XML 33 R22.htm IDEA: XBRL DOCUMENT v3.21.2

Stockholders' Equity

6 Months Ended

Jun. 30, 2021

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, 2021, we did not repurchase any shares of our common stock. As of June 30, 2021, 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:

		Three Months Ended June 30, 2021
(In thousands)		Unrealized Gains (Losses) on Available- for-Sale Securities				Defined Benefit Plan Adjustments				Foreign Currency Adjustments				ASU 2018-02 Adoption				Total
As of March 31, 2021		$	(160	)		$	(9,522	)		$	(4,298	)		$	385			$	(13,595	)
Other comprehensive income before    reclassifications			(272	)			—				338				—				66
Amounts reclassified from accumulated other    comprehensive income			177				212				—				—				389
Net current period other comprehensive income			(95	)			212				338				—				455
As of June 30, 2021		$	(255	)		$	(9,310	)		$	(3,960	)		$	385			$	(13,140	)

		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				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	)

		Six Months Ended June 30, 2021
(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, 2020		$	32			$	(9,621	)		$	(2,435	)		$	385			$	(11,639	)
Other comprehensive income (loss) before    reclassifications			(329	)			—				(1,525	)			—				(1,854	)
Amounts reclassified from accumulated other    comprehensive income			42				311				—				—				353
Net current period other comprehensive income (loss)			(287	)			311				(1,525	)			—				(1,501	)
As of June 30, 2021		$	(255	)		$	(9,310	)		$	(3,960	)		$	385			$	(13,140	)

		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				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 (loss)			540				332				—				—				872
Amounts reclassified to retained earnings			—				—				—				—				—
Net current period other comprehensive income   (loss)			490				332				249				—				1,071
As of June 30, 2020		$	206			$	(8,894	)		$	(7,043	)		$	385			$	(15,346	)

The following tables present the details of reclassifications out of accumulated other comprehensive income (loss):

		Three Months Ended June 30, 2021
(In thousands)		Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gain (loss) on available-for-sale securities:
Net realized loss on sales of securities		$	(233	)		Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses			(307	)		(1)
Total reclassifications for the period, before tax			(540	)
Tax benefit			151
Total reclassifications for the period, net of tax		$	(389	)

⁽¹⁾ A part of the computation of net periodic pension cost, which is included in other income (expense), net in the Condensed Consolidated Statements of Income (Loss).

		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 gain (loss) on available-for-sale securities:
Net realized gain 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⁾ A part of the computation of net periodic pension cost, which is included in other income (expense), net in the Condensed Consolidated Statements of Income (Loss).

		Six Months Ended June 30, 2021
(In thousands)		Amount Reclassified from Accumulated Other Comprehensive Income (Loss)				Affected Line Item in the Statement Where Net Income Is Presented
Unrealized gain (loss) on available-for-sale securities:
Net realized loss on sales of securities		$	(55	)		Net investment gain (loss)
Defined benefit plan adjustments – actuarial losses			(451	)		(1)
Total reclassifications for the period, before tax			(506	)
Tax benefit			153
Total reclassifications for the period, net of tax		$	(353	)

⁽¹⁾ A part of the computation of net periodic pension cost, which is included in other income (expense), net in the Condensed Consolidated Statements of Income (Loss).

		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 gain (loss) on available-for-sale securities:
Net realized loss on sales of securities		$	(730	)		Net investment gain (loss)
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⁾ A part of the computation of net periodic pension cost, which is included in other income (expense), net in the Condensed Consolidated Statements of Income (Loss).

The following tables present the tax effects related to the change in each component of other comprehensive income (loss): 

		Three Months Ended												Three Months Ended
		June 30, 2021												June 30, 2020
(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		$	(358	)		$	86			$	(272	)		$	1,191			$	(310	)		$	881
Reclassification adjustment for amounts related to    available-for-sale investments included in net    income (loss)			233				(56	)			177				(686	)			178				(508	)
Reclassification adjustment for amounts related to    defined benefit plan adjustments included in net    income (loss)			307				(95	)			212				277				(86	)			191
Foreign currency translation adjustment			338				—				338				1,899				—				1,899
Total Other Comprehensive Income		$	520			$	(65	)		$	455			$	2,681			$	(218	)		$	2,463

		Six Months Ended												Six Months Ended
		June 30, 2021												June 30, 2020
(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		$	(433	)		$	104			$	(329	)		$	(68	)		$	18			$	(50	)
Reclassification adjustment for amounts related to    available-for-sale investments included in net    income			55				(13	)			42				730				(190	)			540
Reclassification adjustment for amounts related to    defined benefit plan adjustments included in net    income			451				(140	)			311				481				(149	)			332
Foreign currency translation adjustment			(1,525	)			—				(1,525	)			249				—				249
Total Other Comprehensive Income (Loss)		$	(1,452	)		$	(49	)		$	(1,501	)		$	1,392			$	(321	)		$	1,071

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

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://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(e)(1))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770

Reference 3: 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

Name:	us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration