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Stockholders' Equity | 6 Months Ended
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Jun. 30, 2020
Equity [Abstract] |
Stockholders' Equity | 14. STOCKHOLDERS’ EQUITY Stock Repurchase Program Since 1997, the Company’s Board of Directors has approved multiple share repurchase programs that have authorized repurchases of its 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, 2020, we did not repurchase shares of our common stock. As of June 30, 2020, 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. Accumulated Other Comprehensive Income (Loss) The following tables present the changes in accumulated other comprehensive loss, net of tax, by component for the three months ended June 30, 2020 and 2019:
|  | Three Months Ended June 30, 2020 |
(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, 2020 |  | $ | (167 | ) |  | $ | (9,085 | ) |  | $ | (8,942 | ) |  | $ | 385 |  |  | $ | (17,809 | )
Other comprehensive income before reclassifications |  |  | 881 |  |  |  | — |  |  |  | 1,899 |  |  |  | — |  |  |  | 2,780 |
Amounts reclassified from accumulated other comprehensive income (loss) |  |  | (508 | ) |  |  | 191 |  |  |  | — |  |  |  | — |  |  |  | (317 | )
Net current period other comprehensive income |  |  | 373 |  |  |  | 191 |  |  |  | 1,899 |  |  |  | — |  |  |  | 2,463 |
As of June 30, 2020 |  | $ | 206 |  |  | $ | (8,894 | ) |  | $ | (7,043 | ) |  | $ | 385 |  |  | $ | (15,346 | )
|  | 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.
The following tables present the changes in accumulated other comprehensive loss, net of tax, by component for the six months ended June 30, 2020 and 2019:
|  | Six Months Ended June 30, 2020 |
(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 December 31, 2019 |  | $ | (284 | ) |  | $ | (9,226 | ) |  | $ | (7,292 | ) |  | $ | 385 |  |  | $ | (16,417 | )
Other comprehensive income (loss) before reclassifications |  |  | (50 | ) |  |  | — |  |  |  | 249 |  |  |  | — |  |  |  | 199 |
Amounts reclassified from accumulated other comprehensive income |  |  | 540 |  |  |  | 332 |  |  |  | — |  |  |  | — |  |  |  | 872 |
Net current period other comprehensive income |  |  | 490 |  |  |  | 332 |  |  |  | 249 |  |  |  | — |  |  |  | 1,071 |
As of June 30, 2020 |  | $ | 206 |  |  | $ | (8,894 | ) |  | $ | (7,043 | ) |  | $ | 385 |  |  | $ | (15,346 | )
|  | 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 (1) |  |  | 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.
The following tables present the details of reclassifications out of accumulated other comprehensive loss for the three months ended June 30, 2020 and 2019:
|  | Three Months Ended June 30, 2020
(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 |  | $ | 686 |  |  | Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses |  |  | (277 | ) |  | (1)
Total reclassifications for the period, before tax |  |  | 409 |  |  |
Tax expense |  |  | (92 | ) |  |
Total reclassifications for the period, net of tax |  | $ | 317 |  |  |
| (1) | Included in the computation of net periodic pension cost. See Note 5.
|  | Three Months Ended June 30, 2019
(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.
The following tables present the details of reclassifications out of accumulated other comprehensive loss for the six months ended June 30, 2020 and 2019:
|  | Six Months Ended June 30, 2020
(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 |  | $ | (730 | ) |  | Net investment gain
Defined benefit plan adjustments – actuarial losses |  |  | (481 | ) |  | (1)
Total reclassifications for the period, before tax |  |  | (1,211 | ) |  |
Tax benefit |  |  | 339 |  |  |
Total reclassifications for the period, net of tax |  | $ | (872 | ) |  |
| (1) | Included in the computation of net periodic pension cost. See Note 5.
|  | Six Months Ended June 30, 2019
(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
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.
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, 2020 and 2019:
|  | Three Months Ended |  |  | Three Months Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |
(In thousands) |  | Before-Tax Amount |  |  | Tax (Expense) Benefit |  |  | Net-of-Tax Amount |  |  | Before-Tax Amount |  |  | Tax (Expense) Benefit |  |  | Net-of-Tax Amount |
Unrealized gain on available-for-sale securities |  | $ | 1,191 |  |  | $ | (310 | ) |  | $ | 881 |  |  | $ | 243 |  |  | $ | (63 | ) |  | $ | 180 |
Reclassification adjustment for amounts related to available-for-sale investments included in net income (loss) |  |  | (686 | ) |  |  | 178 |  |  |  | (508 | ) |  |  | (99 | ) |  |  | 26 |  |  |  | (73 | )
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net income (loss) |  |  | 277 |  |  |  | (86 | ) |  |  | 191 |  |  |  | 217 |  |  |  | (67 | ) |  |  | 150 |
Foreign currency translation adjustment |  |  | 1,899 |  |  |  | — |  |  |  | 1,899 |  |  |  | 533 |  |  |  | — |  |  |  | 533 |
Total Other Comprehensive Income (Loss) |  | $ | 2,681 |  |  | $ | (218 | ) |  | $ | 2,463 |  |  | $ | 894 |  |  | $ | (104 | ) |  | $ | 790 |
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, 2020 and 2019:
|  | Six Months Ended |  |  | Six Months Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |
(In thousands) |  | Before-Tax Amount |  |  | Tax (Expense) Benefit |  |  | Net-of-Tax Amount |  |  | Before-Tax Amount |  |  | Tax (Expense) Benefit |  |  | Net-of-Tax Amount |
Unrealized gain (loss) on available-for-sale securities |  | $ | (68 | ) |  | $ | 18 |  |  | $ | (50 | ) |  | $ | 555 |  |  | $ | (144 | ) |  | $ | 411 |
Reclassification adjustment for amounts related to available-for-sale investments included in net income (loss) |  |  | 730 |  |  |  | (190 | ) |  |  | 540 |  |  |  | (161 | ) |  |  | 42 |  |  |  | (119 | )
Reclassification adjustment for amounts related to defined benefit plan adjustments included in net income (loss) |  |  | 481 |  |  |  | (149 | ) |  |  | 332 |  |  |  | 393 |  |  |  | (122 | ) |  |  | 271 |
Foreign currency translation adjustment |  |  | 249 |  |  |  | — |  |  |  | 249 |  |  |  | (627 | ) |  |  | — |  |  |  | (627 | )
Total Other Comprehensive Income (Loss) |  | $ | 1,392 |  |  | $ | (321 | ) |  | $ | 1,071 |  |  | $ | 160 |  |  | $ | (224 | ) |  | $ | (64 | )

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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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