Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

v2.4.0.8
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