Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity

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Shareholders' Equity
 6 Months Ended
Jun. 28, 2014
Equity [Abstract]  
Shareholders' Equity

9) Shareholders’ Equity

The changes in shareholders’ equity for the six months ended June 28, 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

      —          618         (618 ) 

Exercise of Stock Options

      2        131         113   
  

 

 

    

 

 

     

 

 

  

End of Period

    $ 181        14,017         4,085   
  

 

 

    

 

 

     

 

 

  

ADDITIONAL PAID IN CAPITAL

     

Beginning of Period

    $ 40,826     

Stock Compensation Expense

      866     

Exercise of Stock Options

      2,063     
  

 

 

       

End of Period

    $ 43,755     
  

 

 

       

ACCUMULATED OTHER COMPREHENSIVE LOSS

     

Beginning of Period

    $ (3,611 )   

Foreign Currency Translation Adjustment

      (568 )   

Change in Accumulated (Loss) Income on Derivatives – Net of Tax

      (8 )   

Retirement Liability Adjustment – Net of Tax

      208     
  

 

 

       

End of Period

    $ (3,979 )   
  

 

 

       

RETAINED EARNINGS

     

Beginning of Period

    $ 134,115     

Net Income

      20,651     
  

 

 

       

End of Period

    $ 154,766     
  

 

 

       

TOTAL SHAREHOLDERS’ EQUITY

     

Beginning of Period

    $ 171,509     
  

 

 

       

End of Period

    $ 194,723