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OTHER | 6 Months Ended
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Jun. 30, 2014
OTHER | NOTE K — OTHER Cash dividends Dividends declared in the six months ended June 30, 2014 are as follows:
Dividend per share |  |  | Date declared |  | Date of record |  | Payment date
$ | 0.03750 |  |  | March 11, 2014 |  | May 1, 2014 |  | May 15, 2014
$ | 0.03750 |  |  | June 19, 2014 |  | August 1, 2014 |  | August 15, 2014
On February 15, 2014 and May 15, 2014, the Company paid cash dividends of $501,000 and $506,000, respectively, which reduced retained earnings. In the three months ended June 30, 2014, the Company reduced retained earnings for the accrual of $507,000 relating to the dividend payable on August 15, 2014. On July 29, 2014, the Board of Directors declared a quarterly dividend of $0.0375 per share payable on November 14, 2014 to shareholders of record on October 31, 2014. Dividends declared in the six months ended June 30, 2013 are as follows:
Dividend per share |  |  | Date declared |  | Date of record |  | Payment date
$ | 0.031 |  |  | March 12, 2013 |  | May 1, 2013 |  | May 15, 2013
$ | 0.031 |  |  | June 13, 2013 |  | August 1, 2013 |  | August 15, 2013
Stock repurchase program On April 30, 2013, Lifetime’s Board of Directors authorized the repurchase of up to $10.0 million of the Company’s common stock. The repurchase authorization permits the Company to effect the repurchases from time to time through open market purchases and privately negotiated transactions. During the three months ended June 30, 2013, the Company repurchased 245,575 shares under the April 2013 authorization at a total cost of $3.2 million and thereafter retired the shares. No shares were repurchased during the three and six months ended June 30, 2014. Supplemental cash flow information
|  | Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |
|  | (in thousands) |
Supplemental disclosure of cash flow information: |  |  |  |  |  |  |  |
Cash paid for interest |  | $ | 2,421 |  |  | $ | 1,842 |
Cash paid for taxes |  |  | 4,406 |  |  |  | 4,891 |
Non-cash investing activities: |  |  |  |  |  |  |  |
Translation adjustment |  | $ | (1,732 | ) |  | $ | 390 |
Components of accumulated other comprehensive loss, net
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2014 |  |  | 2013 |  |  | 2014 |  |  | 2013 |
|  | (in thousands) |
Accumulated translation adjustment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (2,254 | ) |  | $ | (1,679 | ) |  | $ | (2,944 | ) |  | $ | (2,804 | )
Translation gain (loss) during period |  |  | 1,042 |  |  |  | (1,515 | ) |  |  | 1,732 |  |  |  | (390 | )
Balance at end of period |  | $ | (1,212 | ) |  | $ | (3,194 | ) |  | $ | (1,212 | ) |  | $ | (3,194 | )
Accumulated deferred losses on cash flow hedges: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (22 | ) |  | $ | (259 | ) |  | $ | (31 | ) |  | $ | (272 | )
Derivative fair value adjustment, net of taxes of $29 and $154 for the three months ended June 30, 2014 and June 30, 2013, respectively, and $23 and $163 for the six months ended June 30, 2014 and June 30, 2013, respectively |  |  | (43 | ) |  |  | 231 |  |  |  | (34 | ) |  |  | 244 |
Balance at end of period |  | $ | (65 | ) |  | $ | (28 | ) |  | $ | (65 | ) |  | $ | (28 | )
Accumulated effect of retirement benefit obligations: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at beginning of period |  | $ | (738 | ) |  | $ | (1,147 | ) |  | $ | (745 | ) |  | $ | (1,160 | )
Amounts reclassified from accumulated other comprehensive loss: (1) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amortization of actuarial losses, net of taxes of $5 and $9 for the three months ended June 30, 2014 and 2013, respectively, and $9 and $18 for the six months ended June 30, 2014 and 2013, respectively |  |  | 7 |  |  |  | 13 |  |  |  | 14 |  |  |  | 26 |
Balance at end of period |  | $ | (731 | ) |  | $ | (1,134 | ) |  | $ | (731 | ) |  | $ | (1,134 | )
Total accumulated other comprehensive loss at end of period |  | $ | (2,008 | ) |  | $ | (4,356 | ) |  | $ | (2,008 | ) |  | $ | (4,356 | )
(1) | Amounts are recorded in selling, general and administrative expense on the Condensed consolidated statements of operations.

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- Definition The entire disclosures of supplemental information, including descriptions and amounts, related to the balance sheet, income statement, and/or cash flow statement. + References No definition available. + Details
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