Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
3 Months Ended
Mar. 29, 2014
Equity [Abstract]  
Shareholders' Equity

9) Shareholders’ Equity

The changes in shareholders’ equity for the three months ended March 29, 2014 are summarized as follows as adjusted to reflect the impact of the one-for-five distribution of Class B Stock as discussed in Note 10:

 

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

Shares Authorized

       40,000         10,000   

Share Par Value

     $ 0.01       $ 0.01   
    

 

 

    

 

 

 

COMMON STOCK

       

Beginning of Period

   $ 179        13,268         4,590   

Conversion of Class B Shares to Common Shares

     —          532         (532

Exercise of Stock Options

     1        93         78   
  

 

 

   

 

 

    

 

 

 

End of Period

   $ 180        13,893         4,136   
  

 

 

   

 

 

    

 

 

 

ADDITIONAL PAID IN CAPITAL

       

Beginning of Period

   $ 40,826        

Stock Compensation Expense

     394        

Exercise of Stock Options

     1,849        
  

 

 

      

End of Period

   $ 43,069        
  

 

 

      

ACCUMULATED OTHER COMPREHENSIVE LOSS

       

Beginning of Period

   $ (3,611     

Foreign Currency Translation Adjustment

     (386     

Mark to Market Adjustment for Derivatives

     20        

Retirement Liability Adjustment

     102        
  

 

 

      

End of Period

   $ (3,875     
  

 

 

      

RETAINED EARNINGS

       

Beginning of Period

   $ 134,115        

Net Income

     7,507        
  

 

 

      

End of Period

   $ 141,622        
  

 

 

      

TOTAL SHAREHOLDERS’ EQUITY

       
  

 

 

      

Beginning of Period

   $ 171,509        
  

 

 

      
       
  

 

 

      

End of Period

   $ 180,996