Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

v2.4.0.6
Shareholders' Equity
6 Months Ended
Jun. 30, 2012
Shareholders' Equity [Abstract]  
Shareholders' Equity

9) Shareholders’ Equity

The changes in shareholders’ equity for the six months ended June 30, 2012 are summarized as follows:

 

                         
          Number of Shares  
    Amount     Common
Stock
    Convertible
Class B Stock
 
       

Shares Authorized

            20,000,000       5,000,000  

Share Par Value

          $ 0.01     $ 0.01  
       
(Dollars in thousands)                  
       

COMMON STOCK

                       

Beginning of Period

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

Conversion of Class B Shares to Common Shares

    —         249,793       (249,793

Exercise of Stock Options

    —         31,431       18,144  
   

 

 

   

 

 

   

 

 

 

End of Period

  $ 129       9,962,049       2,962,580  
   

 

 

   

 

 

   

 

 

 
       

ADDITIONAL PAID IN CAPITAL

                       

Beginning of Period

  $ 19,279                  

Stock Compensation Expense

    723                  

Exercise of Stock Options

    295                  
   

 

 

                 

End of Period

  $ 20,297                  
   

 

 

                 
       

ACCUMULATED OTHER COMPREHENSIVE LOSS

                       

Beginning of Period

  $ (886                

Foreign Currency Translation Adjustment

    (7                

Mark to Market Adjustment for Derivatives

    50                  

Retirement Liability Adjustment

    (3,587                
   

 

 

                 

End of Period

  $ (4,430                
   

 

 

                 
       

RETAINED EARNINGS

                       

Beginning of Period

  $ 86,622                  

Net Income

    11,289                  
   

 

 

                 

End of Period

  $ 97,911                  
   

 

 

                 
       

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

  $ 111,626       9,783,503       2,612,785