| Summary of changes in shareholders' equity |
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Number of Shares |
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Amount |
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Common
Stock
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Convertible
Class B Stock |
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Shares Authorized
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20,000,000 |
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5,000,000 |
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Share Par Value
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$ |
0.01 |
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$ |
0.01 |
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| (Dollars in thousands) |
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COMMON STOCK
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Beginning of Period
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$ |
129 |
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9,680,825 |
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3,194,229 |
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Conversion of Class B Shares to Common Shares
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— |
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249,793 |
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(249,793 |
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Exercise of Stock Options
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— |
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31,431 |
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18,144 |
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End of Period
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$ |
129 |
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9,962,049 |
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2,962,580 |
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ADDITIONAL PAID IN CAPITAL
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Beginning of Period
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$ |
19,279 |
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Stock Compensation Expense
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|
723 |
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Exercise of Stock Options
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|
295 |
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End of Period
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$ |
20,297 |
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ACCUMULATED OTHER COMPREHENSIVE LOSS
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Beginning of Period
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$ |
(886 |
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Foreign Currency Translation Adjustment
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(7 |
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Mark to Market Adjustment for Derivatives
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50 |
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Retirement Liability Adjustment
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(3,587 |
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End of Period
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$ |
(4,430 |
) |
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RETAINED EARNINGS
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Beginning of Period
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$ |
86,622 |
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Net Income
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11,289 |
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End of Period
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$ |
97,911 |
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TREASURY STOCK
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Beginning of Period
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$ |
(2,281 |
) |
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(178,546 |
) |
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(349,795 |
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Purchase (disposal)
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— |
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— |
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— |
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End of Period
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$ |
(2,281 |
) |
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(178,546 |
) |
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(349,795 |
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TOTAL SHAREHOLDERS’ EQUITY
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Beginning of Period
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$ |
102,863 |
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9,502,279 |
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2,844,434 |
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End of Period
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$ |
111,626 |
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9,783,503 |
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2,612,785 |
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