Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 9 Months Ended
Sep. 28, 2013
Equity [Abstract]  
Shareholders' Equity

9) Shareholders’ Equity

The changes in shareholders’ equity for the nine months ended September 28, 2013 are summarized as follows as adjusted to reflect the impact of the twenty percent 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

    $ 174        10,865         6,488   

Conversion of Class B Shares to Common Shares

      —          561         (561 ) 

Exercise of Stock Options

      1        69         58   
  

 

 

    

 

 

     

 

 

  

End of Period

    $ 175        11,495         5,985   
  

 

 

    

 

 

     

 

 

  

ADDITIONAL PAID IN CAPITAL

        

Beginning of Period

    $ 22,854        

Stock Compensation Expense

      1,048        

Exercise of Stock Options

      1,056        
  

 

 

       

End of Period

    $ 24,958        
  

 

 

       

ACCUMULATED OTHER COMPREHENSIVE LOSS

        

Beginning of Period

    $ (4,783 )      

Foreign Currency Translation Adjustment

      (260 )      

Mark to Market Adjustment for Derivatives

      65        

Retirement Liability Adjustment

      316        
  

 

 

       

End of Period

    $ (4,662 )      
  

 

 

       

RETAINED EARNINGS

        

Beginning of Period

    $ 106,889        

Net Income

      20,877        
  

 

 

       

End of Period

    $ 127,766        
  

 

 

       

TOTAL SHAREHOLDERS’ EQUITY

        

Beginning of Period

    $ 125,134        
  

 

 

       

End of Period

    $ 148,237