NOTE M — OTHER

Cash dividends

On March 8, 2018, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on May 15, 2018 to shareholders of record on May 1, 2018. As of March 31, 2018, the Company accrued $0.9 million for the payment of these dividends. On February 15, 2018, the Company paid dividends of $624,000 to shareholders of record on February 1, 2018.

Supplemental cash flow information


	Three Months Ended March 31,
	2018		2017
	(in thousands)
Supplemental disclosure of cash flow information:
Cash paid for interest	$	746	$	787
Cash paid for taxes		70		537

Non-cash investing activities:
Translation gain adjustment	$	3,380	$	1,976

Components of accumulated other comprehensive loss, net


	Three Months Ended March 31,
	2018			2017
	(in thousands)
Accumulated translation adjustment:
Balance at beginning of period	$	(27,821	)	$	(35,644	)
Translation gain during period		3,380			1,976

Balance at end of period	$	(24,441	)	$	(33,668	)

Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of period	$	14		$	(3	)
Amounts reclassified from accumulated other comprehensive loss: ⁽¹⁾
Settlement of cash flow hedge		(14	)		—
Derivative fair value adjustment, net of taxes of $0 and $9 for the three month periods ended March 31, 2018 and 2017, respectively.		—			13

Balance at end of period	$	—		$	10

Accumulated effect of retirement benefit obligations:
Balance at beginning of period	$	(1,518	)	$	(1,352	)
Amounts reclassified from accumulated other comprehensive loss: ⁽²⁾
Amortization of actuarial losses, net of taxes of $12 and $10 for the three month periods ended March 31, 2018 and 2017, respectively.		18			15

Balance at end of period	$	(1,500	)	$	(1,337	)

(1)	Amount is recorded as interest expense on the condensed consolidated statement of operations.

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