EQUITY

Unaudited condensed consolidated statement of changes in owners’ equity

The following table shows the changes in our consolidated owners’ equity accounts from December 31, 2016 to June 30, 2017 (in thousands):



	Common Stock		Additional Paid-in Capital			Treasury Stock			Accumulated Deficit			Accumulated Other Comprehensive Loss			Total Owners’ Equity
Balance at December 31, 2016	$	659	$	1,561,695		$	(6,558	)	$	(35,917	)	$	(73,914	)	$	1,445,965
Adoption of ASU 2016-09	—		(1,650		)	—			2,133			—			483
Net loss	—		—			—			(666		)	—			(666		)
Other comprehensive income, net of income taxes	—		—			—			—			14,985			14,985
Dividends paid	—		(59,493		)	—			—			—			(59,493		)
Unvested dividend equivalent rights	—		(597		)	—			—			—			(597		)
Non-cash equity compensation	—		5,470			—			—			—			5,470
Issuance of common stock under compensation plans	2		516			—			—			—			518
Repurchase of common stock	—		—			(1,266		)	—			—			(1,266		)
Balance at June 30, 2017	$	661	$	1,505,941		$	(7,824	)	$	(34,450	)	$	(58,929	)	$	1,405,399

Accumulated other comprehensive loss

The following table presents the changes in the components of accumulated other comprehensive loss from December 31, 2016 to June 30, 2017 (in thousands):



	Currency Translation			Employee Benefit Plans			Total
Balance at December 31, 2016	$	(71,425	)	$	(2,489	)	$	(73,914	)
Currency translation adjustment, net of income tax expense of $9,116	14,956			—			14,956
Changes related to benefit plans, net of income tax expense of $11	—			29			29
Balance at June 30, 2017	$	(56,469	)	$	(2,460	)	$	(58,929	)

There were no significant items reclassified out of accumulated other comprehensive loss to net income for the three months and six months ended June 30, 2017.

Equity issuances

During the six months ended June 30, 2017, 16,385 shares under the Employee Stock Purchase Plan were issued and 116,299 shares related to our equity based compensation awards vested.

Equity-based compensation

At June 30, 2017, there were 1,121,736 unvested shares that have been granted under our director and employee compensation programs. The par value of these shares is not reflected in common stock on the condensed consolidated balance sheets, as these shares have not yet vested. For certain of the awards, the number of shares that will vest is contingent upon our achievement of certain specified targets. If we meet the specified maximum targets, approximately 516,000 additional shares could vest.

The holders of certain restricted stock awards are entitled to equivalent dividends (“UDs”) to be received upon vesting of the related restricted stock awards and will be settled in cash. At June 30, 2017, the value of the UDs to be settled in cash related to unvested restricted stock awards was approximately $1.5 million.

During the six months ended June 30, 2017, we granted 365,798 restricted stock awards with a weighted average grant date fair value of $35.57 per award.

Dividends

The following table sets forth the quarterly dividends per share declared and/or paid to shareholders for the periods indicated:



Quarter Ending	Dividend Per Share		Date of Record	Date Paid
March 31, 2016	$	0.45	March 7, 2016	March 17, 2016
June 30, 2016	$	0.45	May 16, 2016	May 26, 2016
September 30, 2016	$	0.45	August 15, 2016	August 25, 2016
December 31, 2016	$	0.45	November 18, 2016	November 28, 2016

March 31, 2017	$	0.45	March 7, 2017	March 17, 2017
June 30, 2017	$	0.45	May 15, 2017	May 26, 2017
September 30, 2017	$	0.45	August 18, 2017	August 28, 2017