Note 11: Shareholders’ Equity

Dividends. On May 9, 2019, the Company’s board of directors declared an $0.08 per share dividend to shareholders of record as of the close of business on August 16, 2019, which is payable on September 6, 2019.

Treasury Stock. The Company repurchased shares of its common stock pursuant to a publicly announced share repurchase program authorized by the Company’s board of directors. In the first quarter of 2019, the Company’s board of directors authorized an additional 1,500,000 shares for repurchase.

Outstanding Shares. The Company had Series A and Series B common stock outstanding of 19,025,788 and 2,469,512, respectively, net of treasury shares at June 30, 2019. At December 31, 2018, the Company had Series A and Series B common stock outstanding of 19,157,358 and 2,469,555, respectively, net of treasury shares.

Accumulated other comprehensive loss. Accumulated other comprehensive loss consists of actuarial gains and losses attributable to the A. H. Belo Pension Plans, gains and losses resulting from Pension Plans’ amendments and other actuarial experience attributable to other post-employment benefit (“OPEB”) plans. The Company records amortization of the components of accumulated other comprehensive loss in employee compensation and benefits in its Consolidated Statements of Operations. Gains and losses associated with the A. H. Belo Pension Plans are amortized over the weighted average remaining life expectancy of the Pension Plans’ participants. Gains and losses associated with the Company’s OPEB plans are amortized over the average remaining service period of active OPEB plans’ participants.

The tables below set forth the changes in accumulated other comprehensive loss, net of tax, as presented in the Company’s consolidated financial statements.



	Three Months Ended June 30,
	2019						2018
	Total		Defined benefit pension plans		Other post- employment benefit plans		Total		Defined benefit pension plans		Other post- employment benefit plans
Balance, beginning of period	$	(37,578)	$	(37,933)	$	355	$	(24,774)	$	(25,266)	$	492
Amortization		62		69		(7)		157		167		(10)
Balance, end of period	$	(37,516)	$	(37,864)	$	348	$	(24,617)	$	(25,099)	$	482



	Six Months Ended June 30,
	2019						2018
	Total		Defined benefit pension plans		Other post- employment benefit plans		Total		Defined benefit pension plans		Other post- employment benefit plans
Balance, beginning of period	$	(37,641)	$	(38,003)	$	362	$	(24,932)	$	(25,434)	$	502
Amortization		125		139		(14)		315		335		(20)
Balance, end of period	$	(37,516)	$	(37,864)	$	348	$	(24,617)	$	(25,099)	$	482