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Shareholders' Equity
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Shareholders' Equity
10. Shareholders' Equity
Cash Dividends
During the three months ended March 31, 2024, the Company's Board of Directors (the "Board") declared quarterly cash dividends of $0.17 per common share representing first quarter dividends of $10.1 million, which were paid on April 16, 2024. During the three months ended March 31, 2023, the Board declared quarterly cash dividends of $0.14 per common share representing first quarter dividends of $8.6 million, which were paid on April 21, 2023.
Accumulated Other Comprehensive Income (Loss)
Our Accumulated other comprehensive income (loss) consists of foreign currency translation adjustments related to our subsidiaries that have a functional currency other than the U.S. dollar and unrealized gains (losses) from derivative instruments designated as cash flow hedges. The after-tax changes in Accumulated other comprehensive income (loss) by component were as follows (in millions):
Foreign Currency Translation AdjustmentsCash Flow HedgesAccumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2024$(159.6)$10.8 $(148.9)
Other comprehensive income (loss) before reclassifications(11.8)1.3 (10.5)
Amounts reclassified from Accumulated other comprehensive income (loss)— (2.4)(2.4)
Balance as of March 31, 2024$(171.5)$9.7 $(161.7)
Balance as of January 1, 2023$(179.5)$18.9 $(160.6)
Other comprehensive income (loss) before reclassifications5.7 (0.3)5.4 
Amounts reclassified from Accumulated other comprehensive income (loss)— (1.8)(1.8)
Balance as of March 31, 2023$(173.8)$16.7 $(157.1)