Stockholders' Equity

3 Months Ended

Mar. 31, 2020

Stockholders' Equity Note [Abstract]

Stockholders’ Equity

Exchange Offer

The Company issued 70,261 shares of its common stock on March 27, 2020 in connection with the Exchange Offer (see Note 6 - Debt). The issuance of these shares was recorded using the fair value of the Company's common stock on the date the shares were issued, and resulted in an increase in the par value of common stock and additional paid-in capital of $703 and $25,245, respectively. The shares were issued in exchange for Existing Notes, and, as such, the Company received no cash proceeds as part of the exchange.

Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss are as follows:


	As of
	March 31, 2020		December 31, 2019
Unrecognized pension and postretirement benefit costs, net of tax	$	(7,046)	$	(7,071)
Foreign currency translation losses, net of tax	(7,251)		(6,303)
Total accumulated other comprehensive loss	$	(14,297)	$	(13,374)

Changes in accumulated other comprehensive loss by component in the three months ended March 31, 2020 and March 31, 2019 are as follows:


	Defined Benefit Pension and Postretirement Items						Foreign Currency Items						Total

	Three Months Ended						Three Months Ended						Three Months Ended
	March 31,						March 31,						March 31,
	2020		2019		2020		2019		2020		2019
Beginning Balance	$	(7,071)	$	(9,153)	$	(6,303)	$	(5,195)	$	(13,374)	$	(14,348)
Other comprehensive loss before reclassifications, net of tax	—		—		(948)		(464)		(948)		(464)
Amounts reclassified from accumulated other comprehensive loss, net of tax ^(a)	25		23		—		—		25		23
Net current period other comprehensive income (loss)	25		23		(948)		(464)		(923)		(441)
Ending Balance	$	(7,046)	$	(9,130)	$	(7,251)	$	(5,659)	$	(14,297)	$	(14,789)

^(a)See reclassifications from accumulated other comprehensive loss table below for details of reclassification from accumulated other comprehensive loss in the three months ended March 31, 2020 and March 31, 2019.

Reclassifications from accumulated other comprehensive loss are as follows:


	Three Months Ended
	March 31,
	2020		2019
Unrecognized pension and postretirement benefit items:
Prior service cost^(a)	$	13	$	13
Actuarial loss ^(a)	12		10
Total before tax	25		23
Tax effect	—		—
Total reclassifications for the period, net of tax	$	25	$	23

(a) These accumulated other comprehensive loss components are included in the computation of net periodic pension and postretirement benefit cost included in other income, net.