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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2019
Equity [Abstract] |
Stockholders' Equity | 12. STOCKHOLDERS’ EQUITY Stock Repurchase Program Since 1997, our Board of Directors has approved multiple share repurchase programs that have authorized repurchases of our common stock, which are implemented through open market or private purchases from time to time as conditions warrant. During the six months ended June 30, 2019, we repurchased 13,000 shares of our common stock at an average price of $14.06 per share. As of June 30, 2019, we had the authority to purchase an additional 2.5 million shares of our common stock under the current authorization of up to 5.0 million shares. Other Comprehensive Income The following tables present the changes in accumulated other comprehensive income (loss), net of tax, by component for the three months ended June 30, 2019 and 2018:
|  | Three Months Ended June 30, 2019 |
(In thousands) |  | Unrealized Gains (Losses) on Available- for-Sale Securities |  |  | Defined Benefit Plan Adjustments |  |  | Foreign Currency Adjustments |  |  | ASU 2018-02 Adoption (1) |  |  | Total |
As of March 31, 2019 |  | $ | (378 | ) |  | $ | (7,920 | ) |  | $ | (6,972 | ) |  | $ | 385 |  |  | $ | (14,885 | )
Other comprehensive income before reclassifications |  |  | 180 |  |  |  | — |  |  |  | 533 |  |  |  | — |  |  |  | 713 |
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | (73 | ) |  |  | 150 |  |  |  | — |  |  |  | — |  |  |  | 77 |
Net current period other comprehensive income |  |  | 107 |  |  |  | 150 |  |  |  | 533 |  |  |  | — |  |  |  | 790 |
As of June 30, 2019 |  | $ | (271 | ) |  | $ | (7,770 | ) |  | $ | (6,439 | ) |  | $ | 385 |  |  | $ | (14,095 | )
| (1) | With the adoption of ASU 2018-02 on January 1, 2019, stranded tax effects related to the Tax Cuts and Jobs Act of 2017 were reclassified to retained earnings. See Note 1.
|  | Three Months Ended June 30, 2018 |
(In thousands) |  | Unrealized Gains (Losses) on Available- for-Sale Securities |  |  | Defined Benefit Plan Adjustments |  |  | Foreign Currency Adjustments |  |  | Total |
As of March 31, 2018 |  | $ | (845 | ) |  | $ | (4,224 | ) |  | $ | (734 | ) |  | $ | (5,803 | )
Other comprehensive loss before reclassifications |  |  | (82 | ) |  |  | — |  |  |  | (3,424 | ) |  |  | (3,506 | )
Amounts reclassified from accumulated other comprehensive income |  |  | 186 |  |  |  | 5 |  |  |  | — |  |  |  | 191 |
Net current period other comprehensive income (loss) |  |  | 104 |  |  |  | 5 |  |  |  | (3,424 | ) |  |  | (3,315 | )
As of June 30, 2018 |  | $ | (741 | ) |  | $ | (4,219 | ) |  | $ | (4,158 | ) |  | $ | (9,118 | )
The following tables present the changes in accumulated other comprehensive income (loss), net of tax, by component for the six months ended June 30, 2019 and 2018:
|  | Six Months Ended June 30, 2019 |
(In thousands) |  | Unrealized Gains (Losses) on Available- for-Sale Securities |  |  | Defined Benefit Plan Adjustments |  |  | Foreign Currency Adjustments |  |  | ASU 2018-02 Adoption |  |  | Total |
As of December 31, 2018 |  | $ | (563 | ) |  | $ | (8,041 | ) |  | $ | (5,812 | ) |  | $ | — |  |  | $ | (14,416 | )
Other comprehensive income (loss) before reclassifications |  |  | 411 |  |  |  | — |  |  |  | (627 | ) |  |  | — |  |  |  | (216 | )
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | (119 | ) |  |  | 271 |  |  |  | — |  |  |  | — |  |  |  | 152 |
Amounts reclassified to retained earnings (1) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 385 |  |  |  | 385 |
Net current period other comprehensive income (loss) |  |  | 292 |  |  |  | 271 |  |  |  | (627 | ) |  |  | 385 |  |  |  | 321 |
As of June 30, 2019 |  | $ | (271 | ) |  | $ | (7,770 | ) |  | $ | (6,439 | ) |  | $ | 385 |  |  | $ | (14,095 | )
| (1) | With the adoption of ASU 2018-02 on January 1, 2019, stranded tax effects related to the Tax Cuts and Jobs Act of 2017 were reclassified to retained earnings. See Note 1.
|  | Six Months Ended June 30, 2018 |
(In thousands) |  | Unrealized Gains (Losses) on Available- for-Sale Securities |  |  | Defined Benefit Plan Adjustments |  |  | Foreign Currency Adjustments |  |  | Total |
As of December 31, 2017 |  | $ | 2,567 |  |  | $ | (4,286 | ) |  | $ | (1,576 | ) |  | $ | (3,295 | )
Other comprehensive (loss) before reclassifications |  |  | (339 | ) |  |  | — |  |  |  | (2,582 | ) |  |  | (2,921 | )
Amounts reclassified from accumulated other comprehensive income |  |  | 251 |  |  |  | 67 |  |  |  | — |  |  |  | 318 |
Amounts reclassified to retained earnings (1) |  |  | (3,220 | ) |  |  | — |  |  |  | — |  |  |  | (3,220 | )
Net current period other comprehensive income (loss) |  |  | (3,308 | ) |  |  | 67 |  |  |  | (2,582 | ) |  |  | (5,823 | )
As of June 30, 2018 |  | $ | (741 | ) |  | $ | (4,219 | ) |  | $ | (4,158 | ) |  | $ | (9,118 | )
| (1) | With the Company’s adoption of ASU 2016-01 on January 1, 2018, unrealized gains on our equity investments were reclassified to retained earnings. See Note 7.
The following tables present the details of reclassifications out of accumulated other comprehensive income (loss) for the three months ended June 30, 2019 and 2018:
|  | Three Months Ended June 30, 2019
Details about Accumulated Other Comprehensive Income (Loss) Components (In thousands) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  |  | Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gains (losses) on available-for-sale securities: |  |  |  |  |  |
Net realized gains on sales of securities |  | $ | 99 |  |  | Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses |  |  | (217 | ) |  | (1)
Total reclassifications for the period, before tax |  |  | (118 | ) |  |
Tax benefit |  |  | 41 |  |  |
Total reclassifications for the period, net of tax |  | $ | (77 | ) |  |
| (1) | Included in the computation of net periodic pension cost. See Note 5.
|  | Three Months Ended June 30, 2018
Details about Accumulated Other Comprehensive Income (Loss) Components (In thousands) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  |  | Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gain (losses) on available-for-sale securities: |  |  |  |  |  |
Net realized losses on sales of securities |  | $ | (251 | ) |  | Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses |  |  | (7 | ) |  | (1)
Total reclassifications for the period, before tax |  |  | (258 | ) |  |
Tax benefit |  |  | 67 |  |  |
Total reclassifications for the period, net of tax |  | $ | (191 | ) |  |
| (1) | Included in the computation of net periodic pension cost. See Note 5.
The following tables present the details of reclassifications out of accumulated other comprehensive income (loss) for the six months ended June 30, 2019 and 2018:
|  | Six Months Ended June 30, 2019
Details about Accumulated Other Comprehensive Income (Loss) Components (In thousands) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  |  | Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gains (losses) on available-for-sale securities: |  |  |  |  |  |
Net realized gains on sales of securities |  | $ | 161 |  |  | Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses |  |  | (393 | ) |  | (1)
Total reclassifications for the period, before tax |  |  | (232 | ) |  |
Tax benefit |  |  | 80 |  |  |
Total reclassifications for the period, net of tax |  | $ | (152 | ) |  |
| (1) | Included in the computation of net periodic pension cost. See Note 5.
|  | Six Months Ended June 30, 2018
Details about Accumulated Other Comprehensive Income (Loss) Components (In thousands) |  | Amount Reclassified from Accumulated Other Comprehensive Income (Loss) |  |  | Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gains (losses) on available-for-sale securities: |  |  |  |  |  |
Net realized losses on sales of securities |  | $ | (324 | ) |  | Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses |  |  | (97 | ) |  | (1)
Total reclassifications for the period, before tax |  |  | (421 | ) |  |
Tax benefit |  |  | 103 |  |  |
Total reclassifications for the period, net of tax |  | $ | (318 | ) |  |
| (1) | Included in the computation of net periodic pension cost. See Note 5.
The following table presents the tax effects related to the change in each component of other comprehensive income (loss) for the three months ended June 30, 2019 and 2018:
|  | Three Months Ended |  |  | Three Months Ended |
|  | June 30, 2019 |  |  | June 30, 2018 |
(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 |  | $ | 243 |  |  | $ | (63 | ) |  | $ | 180 |  |  | $ | (111 | ) |  | $ | 29 |  |  | $ | (82 | )
Reclassification adjustment for amounts related to available-for-sale investments included in net income (loss) |  |  | (99 | ) |  |  | 26 |  |  |  | (73 | ) |  |  | 251 |  |  |  | (65 | ) |  |  | 186 |
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net income (loss) |  |  | 217 |  |  |  | (67 | ) |  |  | 150 |  |  |  | 7 |  |  |  | (2 | ) |  |  | 5 |
Foreign currency translation adjustment |  |  | 533 |  |  |  | — |  |  |  | 533 |  |  |  | (3,424 | ) |  |  | — |  |  |  | (3,424 | )
Total Other Comprehensive Income (Loss) |  | $ | 894 |  |  | $ | (104 | ) |  | $ | 790 |  |  | $ | (3,277 | ) |  | $ | (38 | ) |  | $ | (3,315 | )
The following table presents the tax effects related to the change in each component of other comprehensive income (loss) for the six months ended June 30, 2019 and 2018:
|  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, 2019 |  |  | June 30, 2018 |
(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 |  | $ | 555 |  |  | $ | (144 | ) |  | $ | 411 |  |  | $ | (458 | ) |  | $ | 119 |  |  | $ | (339 | )
Reclassification adjustment for amounts related to available-for-sale investments included in net income (loss) |  |  | (161 | ) |  |  | 42 |  |  |  | (119 | ) |  |  | 324 |  |  |  | (73 | ) |  |  | 251 |
Reclassification adjustment for amounts reclassed to retained earnings related to the adoption of ASU 2016-01 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,220 | ) |  |  | — |  |  |  | (3,220 | )
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net income (loss) |  |  | 393 |  |  |  | (122 | ) |  |  | 271 |  |  |  | 97 |  |  |  | (30 | ) |  |  | 67 |
Foreign currency translation adjustment |  |  | (627 | ) |  |  | — |  |  |  | (627 | ) |  |  | (2,582 | ) |  |  | — |  |  |  | (2,582 | )
Total Other Comprehensive Income (Loss) |  | $ | 160 |  |  | $ | (224 | ) |  | $ | (64 | ) |  | $ | (5,839 | ) |  | $ | 16 |  |  | $ | (5,823 | )

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- References No definition available. + Details
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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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