Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 6 Months Ended
Jun. 29, 2013
Equity [Abstract]  
Shareholders' Equity

9) Shareholders’ Equity

The changes in shareholders’ equity for the six months ended June 29, 2013 are summarized as follows as adjusted to reflect the impact of the three-for-twenty distribution of Class B Stock as discussed in Note 10:

 

           Number of Shares  
(Dollars and Shares in thousands)    Amount     Common
Stock 		     Convertible
Class B Stock		  

Shares Authorized

        40,000         10,000   

Share Par Value

      $ 0.01       $  0.01   
    

 

 

     

 

 

  

COMMON STOCK

        

Beginning of Period

    $ 145        10,865         3,596   

Conversion of Class B Shares to Common Shares

      —          349         (349 ) 

Exercise of Stock Options

      —          35         18   
  

 

 

    

 

 

     

 

 

  

End of Period

    $ 145        11,249         3,265   
  

 

 

    

 

 

     

 

 

  

ADDITIONAL PAID IN CAPITAL

        

Beginning of Period

    $ 22,883        

Stock Compensation Expense

      709        

Exercise of Stock Options

      232        
  

 

 

       

End of Period

    $ 23,824        
  

 

 

       

ACCUMULATED OTHER COMPREHENSIVE LOSS

        

Beginning of Period

    $ (4,783 )      

Foreign Currency Translation Adjustment

      (389 )      

Mark to Market Adjustment for Derivatives

      38        

Retirement Liability Adjustment

      211        
  

 

 

       

End of Period

    $ (4,923 )      
  

 

 

       

RETAINED EARNINGS

        

Beginning of Period

    $ 106,889        

Net Income

      13,722        
  

 

 

       

End of Period

    $ 120,611        
  

 

 

       

TOTAL SHAREHOLDERS’ EQUITY

        
  

 

 

       

Beginning of Period

    $ 125,134        
  

 

 

       

End of Period

    $ 139,657