Stockholders' Deficit

6 Months Ended

Jun. 30, 2014

Stockholders' Deficit

Stockholders' Deficit

Note 6—Stockholders’ Deficit

Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income, net of related taxes, at June 30, 2014 and December 31, 2013, included accumulated foreign currency translation adjustments of $12.0 million and $11.0 million, respectively.

Dividends

In April 2014, Advent’s Board of Directors declared the Company’s first quarterly cash dividend of $0.13 per common share payable to shareholders of record as of June 30, 2014. On July 15, 2014, the Company paid this dividend which totaled $6.7 million. Any future dividends are subject to the approval of the Board of Directors.

Common Stock Repurchases

The Company repurchased approximately 426,000 shares of our common stock for a total cash outlay of $12.4 million at an average price of $29.11 per share during the second quarter of 2014.