 
$
0.03

 
$
808

Third quarter
$
0.03

 
$
805

 
$
0.03

 
$
807

Fourth quarter
$
0.03

 
$
806

 
$
0.03

 
$
807