| Summary of Changes in Shareholder's Equity |
The changes in shareholders’ equity for the nine months ended September 29, 2018 are summarized as follows as adjusted to reflect the impact of the three-for-twenty distribution of Class B Stock as discussed in Note 11:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of Shares |
|
|
| (Dollars and Shares in thousands) |
Amount |
|
Common
Stock
|
|
Convertible
Class B Stock
|
| Shares Authorized |
|
|
40,000 |
|
15,000 |
| Share Par Value |
|
|
$ |
0.01 |
|
$ |
0.01 |
| COMMON STOCK |
|
|
|
|
|
| Beginning of Period |
$ |
340 |
|
22,861 |
|
11,082 |
| Conversion of Class B Shares to Common Shares |
|
|
443 |
|
(443) |
| Exercise of Stock Options |
1 |
|
25 |
|
22 |
| End of Period |
$ |
341 |
|
23,329 |
|
10,661 |
| ADDITIONAL PAID IN CAPITAL |
|
|
|
|
|
| Beginning of Period |
$ |
67,748 |
|
|
|
|
| Stock Compensation Expense |
2,349 |
|
|
|
|
| Exercise of Stock Options |
282 |
|
|
|
|
| End of Period |
$ |
70,379 |
|
|
|
|
| ACCUMULATED OTHER COMPREHENSIVE LOSS |
|
|
|
|
|
| Beginning of Period |
$ |
(13,352) |
|
|
|
|
| Adoption of ASU 2018-02 |
(1,373) |
|
|
|
|
| Foreign Currency Translation Adjustment |
(1,346) |
|
|
|
|
| Retirement Liability Adjustment – Net of Tax |
646 |
|
|
|
|
| End of Period |
$ |
(15,425) |
|
|
|
|
| RETAINED EARNINGS |
|
|
|
|
|
| Beginning of Period |
$ |
325,191 |
|
|
|
|
| Adoption of ASU 2014-09 |
3,268 |
|
|
|
|
| Adoption of ASU 2018-02 |
1,373 |
|
|
|
|
| Net Income |
34,318 |
|
|
|
|
| End of Period |
$ |
364,150 |
|
|
|
|
| TREASURY STOCK |
|
|
|
|
|
| Beginning of Period |
$ |
(50,000) |
|
(1,675) |
|
|
| Purchase |
— |
|
— |
|
|
| End of Period |
$ |
(50,000) |
|
(1,675) |
|
|
| TOTAL SHAREHOLDERS’ EQUITY |
|
|
|
|
|
| Beginning of Period |
$ |
329,927 |
|
|
|
|
|
|
|
|
|
|
| End of Period |
$ |
369,445 |
|
21,654 |
|
10,661 |
|