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Shareholders' Equity
 9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Shareholders' Equity
10. Shareholders' Equity
Cash Dividends
During the nine months ended September 30, 2023, the Company's Board of Directors (the "Board") declared quarterly cash dividends of $0.14 per common share representing first, second, and third quarter dividends of $8.6 million, $8.4 million, and $8.4 million, which were paid on April 21, 2023, July 10, 2023, and October 16, 2023, respectively. During the nine months ended September 30, 2022, the Board declared quarterly cash dividends of $0.12, $0.12, and $0.14 per common share representing first, second, and third quarter dividends of $7.6 million, $7.4 million, and $8.6 million, which were paid on April 8, 2022, July 1, 2022, and October 7, 2022, respectively.
Accumulated Other Comprehensive Income (Loss)
Our Accumulated other comprehensive income (loss) consists of foreign currency translation adjustments related to our subsidiaries that have a functional currency other than the U.S. dollar and unrealized gains (losses) from derivative instruments designated as cash flow hedges. The after-tax changes in Accumulated other comprehensive income (loss) by component were as follows (in millions):
Foreign Currency Translation AdjustmentsCash Flow HedgesAccumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2023$(179.5)$18.9 $(160.6)
Other comprehensive income (loss) before reclassifications(3.3)3.4 0.1 
Amounts reclassified from accumulated other comprehensive income (loss)— (9.9)(9.9)
Balance as of September 30, 2023$(182.8)$12.4 $(170.4)
Balance as of January 1, 2022$(134.0)$(2.7)$(136.7)
Other comprehensive income (loss) before reclassifications(77.5)(98.4)(175.9)
Amounts reclassified from accumulated other comprehensive income (loss)— 121.3 121.3 
Balance as of September 30, 2022$(211.4)$20.2 $(191.2)