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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2017
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, 2014

 

$

1,788

 

$

1,487

 

$

5,125

 

$

108,629

 

$

(4,680

)

Net earnings

 

 

 

 

1,873

 

 

Issuance of nonvested stock awards, net of forfeitures

 

18

 

 

(18

)

 

 

Stock-based compensation

 

 

 

375

 

 

 

Change in net actuarial loss and prior service cost, net of income tax expense of $318

 

 

 

 

 

482

 

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

 

 

 

 

 

(6

)

Repurchase and retirement of common stock

 

(7

)

 

(58

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2015

 

1,799

 

1,487

 

5,424

 

110,502

 

(4,204

)

Net earnings

 

 

 

 

786

 

 

Issuance of nonvested stock awards, net of forfeitures

 

22

 

 

(22

)

 

 

Stock-based compensation

 

 

 

326

 

 

 

Change in net actuarial loss and prior service cost, net of income tax benefit of $261

 

 

 

 

 

(395

)

Unrealized gain on available-for-sale securities, net of income tax expense of $1

 

 

 

 

 

3

 

Repurchase and retirement of common stock

 

(7

)

 

(59

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2016

 

1,814

 

1,487

 

5,669

 

111,288

 

(4,596

)

Net loss

 

 

 

 

(1,068

)

 

Issuance of nonvested stock awards, net of forfeitures

 

20

 

 

(20

)

 

 

Stock-based compensation

 

 

 

295

 

 

 

Change in net actuarial loss and prior service cost, net of income tax benefit of $72

 

 

 

 

 

(109

)

Unrealized gain on available-for-sale securities, net of income tax expense of $4

 

 

 

 

 

6

 

Repurchase and retirement of common stock

 

(7

)

 

(67

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at December 31, 2017

 

$

1,827

 

$

1,487

 

$

5,877

 

$

110,220

 

$

(4,699

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of accumulated other comprehensive loss

 

 

 

2017

 

2016

 

Net actuarial loss and prior service cost not yet recognized in net periodic benefit cost, net of income tax benefit of $3,152,000 and $3,080,000, respectively

 

$

(4,733,000

)

$

(4,624,000

)

Accumulated unrealized gain on available-for-sale securities, net of income tax expense of $23,000 and $19,000, respectively

 

34,000

 

28,000

 

 

 

 

 

 

 

Accumulated other comprehensive loss

 

$

(4,699,000

)

$

(4,596,000

)

 

 

 

 

 

 

 

 

 

Schedule of nonvested restricted stock activity

 

 

 

Number of
Shares

 

Weighted
Average
Grant Date
Fair Value

 

Nonvested at December 31, 2016

 

813,000

 

$

1.45

 

Granted

 

208,500

 

$

1.05

 

Vested

 

(190,900

)

$

2.00

 

Forfeited

 

(10,200

)

$

1.30

 

 

 

 

 

 

 

 

Nonvested at December 31, 2017

 

820,400

 

$

1.22