XML 39 R30.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Stockholders' Equity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2017
Equity [Abstract] |
Summary of Changes in Stockholders' Equity | A summary of the changes in stockholders’ equity for the three months ended March 31, 2017 is as follows:
(In thousands) |  | Stockholders’ Equity |
Balance, December 31, 2016 |  | $ | 479,517 |
Net income |  |  | 6,651 |
Dividend payments |  |  | (4,369 | )
Dividends accrued for unvested restricted stock units |  |  | (8 | )
Net unrealized gains on available-for-sale securities (net of tax) |  |  | 1,335 |
Net unrealized gains on cash flow hedges |  |  | 79 |
Defined benefit plan adjustments (net of tax) |  |  | 55 |
Foreign currency translation adjustment |  |  | 1,242 |
Proceeds from stock option exercises |  |  | 1,377 |
Purchase of treasury stock |  |  | (5,559 | )
ASU 2016-09 adoption |  |  | 10 |
Stock-based compensation expense |  |  | 1,883 |
Balance, March 31, 2017 |  | $ | 482,213 |
Cash Dividends | During the three months ended March 31, 2017, we paid cash dividends as follows (in thousands except per share amounts):
Record Date |  | Payment Date |  | Per Share Amount |  |  | Total Dividend Paid |
February 2, 2017 |  | February 16, 2017 |  | $ | 0.09 |  |  | $ | 4,369 |
Changes in Accumulated Other Comprehensive Income, Net of Tax by Component | The following tables present changes in accumulated other comprehensive income, net of tax, by component for the three months ended March 31, 2017 and 2016:
|  | Three Months Ended March 31, 2017 |
(In thousands) |  | Unrealized Gains (Losses) on Available- for-Sale Securities |  |  | Unrealized Gains (Losses) on Cash Flow Hedges |  |  | Defined Benefit Plan Adjustments |  |  | Foreign Currency Adjustments |  |  | Total |
Beginning balance |  | $ | 404 |  |  | $ | — |  |  | $ | (5,017 | ) |  | $ | (7,575 | ) |  | $ | (12,188 | )
Other comprehensive income (loss) before reclassifications |  |  | 1,620 |  |  |  | 79 |  |  |  | — |  |  |  | 1,242 |  |  |  | 2,941 |
Amounts reclassified from accumulated other comprehensive income |  |  | (285 | ) |  |  | — |  |  |  | 55 |  |  |  | — |  |  |  | (230 | )
Net current period other comprehensive income (loss) |  |  | 1,335 |  |  |  | 79 |  |  |  | 55 |  |  |  | 1,242 |  |  |  | 2,711 |
Ending balance |  | $ | 1,739 |  |  | $ | 79 |  |  | $ | (4,962 | ) |  | $ | (6,333 | ) |  | $ | (9,477 | )
|  | Three Months Ended March 31, 2016 |
(In thousands) |  | Unrealized Gains (Losses) on Available- for-Sale Securities |  |  | Defined Benefit Plan Adjustments |  |  | Foreign Currency Adjustments |  |  | Total |
Beginning balance |  | $ | 1,932 |  |  | $ | (3,895 | ) |  | $ | (7,006 | ) |  | $ | (8,969 | )
Other comprehensive income (loss) before reclassifications |  |  | 758 |  |  |  | — |  |  |  | 1,228 |  |  |  | 1,986 |
Amounts reclassified from accumulated other comprehensive income |  |  | (1,013 | ) |  |  | 45 |  |  |  | — |  |  |  | (968 | )
Net current period other comprehensive income (loss) |  |  | (255 | ) |  |  | 45 |  |  |  | 1,228 |  |  |  | 1,018 |
Ending balance |  | $ | 1,677 |  |  | $ | (3,850 | ) |  | $ | (5,778 | ) |  | $ | (7,951 | )
Reclassifications Out of Accumulated Other Comprehensive Income | The following tables present the details of reclassifications out of accumulated other comprehensive income for the three months ended March 31, 2017 and 2016
(In thousands) |  | Three Months Ended March 31, 2017
Details about Accumulated Other Comprehensive Income Components |  | Amount Reclassified from Accumulated Other Comprehensive Income |  |  | Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gains (losses) on available-for- sale securities: |  |  |  |  |  |
Net realized gain on sales of securities |  | $ | 572 |  |  | Net realized investment gain
Impairment expense |  |  | (103 | ) |  | Net realized investment gain
Defined benefit plan adjustments – actuarial losses |  |  | (80 | ) |  | (1)
Total reclassifications for the period, before tax |  |  | 389 |  |  |
Tax (expense) benefit |  |  | (159 | ) |  |
Total reclassifications for the period, net of tax |  | $ | 230 |  |  |
(1) | Included in the computation of net periodic pension cost. See Note 4 of Notes to Consolidated Financial Statements.
(In thousands) |  | Three Months Ended March 31, 2016
Details about Accumulated Other Comprehensive Income Components |  | Amount Reclassified from Accumulated Other Comprehensive Income |  |  | Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gains (losses) on available-for- sale securities: |  |  |  |  |  |
Net realized gain on sales of securities |  | $ | 1,761 |  |  | Net realized investment gain
Impairment expense |  |  | (100 | ) |  | Net realized investment gain
Defined benefit plan adjustments – actuarial losses |  |  | (65 | ) |  | (1)
Total reclassifications for the period, before tax |  |  | 1,596 |  |  |
Tax (expense) benefit |  |  | (628 | ) |  |
Total reclassifications for the period, net of tax |  | $ | 968 |  |  |
(1) | Included in the computation of net periodic pension cost. See Note 4 of Notes to Consolidated Financial Statements.
Other Comprehensive Income | The following table presents the tax effects related to the change in each component of other comprehensive income for the three months ended March 31, 2017 and 2016:
|  | Three Months Ended |  |  | Three Months Ended |
|  | March 31, 2017 |  |  | March 31, 2016 |
(In thousands) |  | Before-Tax Amount |  |  | Tax (Expense) Benefit |  |  | Net-of-Tax Amount |  |  | Before-Tax Amount |  |  | Tax (Expense) Benefit |  |  | Net-of-Tax Amount |
Unrealized gains (losses) on available-for-sale securities |  | $ | 2,656 |  |  | $ | (1,036 | ) |  | $ | 1,620 |  |  | $ | 1,244 |  |  | $ | (486 | ) |  | $ | 758 |
Unrealized gains (losses) on cash flow hedges |  |  | 79 |  |  |  | — |  |  |  | 79 |  |  |  | — |  |  |  | — |  |  |  | — |
Reclassification adjustment for amounts related to available-for-sale investments included in net income |  |  | (469 | ) |  |  | 184 |  |  |  | (285 | ) |  |  | (1,661 | ) |  |  | 648 |  |  |  | (1,013 | )
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net income |  |  | 80 |  |  |  | (25 | ) |  |  | 55 |  |  |  | 65 |  |  |  | (20 | ) |  |  | 45 |
Foreign currency translation adjustment |  |  | 1,242 |  |  |  | — |  |  |  | 1,242 |  |  |  | 1,228 |  |  |  | — |  |  |  | 1,228 |
Total Other Comprehensive Income (Loss) |  | $ | 3,588 |  |  | $ | (877 | ) |  | $ | 2,711 |  |  | $ | 876 |  |  | $ | 142 |  |  | $ | 1,018 |

X
- Definition Tabular disclosure of information related to dividends declared, including paid and unpaid dividends. + References No definition available. + Details
Name: | us-gaap_DividendsDeclaredTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
Name: | us-gaap_ReclassificationOutOfAccumulatedOtherComprehensiveIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=66004124&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66004124&loc=d3e526-108580 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration