Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

v3.2.0.727
Shareholders' Equity
 6 Months Ended
Jul. 04, 2015
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity
The changes in shareholders’ equity for the six months ended July 4, 2015 are summarized as follows:
 
 
 
 
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
$
219

 
16,608

 
5,322

Conversion of Class B Shares to Common Shares
—

 
569

 
(569
)
Exercise of Stock Options
3

 
94

 
102

End of Period
$
222

 
17,271

 
4,855

ADDITIONAL PAID IN CAPITAL
 
 
 
 
 
Beginning of Period
$
49,659

 
 
 
 
Stock Compensation Expense
1,143

 
 
 
 
Exercise of Stock Options
1,343

 
 
 
 
End of Period
$
52,145

 
 
 
 
ACCUMULATED OTHER COMPREHENSIVE LOSS
 
 
 
 
 
Beginning of Period
$
(11,949
)
 
 
 
 
Foreign Currency Translation Adjustment
(3,214
)
 
 
 
 
Retirement Liability Adjustment – Net of Tax
323

 
 
 
 
End of Period
$
(14,840
)
 
 
 
 
RETAINED EARNINGS
 
 
 
 
 
Beginning of Period
$
190,248

 
 
 
 
Net Income
28,373

 
 
 
 
End of Period
$
218,621

 
 
 
 
TOTAL SHAREHOLDERS’ EQUITY
 
 
 
 
 
Beginning of Period
$
228,177

 
 
 
 
 
 
 
 
 
 
End of Period
$
256,148