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STOCKHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2021

STOCKHOLDERS' EQUITY

Components of accumulated other comprehensive income


		June 30			December 31
		2021			2020

		(in thousands)
Pre-tax amounts:
Unrecognized net periodic benefit credit		$	4,121		$	4,390
Interest rate swap			(618)			(1,622)
Foreign currency translation			92			(1,182)

Total		$	3,595		$	1,586

After-tax amounts:
Unrecognized net periodic benefit credit		$	3,060		$	3,260
Interest rate swap			(457)			(1,198)
Foreign currency translation			69			(872)

Total		$	2,672		$	1,190

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


					Unrecognized				Interest		Foreign
					Net Periodic				Rate		Currency
		Total			Benefit Costs				Swap		Translation

		(in thousands)
Balances at December 31, 2020		$	1,190		$	3,260		$	(1,198)		$	(872)

Other comprehensive income before reclassifications			1,682			—			741			941
Amounts reclassified from accumulated other comprehensive loss			(200)			(200)			—			—
Net current-period other comprehensive income (loss)			1,482			(200)			741			941

Balances at June 30, 2021		$	2,672		$	3,060		$	(457)		$	69

Balances at December 31, 2019			203			2,152			(416)			(1,533)

Other comprehensive loss before reclassifications			(2,142)			(8)			(1,171)			(963)
Amounts reclassified from accumulated other comprehensive income			(151)			(151)			—			—
Net current-period other comprehensive loss			(2,293)			(159)			(1,171)			(963)

Balances at June 30, 2020		$	(2,090)		$	1,993		$	(1,587)		$	(2,496)

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


		Unrecognized Net Periodic
		Benefit Credit⁽¹⁾⁽²⁾
		Six Months Ended June 30
		2021			2020

		(in thousands)
Amortization of net actuarial gain		$	269		$	293
Pension settlement expense⁽³⁾			—			(89)
Total, pre-tax			269			204
Tax expense			(69)			(53)
Total, net of tax		$	200		$	151

(1)	Amounts in parentheses indicate increases in expense or loss.

(2)	These components of accumulated other comprehensive income are included in the computation of net periodic benefit cost as disclosed in Note G.

(3)	For the six months ended June 30, 2020, pension settlement expense is related to the supplemental benefit plan (see Note G).

Summary of dividends declared


		2021						2020
		Per Share			Amount			Per Share			Amount

		(in thousands, except per share data)
First quarter		$	0.08		$	2,037		$	0.08		$	2,033
Second quarter		$	0.08		$	2,058		$	0.08		$	2,049