Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 9 Months Ended
Sep. 27, 2014
Equity [Abstract]  
Shareholders' Equity

9) Shareholders’ Equity

The changes in shareholders’ equity for the nine months ended September 27, 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

    $ 214        13,268         8,221   

Conversion of Class B Shares to Common Shares

      —          1,261         (1,261 ) 

Exercise of Stock Options

      4        166         133   
  

 

 

    

 

 

     

 

 

  

End of Period

    $ 218        14,695         7,093   
  

 

 

    

 

 

     

 

 

  

ADDITIONAL PAID IN CAPITAL

        

Beginning of Period

    $ 40,791        

Stock Compensation Expense

      1,304        

Exercise of Stock Options

      3,365        
  

 

 

       

End of Period

    $ 45,460        
  

 

 

       

ACCUMULATED OTHER COMPREHENSIVE LOSS

        

Beginning of Period

    $ (3,611 )      

Foreign Currency Translation Adjustment

      (2,943 )      

Change in Accumulated (Loss) Income on Derivatives – Net of Tax

      19        

Retirement Liability Adjustment – Net of Tax

      318        
  

 

 

       

End of Period

    $ (6,217 )      
  

 

 

       

RETAINED EARNINGS

        

Beginning of Period

    $ 134,115        

Cash Paid in Lieu of Fractional Shares from Stock Distribution

      (38 )      

Net Income

      37,731        
  

 

 

       

End of Period

    $ 171,808        
  

 

 

       

TOTAL SHAREHOLDERS’ EQUITY

        
  

 

 

       

Beginning of Period

    $ 171,509        
  

 

 

       
       
  

 

 

       

End of Period

    $ 211,269