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OTHER | 9 Months Ended
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Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
OTHER | OTHER Cash dividends Dividends declared in the nine months ended September 30, 2020 were as follows:
Dividend per share |  | Date declared |  | Date of record |  | Payment date
$0.0425 |  | 3/10/2020 |  | 11/16/2020 |  | 12/16/2020
$0.0425 |  | 6/25/2020 |  | 8/3/2020 |  | 8/17/2020
$0.0425 |  | 8/4/2020 |  | 11/2/2020 |  | 11/16/2020
On February 14, 2020 and August 17, 2020 the Company paid dividends of $0.9 million and $0.9 million to shareholders of record on January 31, 2020 and August 3, 2020. In 2020, the Company declared dividends as follows: •On March 10, 2020, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on May 15, 2020 to shareholders of record on May 1, 2020. Subsequently, the Company issued a press release on April 23, 2020, announcing that the Board of Directors unanimously approved the rescheduling of the May quarterly dividend. Accordingly, shareholders of record as of November 16, 2020 will be eligible to receive a dividend of $0.0425 per share on December 16, 2020. •On June 25, 2020, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on August 17, 2020 to shareholders of record on August 3, 2020. •On August 4, 2020, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on November 16, 2020 to shareholders of record on November 2, 2020. •On November 3, 2020, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on February 12, 2021 to shareholders of record on January 29, 2021. In the three months ended September 30, 2020, the Company reduced retained earnings for the accrual of $0.9 million relating to the dividend payable on November 16, 2020. For the nine months ended September 30, 2020, the Company reduced retained earnings by $2.8 million relating to the dividends declared through September 30, 2020. Supplemental cash flow information
| Nine Months Ended September 30,
| 2020 |  | 2019
| (in thousands)
Supplemental disclosure of cash flow information: |  |  |
Cash paid for interest | $ | 11,750 |  |  | $ | 13,876 |
Cash paid for taxes (net of refunds) | (85) |  |  | 938 |
Non-cash investing activities: |  |  |
Translation loss adjustment | $ | (5,062) |  |  | $ | (4,032) |
Components of accumulated other comprehensive loss, net
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
| (in thousands)
Accumulated translation adjustment: |  |  |  |  |  |  |
Balance at beginning of period | $ | (40,991) |  |  | $ | (35,374) |  |  | $ | (34,019) |  |  | $ | (33,727) |
Translation income (loss) during period | 2,145 |  |  | (2,385) |  |  | (5,062) |  |  | (4,032) |
Amounts reclassified from accumulated other comprehensive loss (1) | — |  |  | — |  |  | 235 |  |  | — |
Translation Adjustment | 2,145 |  |  | (2,385) |  |  | (4,827) |  |  | (4,032) |
Balance at end of period | $ | (38,846) |  |  | $ | (37,759) |  |  | $ | (38,846) |  |  | $ | (37,759) |
Accumulated deferred (losses) gains on cash flow hedges: |  |  |  |  |  |  |
Balance at beginning of period | $ | (1,612) |  |  | $ | 1,739 |  |  | $ | 1,164 |  |  | $ | 161 |
Amounts reclassified from accumulated other comprehensive loss: |  |  |  |  |  |  |
Settlement of cash flow hedge (2) | 305 |  |  | (143) |  |  | 664 |  |  | (166) |
Change in unrealized (losses) gains | (89) |  |  | 294 |  |  | (3,224) |  |  | 1,895 |
Net change in cash flow hedges, net of taxes of $73 and $36 for the three months ended September 30, 2020 and 2019, respectively and $(856) and $531 for the nine months ended September 30, 2020 and 2019, respectively. | 216 |  |  | 151 |  |  | (2,560) |  |  | 1,729 |
Balance at end of period | $ | (1,396) |  |  | $ | 1,890 |  |  | $ | (1,396) |  |  | $ | 1,890 |
Accumulated effect of retirement benefit obligations: |  |  |  |  |  |  |
Balance at beginning of period | $ | (1,561) |  |  | $ | (1,025) |  |  | $ | (1,600) |  |  | $ | (1,050) |
Amounts reclassified from accumulated other comprehensive loss: (3) |  |  |  |  |  |  |
Amortization of actuarial loss, net of taxes | 20 |  |  | 13 |  |  | 59 |  |  | 38 |
Balance at end of period | $ | (1,541) |  |  | $ | (1,012) |  |  | $ | (1,541) |  |  | $ | (1,012) |
Total accumulated other comprehensive loss at end of period | $ | (41,783) |  |  | $ | (36,881) |  |  | $ | (41,783) |  |  | $ | (36,881) |
(1)Amount is recorded in equity in earnings (losses) on the unaudited condensed consolidated statements of operations. (2)Amounts reclassified are recorded in interest expense and cost of sales on the unaudited condensed consolidated statement of operations. (3)Amounts are recorded in selling, general and administrative expense on the unaudited condensed consolidated statements of operations.

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