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Equity
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Equity

10. EQUITY

Treasury Stock

During the three months ended March 31, 2024, we distributed 10,675 shares of treasury stock upon vesting of stock-based awards. During the three months ended March 31, 2024, we repurchased 2,845 shares of our common stock for $44 thousand which were surrendered to us pursuant to the terms of a stock-based compensation plan in consideration of the participants' tax burdens resulting from the issuance of common stock under that plan. Such shares of common stock, unless canceled, may be reissued for a variety of purposes such as future acquisitions, non-employee director stock awards or employee stock awards.

Dividend Policy

In March 2024, we paid a quarterly cash dividend of $0.01 per share of common stock. In addition, on April 24, 2024, we declared a quarterly dividend of $0.01 per share of common stock for shareholders of record on May 6, 2024, and payable on May 28, 2024.

Accumulated Other Comprehensive Income (Loss)

Amounts recognized, net of income tax, in accumulated other comprehensive income (loss) consist of the following (in thousands):

 

 

March 31,
2024

 

 

December 31,
2023

 

Pension and other post-retirement benefit plans - unrecognized prior service costs and net actuarial loss

 

$

(5,867

)

 

$

(5,914

)

Interest rate swaps - net gain (loss) on fair value

 

 

707

 

 

 

942

 

Total accumulated other comprehensive income (loss)

 

$

(5,160

)

 

$

(4,972

)