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Stockholders' Equity
9 Months Ended
Sep. 30, 2018
Stockholders Equity Note [Abstract]  
Stockholders' Equity

NOTE 7 – STOCKHOLDERS’ EQUITY

Changes in stockholders’ equity for the three and nine months ended September 30, 2018 and 2017 are as follows:

 

 

Three Months Ended September 30, 2018

 

 

Common Stock

 

 

 

 

 

 

 

Treasury Stock

 

 

 

 

 

 

 

 

Shares

 

Amount

 

Additional Paid-in Capital

 

Retained Earnings

 

Shares

 

Amount

 

Accumulated Other Comprehensive Loss

 

Total

 

Balance at July 1, 2018

 

18,826

 

$

22

 

$

317,013

 

$

456,358

 

 

3,502

 

$

(130,446

)

$

(7,576

)

$

635,371

 

Net income

 

 

 

 

 

 

 

16,671

 

 

 

 

 

 

 

 

16,671

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

(568

)

 

(568

)

Equity compensation

 

 

 

 

 

3,292

 

 

 

 

 

 

43

 

 

 

 

3,335

 

Exercise of stock options

 

85

 

 

 

 

2,309

 

 

 

 

 

 

 

 

 

 

2,309

 

Issuance of shares pursuant to vesting of

   restricted stock units

 

8

 

 

 

 

 

 

 

 

(1

)

 

 

 

 

 

 

Net payments for stock issuances and buybacks

 

(51

)

 

 

 

(14

)

 

 

 

51

 

 

(3,788

)

 

 

 

(3,802

)

Reclassification of stranded tax effects due to

   adoption of accounting principle

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends declared

 

 

 

 

 

 

 

(2,643

)

 

 

 

 

 

 

 

(2,643

)

Balance at September 30, 2018

 

18,868

 

$

22

 

$

322,600

 

$

470,386

 

 

3,552

 

$

(134,191

)

$

(8,144

)

$

650,673

 

 

 

Three Months Ended September 30, 2017

 

 

Common Stock

 

 

 

 

 

 

 

Treasury Stock

 

 

 

 

 

 

 

 

Shares

 

Amount

 

Additional Paid-in Capital

 

Retained Earnings

 

Shares

 

Amount

 

Accumulated Other Comprehensive Loss

 

Total

 

Balance at July 1, 2017

 

18,718

 

$

22

 

$

300,394

 

$

394,004

 

 

3,202

 

$

(114,122

)

$

(7,168

)

$

573,130

 

Net income

 

 

 

 

 

 

 

13,692

 

 

 

 

 

 

 

 

13,692

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

558

 

 

558

 

Equity compensation

 

 

 

 

 

2,709

 

 

 

 

 

 

89

 

 

 

 

2,798

 

Exercise of stock options

 

82

 

 

 

 

2,291

 

 

 

 

 

 

 

 

 

 

2,291

 

Issuance of shares pursuant to vesting of

   restricted stock units

 

11

 

 

 

 

 

 

 

 

(4

)

 

 

 

 

 

 

Net payments for stock issuances and buybacks

 

(172

)

 

 

 

 

 

 

 

172

 

 

(7,683

)

 

 

 

(7,683

)

Balance at September 30, 2017

 

18,639

 

$

22

 

$

305,394

 

$

407,696

 

 

3,370

 

$

(121,716

)

$

(6,610

)

$

584,786

 

 

 

Nine Months Ended September 30, 2018

 

 

Common Stock

 

 

 

 

 

 

 

Treasury Stock

 

 

 

 

 

 

 

 

Shares

 

Amount

 

Additional Paid-in Capital

 

Retained Earnings

 

Shares

 

Amount

 

Accumulated Other Comprehensive Loss

 

Total

 

Balance at January 1, 2018

 

18,662

 

$

22

 

$

307,821

 

$

434,766

 

 

3,357

 

$

(121,540

)

$

(5,039

)

$

616,030

 

Net income

 

 

 

 

 

 

 

42,705

 

 

 

 

 

 

 

 

42,705

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

(2,276

)

 

(2,276

)

Equity compensation

 

 

 

 

 

8,507

 

 

 

 

 

 

178

 

 

 

 

8,685

 

Exercise of stock options

 

210

 

 

 

 

5,842

 

 

 

 

 

 

 

 

 

 

5,842

 

Issuance of shares pursuant to vesting of

   restricted stock units

 

198

 

 

 

 

 

 

 

 

(7

)

 

 

 

 

 

 

Net payments for stock issuances and buybacks

 

(202

)

 

 

 

430

 

 

 

 

202

 

 

(12,829

)

 

 

 

(12,399

)

Reclassification of stranded tax effects due to

   adoption of accounting principle

 

 

 

 

 

 

 

829

 

 

 

 

 

 

(829

)

 

 

Dividends declared

 

 

 

 

 

 

 

(7,914

)

 

 

 

 

 

 

 

(7,914

)

Balance at September 30, 2018

 

18,868

 

$

22

 

$

322,600

 

$

470,386

 

 

3,552

 

$

(134,191

)

$

(8,144

)

$

650,673

 

 

 

Nine Months Ended September 30, 2017

 

 

Common Stock

 

 

 

 

 

 

 

Treasury Stock

 

 

 

 

 

 

 

 

Shares

 

Amount

 

Additional Paid-in Capital

 

Retained Earnings

 

Shares

 

Amount

 

Accumulated Other Comprehensive Loss

 

Total

 

Balance at January 1, 2017

 

19,021

 

$

22

 

$

292,427

 

$

371,890

 

 

2,642

 

$

(88,695

)

$

(9,640

)

$

566,004

 

Net income

 

 

 

 

 

 

 

35,806

 

 

 

 

 

 

 

 

35,806

 

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

3,030

 

 

3,030

 

Equity compensation

 

 

 

 

 

7,921

 

 

 

 

 

 

238

 

 

 

 

8,159

 

Exercise of stock options

 

176

 

 

 

 

4,722

 

 

 

 

 

 

 

 

 

 

4,722

 

Issuance of shares pursuant to vesting of

   restricted stock units

 

181

 

 

 

 

 

 

 

 

(11

)

 

 

 

 

 

 

Net payments for stock issuances and buybacks

 

(739

)

 

 

 

324

 

 

 

 

739

 

 

(33,259

)

 

 

 

(32,935

)

Balance at September 30, 2017

 

18,639

 

$

22

 

$

305,394

 

$

407,696

 

 

3,370

 

$

(121,716

)

$

(6,610

)

$

584,786