Stockholders' Equity

6 Months Ended

Jun. 30, 2015

Stockholders' Equity

Stockholders' Equity

10.Stockholders’ Equity

Warrants

In 2010, the Company issued warrants to purchase 1,481,055 shares of common stock for $14.00 per share.  The warrants to purchase shares may be exercised anytime from January 26, 2011 to the maturity on October 28, 2015.  The warrants may be exercised on a cashless basis whereby a portion of the exercised warrants are tendered in lieu of payment for the exercise price.  During the six months ended June 30, 2015 and 2014, warrants were exercised on a cashless basis resulting in the issuance of 21,371 shares and 15,361 shares of common stock, respectively.  In addition, another 238,697 warrants were exercised for cash consideration of $3.3 million during the six months ended June 30, 2015.

Accumulated Other Comprehensive Income (Loss)

The changes in components of accumulated other comprehensive income (loss) are as follows (dollars in thousands):

	Unrealized
	Gain (Loss) on			Retirement
	Investments			Plans			Total
Three months ended June 30, 2015
April 1, 2015	$	(62	)	$	(25,122	)	$	(25,184	)
Other comprehensive income (loss) for 2015	(2		)	2,522			2,520
June 30, 2015	$	(64	)	$	(22,600	)	$	(22,664	)
Six months ended June 30, 2015
January 1, 2015	$	(64	)	$	(23,883	)	$	(23,947	)
Other comprehensive income for 2015	—			1,283			1,283
June 30, 2015	$	(64	)	$	(22,600	)	$	(22,664	)

	Unrealized
	Gain (Loss) on			Retirement
	Investments			Plans			Total
Three months ended June 30, 2014
April 1, 2014	$	(63	)	$	(4,828	)	$	(4,891	)
Other comprehensive income for 2014	2			27			29
June 30, 2014	$	(61	)	$	(4,801	)	$	(4,862	)
Six months ended June 30, 2014
January 1, 2014	$	(60	)	$	(4,656	)	$	(4,716	)
Other comprehensive loss for 2014	(1		)	(145		)	(146		)
June 30, 2014	$	(61	)	$	(4,801	)	$	(4,862	)

Reclassifications out of accumulated other comprehensive income (loss) for the three and six months ended June 30, 2015 and 2014 were as follows (dollars in thousands):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Retirement plans
Amortization of (gain) loss and settlement loss	1,585			44			2,529			(245		)
Income tax credit (charge) on comprehensive income	(602		)	(17		)	(961		)	100
Net of tax	$	983		$	27		$	1,568		$	(145	)

The amortization of (gain) loss and settlement loss was recognized primarily in selling, general and administrative expense for the periods ended June 30, 2015 and 2014.