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OTHER
 3 Months Ended
Mar. 31, 2019
OTHER
NOTE N — OTHER
Cash dividends
On March 12, 2019, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on May 15, 2019 to shareholders of record on May 1, 2019. As of March 31, 2019, the Company accrued $0.9 million for the payment of this dividend. On February 15, 2019, the Company paid dividends of $0.9
million to shareholders of record on February 1, 2019.
Supplemental cash flow information
 
 
 
Three Months
Ended 
March 31,
 
 
 
2019
 
 
2018
 
 
 
(in thousands)
 
Supplemental disclosure of cash flow information:
 
 
 
 
 
 
 
 
Cash paid for interest
 
$
4,494
 
 
$
746
 
Cash paid for taxes
 
 
98
 
 
 
70
 
Non-cash investing activities:
 
 
 
 
 
 
 
 
Translation gain adjustment
 
$
1,306
 
 
$
3,380
 
 
 
Components of accumulated other comprehensive loss, net
 
 
 
Three Months Ended

March 31,
 
 
 
2019
 
 
2018
 
 
 
(in thousands)
 
Accumulated translation adjustment:
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
(33,727
)
 
$
(27,821
)
Translation gain during period
 
 
1,306
 
 
 
3,380
 
Balance at end of period
 
$
(32,421
)
 
$
(24,441
)
Accumulated deferred gains (losses) on cash flow hedges:
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
161
 
 
$
14
 
Amounts reclassified from accumulated other comprehensive loss:
(1)
 
 
 
 
 
 
 
 
Settlement of cash flow hedge
 
 
29
 
 
 
(14
)
Derivative fair
value adjustment, net of taxes of $189 and $0 for the three month periods ended March 31, 2019 and 2018, respectively
 
 
567
 
 
 
—
 
Balance at end of period
 
$
757
 
 
$
—
 
Accumulated effect of retirement benefit obligations:
 
 
 
 
 
 
 
 
Balance at beginning of period
 
$
(1,050
)
 
$
(1,518
)
Amounts reclassified from accumulated other comprehensive loss:
(2)
 
 
 
 
 
 
 
 
Amortization of actuarial losses, net of taxes of $8 and $12 for the three month periods ended March 31, 2019 and 2018, respectively.
 
 
13
 
 
 
18
 
Balance at end of period
 
$
(1,037
)
 
$
(1,500
)
Total accumulated other comprehensive loss at end of period
 
$
(32,701)
 
 
$
(25,941
)
 
(1)
Amounts are recorded on the condensed consolidated statement of operations as a component of cost of sales in the three month period ended March 31, 2019 and in interest expense in the three month period ended March 31, 2018.
(2)
Amounts are recorded in selling, general and administrative expense on the condensed consolidated statements of operations.