STOCKHOLDERS' EQUITY (Tables)

9 Months Ended

Sep. 30, 2018

STOCKHOLDERS' EQUITY

Components of accumulated other comprehensive loss

	September 30		December 31
	2018		2017
	(in thousands)
Pre-tax amounts:
Unrecognized net periodic benefit costs	$	(24,759)	$	(25,768)
Interest rate swap		1,761		481
Foreign currency translation		(2,117)		(1,894)
Total	$	(25,115)	$	(27,181)
After-tax amounts:
Unrecognized net periodic benefit costs	$	(22,357)	$	(19,715)
Interest rate swap		1,301		292
Foreign currency translation		(1,564)		(1,151)
Total	$	(22,620)	$	(20,574)

Summary of changes in accumulated other comprehensive loss, net of tax, by component

			Unrecognized			Interest	Foreign
			Net Periodic			Rate	Currency
	Total		Benefit Costs			Swap	Translation
	(in thousands)
Balances at December 31, 2017	$	(20,574)	$	(19,715)	$	292	$	(1,151)
Adjustment to beginning balance of accumulated other comprehensive loss for adoption of accounting standard(1)		(3,576)		(3,391)		63		(248)
Balances at January 1, 2018		(24,150)		(23,106)		355		(1,399)
Other comprehensive income (loss) before reclassifications		(1,206)		(1,987)		946		(165)
Amounts reclassified from accumulated other comprehensive loss		2,736		2,736		—		—
Net current-period other comprehensive income (loss)		1,530		749		946		(165)
Balances at September 30, 2018	$	(22,620)	$	(22,357)	$	1,301	$	(1,564)
Balances at December 31, 2016	$	(23,417)	$	(21,886)	$	(329)	$	(1,202)
Other comprehensive income (loss) before reclassifications		(2,712)		(3,158)		241		205
Amounts reclassified from accumulated other comprehensive loss		3,928		3,928		—		—
Net current-period other comprehensive income		1,216		770		241		205
Balances at September 30, 2017	$	(22,201)	$	(21,116)	$	(88)	$	(997)

⁽¹⁾ The Company elected to reclassify the stranded income tax effects in accumulated other comprehensive loss to retained earnings as of January 1, 2018 as a result of adopting an amendment to ASC Topic 220 (see Note A).

Summary of the significant reclassifications out of accumulated other comprehensive loss by component

	Unrecognized Net Periodic
	Benefit Costs(1)(2)
	Nine Months Ended September 30
	2018		2017
	(in thousands)
Amortization of net actuarial loss	$	(2,152)	$	(2,927)
Amortization of prior service credit		70		142
Pension settlement expense		(1,603)		(3,644)
Total, pre-tax		(3,685)		(6,429)
Tax benefit		949		2,501
Total, net of tax	$	(2,736)	$	(3,928)

⁽¹⁾ Amounts in parentheses indicate increases in expense or loss.

⁽²⁾ These components of accumulated other comprehensive loss are included in the computation of net periodic benefit cost (see Note F).

Summary of dividends declared

	2018				2017
	Per Share		Amount		Per Share		Amount
	(in thousands, except per share data)
First quarter	$	0.08	$	2,058	$	0.08	$	2,066
Second quarter	$	0.08	$	2,058	$	0.08	$	2,078
Third quarter	$	0.08	$	2,060	$	0.08	$	2,063