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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