Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity (Tables)

v3.8.0.1
Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Summary of Changes in Shareholder's Equity
The changes in shareholders’ equity for the nine months ended September 30, 2017 are summarized as follows: 
 
 
 
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
$
297

 
21,955

 
7,665

Conversion of Class B Shares to Common Shares
—

 
777

 
(777
)
Exercise of Stock Options
—

 
18

 
39

End of Period
$
297

 
22,750

 
6,927

ADDITIONAL PAID IN CAPITAL
 
 
 
 
 
Beginning of Period
$
64,752

 
 
 
 
Stock Compensation Expense
2,203

 
 
 
 
Exercise of Stock Options
349

 
 
 
 
End of Period
$
67,304

 
 
 
 
ACCUMULATED OTHER COMPREHENSIVE LOSS
 
 
 
 
 
Beginning of Period
$
(15,494
)
 
 
 
 
Foreign Currency Translation Adjustment
3,987

 
 
 
 
Retirement Liability Adjustment – Net of Tax
392

 
 
 
 
End of Period
$
(11,115
)
 
 
 
 
RETAINED EARNINGS
 
 
 
 
 
Beginning of Period
$
305,512

 
 
 
 
Net Income
25,332

 
 
 
 
End of Period
$
330,844

 
 
 
 
TREASURY STOCK
 
 
 
 
 
Beginning of Period
$
(17,618
)
 
(523
)
 
 
Purchase
(32,382
)
 
(1,152
)
 
 
End of Period
$
(50,000
)
 
(1,675
)
 
 
TOTAL SHAREHOLDERS’ EQUITY
 
 
 
 
 
Beginning of Period
$
337,449

 
 
 
 
 
 
 
 
 
 
End of Period
$
337,330

 
21,075

 
6,927