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STOCKHOLDERS' EQUITY | 9 Months Ended
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Sep. 30, 2015
STOCKHOLDERS' EQUITY |
STOCKHOLDERS' EQUITY | NOTE G – STOCKHOLDERS’ EQUITY Accumulated Other Comprehensive Loss
|  | September 30 |  | December 31 |
|  | 2015 |  | 2014 |
|  | (in thousands) |
Pre-tax amounts: |  |  |  |  |  |  |
Unrecognized net periodic benefit costs |  | $ | (34,969) |  | $ | (30,140) |
Interest rate swap |  |  | (1,568) |  |  | (576) |
Foreign currency translation |  |  | (2,119) |  |  | (1,216) |
Total |  | $ | (38,656) |  | $ | (31,932) |
After-tax amounts: |  |  |  |  |  |  |
Unrecognized net periodic benefit costs |  | $ | (25,338) |  | $ | (22,387) |
Interest rate swap |  |  | (953) |  |  | (350) |
Foreign currency translation |  |  | (1,294) |  |  | (742) |
Total |  | $ | (27,585) |  | $ | (23,479) |
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, 2015 and 2014:
|  |  |  |  | Unrecognized |  |  | Interest |  | Foreign |
|  |  |  |  | Net Periodic |  |  | Rate |  | Currency |
|  | Total |  | Benefit Costs |  |  | Swap |  | Translation |
|  | (in thousands) |
Balances at December 31, 2014 |  | $ | (23,479) |  | $ | (22,387) |  | $ | (350) |  | $ | (742) |
Other comprehensive loss before reclassifications |  |  | (7,387) |  |  | (6,232) |  |  | (603) |  |  | (552) |
Amounts reclassified from accumulated other comprehensive loss |  |  | 3,281 |  |  | 3,281 |  |  | — |  |  | — |
Net current-period other comprehensive loss |  |  | (4,106) |  |  | (2,951) |  |  | (603) |  |  | (552) |
Balances at September 30, 2015 |  | $ | (27,585) |  | $ | (25,338) |  | $ | (953) |  | $ | (1,294) |
Balances at December 31, 2013 |  | $ | (14,912) |  | $ | (14,386) |  | $ | — |  | $ | (526) |
Other comprehensive loss before reclassifications |  |  | (8,206) |  |  | (8,072) |  |  | — |  |  | (134) |
Amounts reclassified from accumulated other comprehensive loss |  |  | 4,418 |  |  | 4,418 |  |  | — |  |  | — |
Net current-period other comprehensive loss |  |  | (3,788) |  |  | (3,654) |  |  | — |  |  | (134) |
Balances at September 30, 2014 |  | $ | (18,700) |  | $ | (18,040) |  | $ | — |  | $ | (660) |
The following is a summary of the significant reclassifications out of accumulated other comprehensive loss by component for the nine months ended September 30: Unrecognized Net Periodic Benefit Costs (1)(2)
|  | Nine Months Ended September 30 |
|  | 2015 |  | 2014 |
|  | (in thousands) |
Amortization of net actuarial loss |  | $ | (3,035) |  | $ | (1,968) |
Amortization of prior service credit |  |  | 142 |  |  | 142 |
Pension settlement expense |  |  | (2,478) |  |  | (5,405) |
Total, pre-tax |  |  | (5,371) |  |  | (7,231) |
Tax benefit |  |  | 2,090 |  |  | 2,813 |
Total, net of tax |  | $ | (3,281) |  | $ | (4,418) |
| (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 pension cost (see Note F).
Dividends on Common Stock The following table is a summary of dividends declared during the applicable quarter:
|  | 2015 |  | 2014 |
|  | Per Share |  | Amount |  | Per Share |  | Amount |
|  | (in thousands, except per share data)
First quarter |  | $ | 0.06 |  | $ | 1,584 |  | $ | 0.03 |  | $ | 819 |
Second quarter |  | $ | 0.06 |  | $ | 1,578 |  | $ | 0.03 |  | $ | 816 |
Third quarter |  | $ | 0.06 |  | $ | 1,578 |  | $ | 0.03 |  | $ | 823 |
On October 22, 2015 the Company’s Board of Directors declared a dividend of $0.0 8 per share to stockholders of record as of November 5, 2015 payable on November 19, 2015. Treasury Stock The Company has a program to repurchase its common stock in the open market or in privately negotiated transactions. 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. As of December 31, 2014, the Company had purchased 1,618,150 shares for an aggregate cost of $56.8 million. During the nine months ended September 30, 2015, the Company purchased 292,186 shares of its common stock for an aggregate cost of $10.0 million. In October 2015, the Board of Directors extended the share repurchase program, making a total of $50.0 million available for purchases of the Company’s common stock.

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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/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -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=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
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