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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2012
Stockholders' Equity  
Schedule of changes in the components of stockholders' equity

Changes in the components of stockholders’ equity are as follows (in thousands, except per share amounts):

 

 

 

Common
Stock

 

Class A
Common
Stock

 

Additional
Paid-in
Capital

 

Retained
Earnings

 

Accumulated
Other
Comprehensive
Loss

 

Balance at December 31, 2009

 

$

1,546

 

$

1,660

 

$

1,664

 

$

103,559

 

$

(1,190

)

Net earnings

 

 

 

 

6,743

 

 

Dividends paid, $.12 per share

 

 

 

 

(3,870

)

 

Issuance of nonvested stock awards, net of forfeitures

 

21

 

 

(21

)

 

 

Stock-based compensation

 

 

 

1,192

 

 

 

Unrealized loss on interest rate swap, net of income tax benefit of $167

 

 

 

 

 

(245

)

Change in pension net actuarial loss and prior service cost, net of income tax benefit of $133

 

 

 

 

 

(194

)

Unrealized gain on available-for-sale securities, net of income tax expense of $2

 

 

 

 

 

3

 

Repurchase and retirement of common stock

 

(3

)

 

(114

)

 

 

Balance at December 31, 2010

 

1,564

 

1,660

 

2,721

 

106,432

 

(1,626

)

Cumulative effect of accounting change for adoption of ASU 2010-16 (see NOTE 2)

 

 

 

 

187

 

 

Balance at January 1, 2011

 

1,564

 

1,660

 

2,721

 

106,619

 

(1,626

)

Net earnings

 

 

 

 

5,359

 

 

Dividends paid, $0.12 per share

 

 

 

 

(3,888

)

 

Issuance of nonvested stock awards, net of forfeitures

 

16

 

 

(16

)

 

 

Stock-based compensation

 

 

 

905

 

 

 

Unrealized gain on interest rate swap, net of income tax expense of $179

 

 

 

 

 

272

 

Change in net actuarial loss and prior service cost, net of income tax benefit of $609

 

 

 

 

 

(925

)

Unrealized loss on available-for-sale securities, net of income tax benefit of $4

 

 

 

 

 

(5

)

Repurchase and retirement of common stock

 

(4

)

 

(146

)

 

 

Balance at December 31, 2011

 

1,576

 

1,660

 

3,464

 

108,090

 

(2,284

)

Net earnings

 

 

 

 

4,807

 

 

Dividends paid, $0.11 per share

 

 

 

 

(3,575

)

 

Issuance of nonvested stock awards, net of forfeitures

 

19

 

 

(19

)

 

 

Stock-based compensation

 

 

 

793

 

 

 

Unrealized gain on interest rate swap, net of income tax expense of $64

 

 

 

 

 

83

 

Change in net actuarial loss and prior service cost, net of income tax benefit of $699

 

 

 

 

 

(1,059

)

Unrealized gain on available-for-sale securities, net of income tax expense of $8

 

 

 

 

 

12

 

Repurchase and retirement of common stock

 

(5

)

 

(102

)

 

 

Balance at December 31, 2012

 

$

1,590

 

$

1,660

 

$

4,136

 

$

109,322

 

$

(3,248

)

Schedule of accumulated other comprehensive loss

As of December 31, 2012 and 2011, accumulated other comprehensive loss consists of the following:

 

 

 

2012

 

2011

 

Net actuarial loss and prior service cost not yet recognized in net periodic benefit cost, net of income tax benefit of $2,185,000 and $1,486,000, respectively

 

$

(3,265,000

)

$

(2,206,000

)

Unrealized loss on interest rate swap, net of income tax benefit of $0 and $64,000, respectively

 

 

(83,000

)

Accumulated unrealized gain on available-for-sale securities, net of income tax expense of $12,000 and $4,000, respectively

 

17,000

 

5,000

 

Accumulated other comprehensive loss

 

$

(3,248,000

)

$

(2,284,000

)

Schedule of nonvested restricted stock activity

 

 

 

 

Number of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested at December 31, 2011

 

720,900

 

$

4.89

 

Granted

 

194,000

 

$

2.14

 

Forfeited

 

(12,400

)

$

4.59

 

Vested

 

(149,100

)

$

6.61

 

Nonvested at December 31, 2012

 

753,400

 

$

3.85