Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 9 Months Ended
Sep. 30, 2012
Shareholders' Equity [Abstract]  
Shareholders' Equity

9) Shareholders’ Equity

The changes in shareholders’ equity for the nine months ended September 29, 2012 are summarized as follows as adjusted to reflect the impact of the three-for-twenty distribution of Class B Stock discussed in Note 20:

 

                         
          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

   $ 147       9,680,825       5,058,109  

Conversion of Class B Shares to Common Shares

     —         390,589       (390,589 ) 

Exercise of Stock Options

     1       44,874       34,282  
   

 

 

    

 

 

    

 

 

  

End of Period

   $ 148       10,116,288       4,701,802  
   

 

 

    

 

 

    

 

 

  

ADDITIONAL PAID IN CAPITAL

                        

Beginning of Period

   $ 19,260                  

Stock Compensation Expense

     1,078                  

Exercise of Stock Options

     596                  
   

 

 

                  

End of Period

   $ 20,934                  
   

 

 

                  

ACCUMULATED OTHER COMPREHENSIVE LOSS

                        

Beginning of Period

   $ (886 )                 

Foreign Currency Translation Adjustment

     251                  

Mark to Market Adjustment for Derivatives

     76                  

Retirement Liability Adjustment

     (3,448 )                 
   

 

 

                  

End of Period

   $ (4,007 )                 
   

 

 

                  

RETAINED EARNINGS

                        

Beginning of Period

   $ 86,622                  

Net Income

     16,219                  
   

 

 

                  

End of Period

   $ 102,841                  
   

 

 

                  

TREASURY STOCK

                        

Beginning of Period

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

Purchase (disposal)

     0       0       0  
   

 

 

    

 

 

    

 

 

  

End of Period

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

 

 

    

 

 

    

 

 

  

TOTAL SHAREHOLDERS’ EQUITY

                        

Beginning of Period

   $ 102,863       9,502,279       4,708,314  
   

 

 

    

 

 

    

 

 

  

End of Period

   $ 117,635       9,937,742       4,352,007  
   

 

 

    

 

 

    

 

 

  

Actual Class B shares outstanding did not exceed the amount authorized at any time, due to the conversion of Class B shares to common stock prior to the stock distribution. However for presentation purposes the number of Class B shares outstanding has been restated to present the distribution as of the beginning of the period.