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OTHER (Tables)
6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Cash Dividends Declared
Dividends declared in the six months ended June 30, 2024 were as follows:
Dividend per shareDate declaredDate of recordPayment date
$0.04253/8/20245/1/20245/15/2024
$0.04256/20/20248/1/20248/15/2024
Supplemental Cash Flow Information
Supplemental cash flow information
Six Months Ended
June 30,
20242023
(in thousands)
Supplemental disclosure of cash flow information:
Cash paid for interest$9,853 $10,453 
Cash paid for taxes, net of refunds4,193 3,188 
Components of Accumulated Other Comprehensive Loss, Net
Components of accumulated other comprehensive loss, net
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
(in thousands)
Accumulated translation adjustment:
Balance at beginning of period$(32,574)$(34,511)$(32,614)$(36,072)
Translation adjustment during period53 1,237 93 2,798 
Amounts reclassified from accumulated other comprehensive loss (1)
14,152 — 14,152 — 
Net change in translation adjustment 14,205 1,237 14,245 2,798 
Balance at end of period$(18,369)$(33,274)$(18,369)$(33,274)
Accumulated deferred gains (losses) on cash flow hedges:
Balance at beginning of period$67 $(230)$(134)$923 
Change in unrealized gains (losses)
(261)72 (511)
Amounts reclassified from accumulated other comprehensive loss:
Settlement of cash flow hedge (2)
20 (39)151 (942)
Net change in cash flow hedges, net of taxes of $0, $0, $0, $(2)
22 (300)223 (1,453)
Balance at end of period$89 $(530)$89 $(530)
Accumulated effect of retirement benefit obligations:
Balance at beginning of period$(738)$(693)$(751)$(705)
Amounts reclassified from accumulated other comprehensive loss: (3)
Amortization of actuarial loss, net of taxes of $(4), $(4), $(8), $(8)
12 11 25 23 
Balance at end of period$(726)$(682)$(726)$(682)
Total accumulated other comprehensive loss at end of period
$(19,006)$(34,486)$(19,006)$(34,486)
(1)Amounts reclassified to the Vasconia investment carrying value as a result of the discontinuation of the equity method investment of accounting and subsequently recognized as a loss on equity securities in the unaudited condensed consolidated statements of operations, to reduce the Vasconia investment to its fair value. Refer to NOTE 4 —INVESTMENT for additional information.
(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.