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Shareholder's equity | 12 Months Ended
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Dec. 31, 2018
Stockholders Equity Note [Abstract] |
Shareholders' equity |
14. | Shareholders’ equity
Dividends The Company has not paid dividends to holders of its common stock in the past. Certain subsidiaries of the Company have restrictions on their ability to pay dividends in certain circumstances pursuant to the Amended Credit Agreement. In the event that the Company decides to pay a dividend to holders of its common stock in the future with dividends received from its subsidiaries, the Company may, based on prevailing rates of taxation, be required to pay additional withholding and income tax on such amounts received from its subsidiaries. Share Repurchase Plan In August 2015, the Company’s Board of Directors authorized a share repurchase plan, authorizing the purchase of up to $75 million of the Company’s common stock. The Company completed the share repurchase plan in 2016. Under the program, common shares repurchased consisted of open market transactions at prevailing market prices in accordance with the guidelines specified under Rule 10b-18 of the Exchange Act, as amended. Repurchases were made from cash on hand and cash generated from operations. For the year ended December 31, 2016, the Company repurchased 1,544,681 shares of common stock for $63.4 million with an average price per share of $41.06, which were all retired upon repurchase. Accumulated Other Comprehensive Income Accumulated other comprehensive income is comprised of foreign currency translation adjustments and the unrealized gains (losses) on the Company’s debt security. The components of and changes in accumulated other comprehensive income are as follows:
(U.S. Dollars, in thousands) |  | Currency Translation Adjustments |  |  | Debt Security |  |  | Accumulated Other Comprehensive Income (Loss) |
Balance at December 31, 2016 |  | $ | (5,115 | ) |  | $ | (1,465 | ) |  | $ | (6,580 | )
Other comprehensive income |  |  | 4,552 |  |  |  | 3,830 |  |  |  | 8,382 |
Income taxes |  |  | — |  |  |  | (1,475 | ) |  |  | (1,475 | )
Reclassification adjustments to: |  |  |  |  |  |  |  |  |  |  |  |
Other expense, net |  |  | — |  |  |  | 5,585 |  |  |  | 5,585 |
Income taxes |  |  | — |  |  |  | (2,125 | ) |  |  | (2,125 | )
Balance at December 31, 2017 |  | $ | (563 | ) |  | $ | 4,350 |  |  | $ | 3,787 |
Other comprehensive income (loss) |  |  | (1,823 | ) |  |  | 1,770 |  |  |  | (53 | )
Income taxes |  |  | — |  |  |  | (438 | ) |  |  | (438 | )
Balance at December 31, 2018 |  | $ | (2,386 | ) |  | $ | 5,682 |  |  | $ | 3,296 |

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- References No definition available. + Details
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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