NOTE K — OTHER

Cash dividends

On March 8, 2017, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on May 15, 2017 to shareholders of record on May 1, 2017. On February 15, 2017, the Company paid dividends of $613,000 to shareholders of record on February 1, 2017. As of March 31, 2017, the Company accrued $680,000 for the payment of dividends.

Supplemental cash flow information


	Three Months Ended March 31,
	2017		2016
	(in thousands)
Supplemental disclosure of cash flow information:
Cash paid for interest	$	787	$	1,028
Cash paid for taxes		537		5,881

Non-cash investing activities:
Translation gain (loss) adjustment	$	1,976	$	(1,679	)

Components of accumulated other comprehensive loss, net


	Three Months Ended March 31,
	2017			2016
	(in thousands)
Accumulated translation adjustment:
Balance at beginning of period	$	(35,644	)	$	(12,961	)
Translation gain (loss) during period		1,976			(1,679	)

Balance at end of period	$	(33,668	)	$	(14,640	)

Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of period	$	(3	)	$	(20	)
Derivative fair value adjustment, net of taxes of $9 and $29 for the three month periods ended March 31, 2017 and 2016, respectively.		13			(43	)

Balance at end of period	$	10		$	(63	)

Accumulated effect of retirement benefit obligations:
Balance at beginning of period	$	(1,352	)	$	(1,204	)
Amounts reclassified from accumulated other comprehensive loss: ⁽¹⁾
Amortization of actuarial losses, net of taxes of $10 and $9 for the three month periods ended March 31, 2017 and 2016, respectively.		15			14

Balance at end of period	$	(1,337	)	$	(1,190	)

Total accumulated other comprehensive loss at end of period	$	(34,995	)	$	(15,893	)

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