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STOCKHOLDERS' EQUITY
 12 Months Ended
Dec. 31, 2013
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY
STOCKHOLDERS’ EQUITY
 
Accumulated Other Comprehensive Loss
 
Components of accumulated other comprehensive loss were as follows at December 31:
 
 
2013

2012

2011
 
(in thousands)
Pre‑tax amounts:
 


 


 

Unrecognized net periodic benefit costs(1)
$
(17,044
)
 
$
(86,737
)
 
$
(88,393
)
Foreign currency translation
(863
)
 
(662
)
 
(691
)
Total
$
(17,907
)
 
$
(87,399
)
 
$
(89,084
)
After‑tax amounts:
 

 
 

 
 

Unrecognized net periodic benefit costs(1)
$
(14,386
)
 
$
(56,968
)
 
$
(57,979
)
Foreign currency translation
(526
)
 
(404
)
 
(423
)
Total
$
(14,912
)
 
$
(57,372
)
 
$
(58,402
)

(1)
The decrease in unrecognized net periodic benefit costs for the year ended December 31, 2013 reflected the impact of a $66.3 million ($40.5 million after tax) decrease in the unrecognized net actuarial loss related to the nonunion defined benefit pension plan in 2013, primarily due to a $29.3 million ($17.9 million after‑tax) curtailment gain and a $27.8 million ($17.0 million after‑tax) net actuarial gain related to the increase in the discount rate used to remeasure the plan obligation upon curtailment and the amount required to adjust the assumed return on plan assets to the actual return experienced in 2013. The nonunion defined benefit pension plan is discussed further in Note J.

    
The following is a summary of the changes in accumulated other comprehensive loss, net of tax, by component for the year ended December 31, 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
36,439

 
36,561

 
(122
)
Amounts reclassified from accumulated other comprehensive loss
6,021

 
6,021

 
—

Net current‑period other comprehensive income (loss)
42,460

 
42,582

 
(122
)
Balances at December 31, 2013
$
(14,912
)
 
$
(14,386
)
 
$
(526
)


The following is a summary of the significant reclassifications out of accumulated other comprehensive loss by component for the year ended December 31, 2013:
 
 
Unrecognized Net Periodic Benefit Costs(1)(2)
 
(in thousands)
Amortization of actuarial loss
$
(7,935
)
Amortization of prior service credit
190

Settlement expense
(2,111
)
Total, pre‑tax
(9,856
)
Tax benefit
3,835

Total, net of tax
$
(6,021
)

(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 J).

Dividends on Common Stock
 
The following table is a summary of dividends declared during the applicable quarter:
 
 
2013

2012

2011
 
Per Share

Amount

Per Share

Amount

Per Share

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

 
$
807

 
$
0.03

 
$
797

 
$
0.03

 
$
788

Second quarter
$
0.03

 
$
806

 
$
0.03

 
$
808

 
$
0.03

 
$
797

Third quarter
$
0.03

 
$
805

 
$
0.03

 
$
807

 
$
0.03

 
$
798

Fourth quarter
$
0.03

 
$
815

 
$
0.03

 
$
807

 
$
0.03

 
$
797


 
Stockholders’ Rights Plan
 
Prior to April 30, 2011, the Company had in place a stockholders’ rights plan; however, the plan expired by its terms on April 30, 2011 and was not renewed.
 
Treasury Stock
 
The Company has a program to repurchase its Common Stock in the open market or in privately negotiated transactions. In 2003, the Company’s Board of Directors authorized stock repurchases of up to $25.0 million; and in 2005, an additional $50.0 million was authorized for a total of $75.0 million. As of December 31, 2013, the Company had purchased 1,618,150 shares for an aggregate cost of $56.8 million, leaving $18.2 million available for repurchase under the current buyback program. The program has no expiration date but may be terminated at any time at the Board of Directors’ discretion. Repurchases may be made using the Company’s cash reserves or other available sources. No shares were repurchased by the Company in 2013, 2012, or 2011.