EQUITY

The following table shows the changes in our consolidated owners’ equity accounts from December 31, 2017 to March 31, 2018 (in thousands):



	Common Stock			Additional Paid-in Capital			Treasury Stock			Accumulated Deficit			Accumulated Other Comprehensive Loss			Total Owners’ Equity
Balance at December 31, 2017	$	786		$	1,770,117		$	(8,031	)	$	(50,706	)	$	(53,801	)	$	1,658,365
Adoption of ASC 606	—			—			—			11,513			—			11,513
Net loss	—			—			—			(33,035		)	—			(33,035		)
Other comprehensive income, net of income taxes	—			—			—			—			18,171			18,171
Dividends paid	—			(37,230		)	—			—			—			(37,230		)
Unvested dividend equivalent rights	—			53			—			—			—			53
Non-cash equity compensation	—			2,149			—			—			—			2,149
Issuance of common stock under compensation plans	1			557			—			—			—			558
Retirement of treasury stock	(2		)	—			8,031			(8,029		)	—			—
Repurchase of common stock	—			—			(381		)	—			—			(381		)
Balance at March 31, 2018	$	785		$	1,735,646		$	(381	)	$	(80,257	)	$	(35,630	)	$	1,620,163

Accumulated other comprehensive loss

The following table presents the changes in the components of accumulated other comprehensive loss from December 31, 2017 to March 31, 2018 (in thousands):



	Currency Translation			Employee Benefit Plans			Total
Balance at December 31, 2017	$	(51,014	)	$	(2,787	)	$	(53,801	)
Currency translation adjustment, net of income tax benefit of $2,950	(9,137		)	—			(9,137		)
Currency translation adjustment reclassified to gain on disposal, net of income tax expense of $8,818	27,305			—			27,305
Changes related to benefit plans, net of income tax expense of $1	—			3			3
Balance at March 31, 2018	$	(32,846	)	$	(2,784	)	$	(35,630	)

Equity issuances

During the three months ended March 31, 2018, 30,645 shares under the Employee Stock Purchase Plan were issued and 72,413 shares related to our equity-based compensation awards vested.

Equity-based compensation

At March 31, 2018, there were 1,535,285 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 617,000 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 March 31, 2018, the value of the UDs to be settled in cash related to unvested restricted stock awards was approximately $2.0 million.

During the three months ended March 31, 2018, we granted 645,071 restricted stock awards with a weighted average grant date fair value of $22.41 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, 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
December 31, 2107	$	0.45	November 20, 2017	December 1, 2017

March 31, 2018	$	0.4725	March 9, 2018	March 19, 2018
June 30, 2018	$	0.4725	May 16, 2018	May 25, 2018