Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 3 Months Ended
Mar. 31, 2012
Shareholders' Equity [Abstract]  
Shareholders' Equity

9) Shareholders’ Equity

The changes in shareholders’ equity for the three months ended March 31, 2012 are summarized as follows:

 

                         
          Number of Shares  
(Dollars in thousands)   Amount     Common Stock     Convertible
Class B Stock		  

Shares Authorized

             20,000,000       5,000,000  

Share Par Value

           $ 0.01     $ 0.01  

COMMON STOCK

                        

Beginning of Period

   $ 129       9,680,825       3,194,229  

Conversion of Class B Shares to Common Shares

     —         187,516       (187,516 ) 

Exercise of Stock Options

     —         18,560       4,818  
   

 

 

    

 

 

    

 

 

  

End of Period

   $ 129       9,886,901       3,011,531  
   

 

 

    

 

 

    

 

 

  

ADDITIONAL PAID IN CAPITAL

                        

Beginning of Period

   $ 19,279                  

Stock Compensation Expense

     318                  

Exercise of Stock Options

     243                  
   

 

 

                  

End of Period

   $ 19,840                  
   

 

 

                  

ACCUMULATED OTHER COMPREHENSIVE LOSS

                        

Beginning of Period

   $ (886 )                 

Foreign Currency Translation Adjustment

     110                  

Mark to Market Adjustment for Derivatives

     23                  

Retirement Liability Adjustment

     (3,727 )                 
   

 

 

                  

End of Period

   $ (4,480 )                 
   

 

 

                  

RETAINED EARNINGS

                        

Beginning of Period

   $ 86,622                  

Net Income

     6,095                  
   

 

 

                  

End of Period

   $ 92,717                  
   

 

 

                  

TREASURY STOCK

                        

Beginning of Period

   $ (2,281 )      (178,546 )      (349,795 ) 

Purchase (disposal)

     —         —         —    
   

 

 

    

 

 

    

 

 

  

End of Period

   $ (2,281 )      (178,546 )      (349,795 ) 
   

 

 

    

 

 

    

 

 

  

TOTAL SHAREHOLDERS’ EQUITY

                        

Beginning of Period

   $ 102,863       9,502,279       2,844,434  
   

 

 

    

 

 

    

 

 

  

End of Period

   $ 105,925       9,708,355       2,661,736