Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 3 Months Ended
Mar. 29, 2014
Equity [Abstract]  
Shareholders' Equity

9) Shareholders’ Equity

The changes in shareholders’ equity for the three months ended March 29, 2014 are summarized as follows as adjusted to reflect the impact of the one-for-five 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

    $ 179        13,268         4,590   

Conversion of Class B Shares to Common Shares

      —          532         (532 ) 

Exercise of Stock Options

      1        93         78   
  

 

 

    

 

 

     

 

 

  

End of Period

    $ 180        13,893         4,136   
  

 

 

    

 

 

     

 

 

  

ADDITIONAL PAID IN CAPITAL

        

Beginning of Period

    $ 40,826        

Stock Compensation Expense

      394        

Exercise of Stock Options

      1,849        
  

 

 

       

End of Period

    $ 43,069        
  

 

 

       

ACCUMULATED OTHER COMPREHENSIVE LOSS

        

Beginning of Period

    $ (3,611 )      

Foreign Currency Translation Adjustment

      (386 )      

Mark to Market Adjustment for Derivatives

      20        

Retirement Liability Adjustment

      102        
  

 

 

       

End of Period

    $ (3,875 )      
  

 

 

       

RETAINED EARNINGS

        

Beginning of Period

    $ 134,115        

Net Income

      7,507        
  

 

 

       

End of Period

    $ 141,622        
  

 

 

       

TOTAL SHAREHOLDERS’ EQUITY

        
  

 

 

       

Beginning of Period

    $ 171,509        
  

 

 

       
       
  

 

 

       

End of Period

    $ 180,996