NOTE K — OTHER

Cash dividends

On March 3, 2016, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on May 16, 2016 to shareholders of record on May 2, 2016. As of March 31, 2016, the Company accrued $623,000 for the payment of the dividend.

Supplemental cash flow information


	Three Months Ended March 31,
	2016		2015
	(in thousands)
Supplemental disclosure of cash flow information:
Cash paid for interest	$	1,028	$	1,151
Cash paid for taxes		5,881		6,018

Non-cash investing activities:
Translation adjustment	$	1,679	$	2,705

Components of accumulated other comprehensive loss, net


	Three Months Ended
	March 31,
	2016			2015
	(in thousands)
Accumulated translation adjustment:
Balance at beginning of period	$	(12,961	)	$	(7,680	)
Translation loss during period		(1,679	)		(2,705	)

Balance at end of period	$	(14,640	)	$	(10,385	)


Accumulated deferred losses on cash flow hedges:
Balance at beginning of period	$	(20	)	$	(18	)
Derivative fair value adjustment, net of taxes of $29 and $49 for the three month periods ended March 31, 2016 and 2015, respectively.		(43	)		(54	)

Balance at end of period	$	(63	)	$	(72	)


Accumulated effect of retirement benefit obligations:
Balance at beginning of period	$	(1,204	)	$	(2,224	)
Amounts reclassified from accumulated other comprehensive loss: ⁽¹⁾

Amortization of actuarial losses, net of taxes of $9 and $13 for the three month periods ended March 31, 2016 and 2015, respectively.		14			20

Balance at end of period	$	(1,190	)	$	(2,204	)


Total accumulated other comprehensive loss at end of period	$	(15,893	)	$	(12,661	)

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