Stockholders' Equity

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Stockholders' Equity

Note 8—Stockholders’ Equity

Dividends

We paid a quarterly cash dividend of $0.125 per share of common stock in March of 2020 totaling $31.9 million in the aggregate.  We paid a quarterly cash dividend of $0.10 per share of common stock in March of 2019 totaling $25.2 million in the aggregate.  

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss balances, net of tax consist of the following (in millions):

	Interest Rate Swap			Foreign Currency Translation			Accumulated Other Comprehensive Loss
Balance, December 31, 2019	$	(2.8	)	$	(250.2	)	$	(253.0	)
Net current period other comprehensive loss		(2.4	)		(150.7	)		(153.1	)
Balance, March 31, 2020	$	(5.2	)	$	(400.9	)	$	(406.1	)

Adjustments to accumulated other comprehensive loss are as follows (in millions):

	Three Months Ended March 31,
	2020					2019
	Pretax			Tax Effect		Pretax		Tax Effect
Interest Rate Swap
Unrealized losses on interest rate swaps	$	(1.5	)	$	0.8	$	—	$	—
Reclassification of losses into net earnings on interest rate swaps		(1.7	)		—		—		—
Net change in cash flow hedges		(3.2	)		0.8		—		—
Foreign Currency Translation
Current period translation adjustments		(151.5	)		0.8		42.0		(0.2	)
Net cumulative translation adjustments		(151.5	)		0.8		42.0		(0.2	)
Total other comprehensive (loss) income	$	(154.7	)	$	1.6	$	42.0	$	(0.2	)