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OTHER | 9 Months Ended
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Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
OTHER | OTHER Cash dividends Dividends declared in the nine months ended September 30, 2021 were as follows:
Dividend per share |  | Date declared |  | Date of record |  | Payment date
$0.0425 |  | 3/9/2021 |  | 5/3/2021 |  | 5/17/2021
$0.0425 |  | 6/24/2021 |  | 8/2/2021 |  | 8/16/2021
$0.0425 |  | 8/3/2021 |  | 11/1/2021 |  | 11/15/2021
During the nine months ended September 30, 2021, the Company paid dividends of $2.9 million. This included payments made on February 12, 2021, May 17, 2021 and August 16, 2021 of $0.9 million, $0.9 million and $0.9 million, respectively, to shareholders of record on January 29, 2021, May 3, 2021 and August 2, 2021 respectively, and payments of $0.2 million for dividends payable upon the vesting of restricted shares and performance shares. In the three months ended September 30, 2021, the Company reduced retained earnings for the accrual of $1.0 million relating to the dividend payable on November 15, 2021. For the nine months ended September 30, 2021, the Company reduced retained earnings for the accrual of $2.9 million relating to the dividend payable on May 17, 2021, August 16, 2021 and November 15, 2021. On November 2, 2021, the Board of Directors declared a quarterly dividend of $0.0425 per share payable on February 14, 2022 to shareholders of record on January 31, 2022. Supplemental cash flow information
| Nine Months Ended September 30,
| 2021 |  | 2020
| (in thousands)
Supplemental disclosure of cash flow information: |  |  |
Cash paid for interest | $ | 10,279 |  |  | $ | 11,750 |
Cash paid for taxes, net of refunds | 12,616 |  |  | (85) |
Non-cash investing activities: |  |  |
Translation income (loss) adjustment | $ | 1,059 |  |  | $ | (5,062) |
Components of accumulated other comprehensive loss, net
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2021 |  | 2020 |  | 2021 |  | 2020
| (in thousands)
Accumulated translation adjustment: |  |  |  |  |  |  |
Balance at beginning of period | $ | (31,623) |  |  | $ | (40,991) |  |  | $ | (35,846) |  |  | $ | (34,019) |
Translation (loss) income during period | (1,122) |  |  | 2,145 |  |  | 1,059 |  |  | (5,062) |
Amounts reclassified from accumulated other comprehensive loss (1) | 1,362 |  |  | — |  |  | 3,404 |  |  | 235 |
Translation Adjustment | 240 |  |  | 2,145 |  |  | 4,463 |  |  | (4,827) |
Balance at end of period | $ | (31,383) |  |  | $ | (38,846) |  |  | $ | (31,383) |  |  | $ | (38,846) |
Accumulated deferred losses on cash flow hedges: |  |  |  |  |  |  |
Balance at beginning of period | $ | (1,062) |  |  | $ | (1,612) |  |  | $ | (1,125) |  |  | $ | 1,164 |
Change in unrealized gain (losses) | 528 |  |  | (89) |  |  | (255) |  |  | (3,224) |
Amounts reclassified from accumulated other comprehensive loss: |  |  |  |  |  |  |
Settlement of cash flow hedge (2) | 464 |  |  | 305 |  |  | 1,310 |  |  | 664 |
Net change in cash flow hedges, net of taxes of $(247), $(73), $(301), $856 | 992 |  |  | 216 |  |  | 1,055 |  |  | (2,560) |
Balance at end of period | $ | (70) |  |  | $ | (1,396) |  |  | $ | (70) |  |  | $ | (1,396) |
Accumulated effect of retirement benefit obligations: |  |  |  |  |  |  |
Balance at beginning of period | $ | (2,133) |  |  | $ | (1,561) |  |  | $ | (2,201) |  |  | $ | (1,600) |
Amounts reclassified from accumulated other comprehensive loss: (3) |  |  |  |  |  |  |
Amortization of actuarial loss, net of taxes | 33 |  |  | 20 |  |  | 101 |  |  | 59 |
Balance at end of period | $ | (2,100) |  |  | $ | (1,541) |  |  | $ | (2,100) |  |  | $ | (1,541) |
Total accumulated other comprehensive loss at end of period | $ | (33,553) |  |  | $ | (41,783) |  |  | $ | (33,553) |  |  | $ | (41,783) |
(1)Amounts are recorded in equity in earnings (losses) on the unaudited condensed statements of operations. (2)Amounts reclassified are recorded in interest expense and cost of sales on the unaudited condensed consolidated statement of operations.

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