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STOCKHOLDERS' EQUITY (Tables)
 6 Months Ended
Jun. 30, 2016
STOCKHOLDERS' EQUITY  
Components of accumulated other comprehensive loss

 

 

 

 

 

 

 

 

 

    

June 30

    

December 31

 

 

    

2016

    

2015

 

 

 

(in thousands)

 

Pre-tax amounts:

 

 

 

 

 

 

 

Unrecognized net periodic benefit costs

 

$
(40,311)

 

$
(35,231)

 

Interest rate swap

 

 
(2,035)

 

 
(897)

 

Foreign currency translation

 

 
(1,645)

 

 
(2,379)

 

Total

 

$
(43,991)

 

$
(38,507)

 

 

 

 

 

 

 

 

 

After-tax amounts:

 

 

 

 

 

 

 

Unrecognized net periodic benefit costs

 

$
(28,601)

 

$
(25,497)

 

Interest rate swap

 

 
(1,237)

 

 
(545)

 

Foreign currency translation

 

 
(1,005)

 

 
(1,454)

 

Total

 

$
(30,843)

 

$
(27,496)

 

 

Summary of changes in accumulated other comprehensive loss, net of tax, by component

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrecognized

 

 

Interest

    

Foreign

 

 

 

 

 

 

Net Periodic

 

 

Rate

 

Currency

 

 

    

Total

    

Benefit Costs

    

 

Swap

    

Translation

 

 

 

(in thousands)

 

Balances at December 31, 2015

 

$
(27,496)

 

$
(25,497)

 

$
(545)

 

$
(1,454)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive loss before reclassifications

 

 
(5,678)

 

 
(5,435)

 

 
(692)

 

 
449

 

Amounts reclassified from accumulated other comprehensive loss

 

 
2,331

 

 
2,331

 

 

 —

 

 

 —

 

Net current-period other comprehensive income (loss)

 

 
(3,347)

 

 
(3,104)

 

 
(692)

 

 
449

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at June 30, 2016

 

$
(30,843)

 

$
(28,601)

 

$
(1,237)

 

$
(1,005)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at December 31, 2014

 

$
(23,479)

 

$
(22,387)

 

$
(350)

 

$
(742)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other comprehensive income (loss) before reclassifications

 

 
230

 

 
548

 

 
(120)

 

 
(198)

 

Amounts reclassified from accumulated other comprehensive loss

 

 
2,299

 

 
2,299

 

 

 —

 

 

 —

 

Net current-period other comprehensive income (loss)

 

 
2,529

 

 
2,847

 

 
(120)

 

 
(198)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balances at June 30, 2015

 

$
(20,950)

 

$
(19,540)

 

$
(470)

 

$
(940)

 

 

Summary of the significant reclassifications out of accumulated other comprehensive loss by component

 

 

 

 

 

 

 

 

 

 

Unrecognized Net Periodic

 

 

 

Benefit Costs(1)(2)

 

 

 

Six Months Ended June 30

 

 

    

2016

    

2015

 

 

 

(in thousands)

 

Amortization of net actuarial loss

 

$
(2,445)

 

$
(2,142)

 

Amortization of prior service credit

 

 
95

 

 
95

 

Pension settlement expense

 

 
(1,464)

 

 
(1,716)

 

Total, pre-tax

 

 
(3,814)

 

 
(3,763)

 

Tax benefit

 

 
1,483

 

 
1,464

 

Total, net of tax

 

$
(2,331)

 

$
(2,299)

 

 

 

(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 F).
Summary of dividends declared

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2016

 

2015

 

 

    

Per Share

    

Amount

    

Per Share

    

Amount

    

 

 

(in thousands, except per share data)

First quarter

 

$
0.08

 

$
2,088

 

$
0.06

 

$
1,584

 

Second quarter

 

$
0.08

 

$
2,087

 

$
0.06

 

$
1,578