Note 8:  Shareholders’ Equity



Dividends.   On December 9, 2016, the Company announced a $0.08 per share dividend to shareholders of record and holders of RSUs as of the close of business on February 10, 2017,  payable on March 3, 2017.  As of December 31, 2016, the Company recorded $1,763 to accrue for dividends declared but not yet paid. Dividends paid in 2015 included a special dividend of $2.25 per share, declared and recorded in 2014, returning $50,148 to shareholders and holders of RSUs.



On March 2, 2017, the Company’s board of directors declared a quarterly cash dividend of $0.08 per share payable on June 2, 2017, to shareholders of record and holders of RSUs at the close of business on May 12, 2017.



Treasury Stock.   The Company repurchased shares of its common stock pursuant to a publicly announced share repurchase program by the Company’s board of directors. A total of 2,500,000 shares were authorized under the program. In December 2015, the Company discontinued share repurchases.  For the years 2015 and 2014, the Company purchased 472,245 and 449,436 shares of its Series A common stock at a total cost of $3,146 and $4,974, respectively, under its share repurchase program.



Accumulated Other Comprehensive Loss.   Accumulated other comprehensive loss consists of actuarial gains and losses attributable to the A. H. Belo Pension Plans, gains and losses resulting from Pension Plans’ amendments and other actuarial experience attributable to OPEB plans. The Company records amortization of the components of accumulated other comprehensive loss in employee compensation and benefits in its Consolidated Statements of Operations. Gains and losses associated with the A. H. Belo Pension Plans are amortized over the weighted average remaining life expectancy of the Pension Plans’ participants. Gains and losses associated with the Company’s OPEB plans are amortized over the average remaining service period of active OPEB plans’ participants. In 2017, the Company anticipates amortizing  $371 of net losses in accumulated other comprehensive loss related to its defined benefit Pension Plans and OPEB plans. Deferred tax assets related to amounts recorded in accumulated other comprehensive loss in 2016 and 2015 are fully reserved. See Note 6 - Income Taxes.

The table below sets forth the changes in accumulated other comprehensive loss, net of tax, as presented in the Company’s consolidated financial statements.