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Shareholders' Equity | 6 Months Ended
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Jun. 30, 2024
Equity [Abstract] |
Shareholders' Equity | 10. Shareholders' Equity Cash Dividends During the six months ended June 30, 2024, the Company's Board of Directors (the "Board") declared quarterly cash dividends of $0.17 per common share representing first and second quarter dividends of $10.1 million and $10.1 million, which were paid on April 16, 2024 and July 16, 2024, respectively. During the six months ended June 30, 2023, the Board declared quarterly cash dividends of $0.14 per common share representing first and second quarter dividends of $8.6 million and $8.4 million, which were paid on April 21, 2023 and July 10, 2023, 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 Adjustments |  | Cash Flow Hedges |  | Accumulated Other Comprehensive Income (Loss)
Balance as of January 1, 2024 | $ | (159.6) |  |  | $ | 10.8 |  |  | $ | (148.9) |
Other comprehensive income (loss) before reclassifications | (17.6) |  |  | 2.2 |  |  | (15.4) |
Amounts reclassified from Accumulated other comprehensive income (loss) (1) | 17.0 |  |  | (5.0) |  |  | 11.9 |
Balance as of June 30, 2024 | $ | (160.3) |  |  | $ | 7.9 |  |  | $ | (152.3) |
Balance as of January 1, 2023 | $ | (179.5) |  |  | $ | 18.9 |  |  | $ | (160.6) |
Other comprehensive income (loss) before reclassifications | 14.8 |  |  | 3.6 |  |  | 18.3 |
Amounts reclassified from Accumulated other comprehensive income (loss) | — |  |  | (4.6) |  |  | (4.6) |
Balance as of June 30, 2023 | $ | (164.7) |  |  | $ | 17.8 |  |  | $ | (146.9) |

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