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