NOTE K — OTHER

Cash dividends

On March 11, 2014, the Board of Directors declared a quarterly dividend of $0.0375 per share payable on May 15, 2014 to shareholders of record on May 1, 2014. As of March 31, 2014, the Company accrued $505,000 for the payment of the dividend.

Supplemental cash flow information


	Three Months Ended March 31,
	2014			2013
	(in thousands)
Supplemental disclosure of cash flow information:
Cash paid for interest	$	1,099		$	908
Cash paid for taxes		4,340			4,375
Non-cash investing activities:
Translation adjustment	$	(690	)	$	(1,125	)

Components of accumulated other comprehensive loss, net


	Three Months Ended March 31,
	2014			2013
	(in thousands)
Accumulated translation adjustment:
Balance at beginning of period	$	(2,944	)	$	(2,804	)
Translation gain during period		690			1,125

Balance at end of period	$	(2,254	)	$	(1,679	)

Accumulated effect of retirement benefit obligations:
Balance at beginning of period	$	(745	)	$	(1,160	)
Amounts reclassified from accumulated other comprehensive loss:
Amortization of actuarial losses, net of tax of $5 and $9 for the three months ended March 31, 2014 and 2013, respectively ⁽¹⁾		7			13

Balance at end of period	$	(738	)	$	(1,147	)

Accumulated deferred losses on cash flow hedges:
Balance at beginning of period	$	(31	)	$	(272	)
Derivative fair value adjustment, net of tax of $6 and $9 for the three months ended March 31, 2014 and 2013, respectively		9			13

Balance at end of period	$	(22	)	$	(259	)

(1)	Amounts are recorded in selling, general and administrative expense on the Condensed consolidated statements of operations.