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Stockholders' Equity
6 Months Ended
Jun. 30, 2018
Equity [Abstract]  
Stockholders' Equity
STOCKHOLDERS’ EQUITY
Dividends
On February 19, 2018, the Company’s Board of Directors (the “Board”) declared a quarterly cash dividend of $0.07 per common share. The dividend totaled $4.2 million and was distributed on March 19, 2018 to holders of record at the close of business on March 5, 2018.
On May 1, 2018, the Board declared a quarterly cash dividend of $0.08 per common share payable. The dividend totaled $4.8 million and was distributed on May 29, 2018 to holders of record at the close of business on May 15, 2018.
During the three and six months ended June 30, 2017, dividends of $4.2 million and $8.4 million were paid to stockholders.
On July 31, 2018, the Board declared a quarterly cash dividend of $0.08 per common share payable on August 28, 2018 to holders of record at the close of business on August 14, 2018.
Accumulated Other Comprehensive Loss
The following tables summarize the changes in each component of Accumulated other comprehensive loss, net of tax:
(in millions) (a)
Actuarial Losses
 
Foreign
Currency Translation
 
Unrealized
Gain on
Derivatives
 
Total
Balance at April 1, 2018
$
(75.3
)
 
$
(0.5
)
 
$
1.8

 
$
(74.0
)
Other comprehensive income (loss) before reclassifications
1.1

 
(5.2
)
 
0.3

 
(3.8
)
Amounts reclassified from accumulated other comprehensive loss
0.6

 

 
(0.1
)
 
0.5

Net current-period other comprehensive income (loss)
1.7

 
(5.2
)
 
0.2

 
(3.3
)
Balance at June 30, 2018
$
(73.6
)
 
$
(5.7
)
 
$
2.0

 
$
(77.3
)
(in millions) (a)
Actuarial Losses
 
Foreign
Currency Translation
 
Unrealized
Gain on
Derivatives
 
Total
Balance at April 1, 2017
$
(78.8
)
 
$
(11.8
)
 
$

 
$
(90.6
)
Other comprehensive (loss) income before reclassifications
(0.6
)
 
5.0

 
0.2

 
4.6

Amounts reclassified from accumulated other comprehensive loss
0.5

 

 

 
0.5

Net current-period other comprehensive (loss) income
(0.1
)
 
5.0

 
0.2

 
5.1

Balance at June 30, 2017
$
(78.9
)
 
$
(6.8
)
 
$
0.2

 
$
(85.5
)
(in millions) (a)
Actuarial Losses
 
Foreign
Currency Translation
 
Unrealized
Gain on
Derivatives
 
Total
Balance at January 1, 2018
$
(75.4
)
 
$
(2.5
)
 
$
1.0

 
$
(76.9
)
Other comprehensive income (loss) before reclassifications
0.4

 
(3.2
)
 
1.1

 
(1.7
)
Amounts reclassified from accumulated other comprehensive loss
1.4

 

 
(0.1
)
 
1.3

Net current-period other comprehensive income (loss)
1.8

 
(3.2
)
 
1.0

 
(0.4
)
Balance at June 30, 2018
$
(73.6
)
 
$
(5.7
)
 
$
2.0

 
$
(77.3
)
(in millions) (a)
Actuarial Losses
 
Foreign
Currency Translation
 
Unrealized
Gain on
Derivatives
 
Total
Balance at January 1, 2017
$
(79.0
)
 
$
(13.0
)
 
$

 
$
(92.0
)
Other comprehensive (loss) income before reclassifications
(0.9
)
 
6.2

 
0.2

 
5.5

Amounts reclassified from accumulated other comprehensive loss
1.0

 

 

 
1.0

Net current-period other comprehensive income
0.1

 
6.2

 
0.2

 
6.5

Balance at June 30, 2017
$
(78.9
)
 
$
(6.8
)
 
$
0.2

 
$
(85.5
)
(a)    Amounts in parentheses indicate losses.
The following table summarizes the amounts reclassified from Accumulated other comprehensive loss, net of tax, in the three months ended June 30, 2018 and 2017 and the affected line item in the Condensed Consolidated Statements of Operations:
Details about Accumulated Other Comprehensive Loss Components
 
Amount Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Item in Condensed Consolidated Statements of Operations (a)
 
2018
 
2017
 
(in millions) (b)
 
 
 
 
Amortization of actuarial losses of defined benefit pension plans
 
$
(0.8
)
 
$
(0.7
)
 
Other expense (income), net
Interest rate swap
 
0.2

 

 
Interest expense
Total before tax
 
(0.6
)
 
(0.7
)
 
 
Income tax benefit
 
0.1

 
0.2

 
Income tax expense
Total reclassifications for the period, net of tax
 
$
(0.5
)
 
$
(0.5
)
 
 

(a)
Continuing operations only.
(b)
Amounts in parentheses indicate losses.
The following table summarizes the amounts reclassified from Accumulated other comprehensive loss, net of tax, in the six months ended June 30, 2018 and 2017 and the affected line item in the Condensed Consolidated Statements of Operations:
Details about Accumulated Other Comprehensive Loss Components
 
Amount Reclassified from Accumulated Other Comprehensive Loss
 
Affected Line Item in Condensed Consolidated Statements of Operations (a)
 
2018
 
2017
 
(in millions) (b)
 
 
 
 
Amortization of actuarial losses of defined benefit pension plans
 
$
(1.8
)
 
$
(1.5
)
 
Other expense (income), net
Interest rate swap
 
0.2

 

 
Interest expense
Total before tax
 
(1.6
)
 
(1.5
)
 
 
Income tax benefit
 
0.3

 
0.5

 
Income tax expense
Total reclassifications for the period, net of tax
 
$
(1.3
)
 
$
(1.0
)
 
 
(a)
Continuing operations only.
(b)
Amounts in parentheses indicate losses.