Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

v3.3.0.814
Shareholders' Equity
 9 Months Ended
Oct. 03, 2015
Equity [Abstract]  
Shareholders' Equity
Shareholders’ Equity
The changes in shareholders’ equity for the nine months ended October 3, 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
$
252

 
16,608

 
8,651

Conversion of Class B Shares to Common Shares
—

 
623

 
(623
)
Exercise of Stock Options
3

 
165

 
108

End of Period
$
255

 
17,396

 
8,136

ADDITIONAL PAID IN CAPITAL
 
 
 
 
 
Beginning of Period
$
49,626

 
 
 
 
Stock Compensation Expense
1,740

 
 
 
 
Exercise of Stock Options
3,925

 
 
 
 
End of Period
$
55,291

 
 
 
 
ACCUMULATED OTHER COMPREHENSIVE LOSS
 
 
 
 
 
Beginning of Period
$
(11,949
)
 
 
 
 
Foreign Currency Translation Adjustment
(3,410
)
 
 
 
 
Retirement Liability Adjustment – Net of Tax
484

 
 
 
 
End of Period
$
(14,875
)
 
 
 
 
RETAINED EARNINGS
 
 
 
 
 
Beginning of Period
$
190,248

 
 
 
 
Net Income
53,067

 
 
 
 
End of Period
$
243,315

 
 
 
 
TOTAL SHAREHOLDERS’ EQUITY
 
 
 
 
 
Beginning of Period
$
228,177

 
 
 
 
 
 
 
 
 
 
End of Period
$
283,986