STOCKHOLDERS' EQUITY

3 Months Ended

Mar. 31, 2015

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY

NOTE 12—STOCKHOLDERS’ EQUITY

Changes in stockholders’ equity for the three months ended March 31, 2015 are as follows:

	Common Stock				Treasury Stock				Additional Paid-In		Accumulated			Accumulated Other Comprehensive			Total Stockholders’
	Issued		Amount		Acquired	Amount			Capital		Deficit			Loss			Equity
Balance at December 31, 2014	18,065,672		$	181	1,240	$	(57	)	$	230,276	$	(168,618	)	$	(4,059	)	$	57,723
Stock–based compensation	7,561		—		—	—			153		—			—			153
Employee stock purchase plan	417		—		—	—			1		—			—			1
Special dividend	—		—		—	—			—		(20		)	—			(20		)
Fractional shares retired resulting from split	(255	)	—		—	—			—		—			—			—
Net loss	—		—		—	—			—		(2,606		)	—			(2,606		)
Foreign currency translation, net of tax	—		—		—	—			—		—			(1,521		)	(1,521		)
Balance at March 31, 2015	18,073,395		$	181	1,240	$	(57	)	$	230,430	$	(171,244	)	$	(5,580	)	$	53,730

Preferred Stock

The Company’s Board of Directors has authorized 20,000,000 shares of preferred stock, $0.01 par value. At March 31, 2015, there were no shares issued or outstanding.

Common Stock

Reverse Stock Split

As more fully described in Note 1, the Company effected a one-for-three reverse split of its common stock on January 30, 2015.

The Company’s Board of Directors has authorized 200,000,000 shares of common stock, $0.01 par value. At March 31, 2015, there were 18,082,014 shares issued and 18,080,774 shares outstanding of common stock. Each share of common stock is entitled to one vote per share. Included in the 18,080,774 shares outstanding are 18,073,395 shares of common stock and 7,379 shares of unvested restricted common stock.

Treasury Stock

At March 31, 2015, there were 1,240 shares held in treasury that were purchased at a cost of $57.