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Shareholders' Equity | 6 Months Ended
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Jun. 30, 2016
Equity [Abstract] |
Shareholders' Equity | Shareholders' Equity The Company has three classes of common stock as follows (share data in millions):
|  |  | Issued Common Stock
| Authorized Shares |  | Outstanding |  | Treasury |  | Total Issued Shares
Class A stock ($0.025 par value) | 80.0 |  |  |  |  |  |  |
June 30, 2016 |  |  | 35.8 |  |  | 4.2 |  |  | 40.0 |
December 31, 2015 |  |  | 35.4 |  |  | 4.6 |  |  | 40.0 |
Class B stock ($0.025 par value) | 80.0 |  |  |  |  |  |  |
June 30, 2016 |  |  | 14.2 |  |  | 0.8 |  |  | 15.0 |
December 31, 2015 |  |  | 14.2 |  |  | 0.8 |  |  | 15.0 |
Class C stock ($0.025 par value) | 20.0 |  |  |  |  |  |  |
June 30, 2016 |  |  | — |  |  | 0.5 |  |  | 0.5 |
December 31, 2015 |  |  | — |  |  | 0.5 |  |  | 0.5 |
In accordance with the Articles of Incorporation, each class A common share has one vote per share and each class B and class C common share has ten votes per share on all matters voted upon by the Company's shareholders. Liquidation rights are the same for all three classes of common stock. The Company also has 0.5 million shares of $0.01 par value preferred stock authorized, of which none were issued at June 30, 2016, and December 31, 2015. The Company has no present plans to issue any preferred stock. On September 6, 2011, the Company's Board of Directors authorized a share repurchase program of up to $100.0 million of the Company's outstanding class A common stock. There were no share repurchases during the three months ended June 30, 2016. During the six months ended June 30, 2016, the Company repurchased 984,190 shares of its class A common stock at a weighted average price of $8.96 per share for a total purchase price of $8.8 million. As of June 30, 2016, there were $82.9 million of authorized repurchases remaining under the program. In accordance with the Articles of Incorporation, dividends are paid equally for all three classes of common shares. The dividend activity related to the then outstanding shares for the six months ended June 30, 2016 and 2015, was as follows:
| Declaration Date |  | Record Date |  | Payment Date |  | Dividend Amount per Share
2016 |  |  |  |  |  |  |
Q2 Dividend | May 3, 2016 |  | June 6, 2016 |  | June 17, 2016 |  | $ | 0.30 |
Q1 Dividend | February 19, 2016 |  | March 7, 2016 |  | March 18, 2016 |  | 0.30 |
2015 |  |  |  |  |  |  |
Q2 Dividend | May 5, 2015 |  | June 8, 2015 |  | June 19, 2015 |  | $ | 0.30 |
Q1 Dividend | February 23, 2015 |  | March 9, 2015 |  | March 20, 2015 |  | 0.30 |
Activity impacting shareholders' equity for the six months ended June 30, 2016, was as follows:
| Shareholders' Equity
Balance at December 31, 2015 | $ | 423.9 |
Net loss | (3.9 | )
Foreign currency translation adjustments | 7.1 |
Cash dividends declared | (31.4 | )
Stock-based compensation | 8.2 |
Purchases of treasury stock | (8.8 | )
Sale of stock for options exercised | 1.7 |
Shares withheld from employees for the tax obligations paid on equity grants | (1.4 | )
Balance at June 30, 2016 | $ | 395.4 |

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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://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
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