Stockholders' Equity

3 Months Ended

Mar. 31, 2016

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 were exercisable anytime from January 26, 2011 to the maturity on October 28, 2015. The warrants could be exercised on a cashless basis whereby a portion of the exercised warrants were tendered in lieu of payment for the exercise price. During the three months ended March 31, 2015, warrants were exercised on a cashless basis resulting in the issuance of 12,300 shares of common stock.

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 March 31, 2016
January 1, 2016	$	—	$	(29,388)	$	(29,388)
Other comprehensive income (loss) for 2016		—		153		153

March 31, 2016	$	—	$	(29,235)	$	(29,235)

Three Months Ended March 31, 2015
January 1, 2015	$	(64)	$	(23,883)	$	(23,947)
Other comprehensive income (loss) for 2015		2		(1,239)		(1,237)

March 31, 2015	$	(62)	$	(25,122)	$	(25,184)

Reclassifications out of accumulated other comprehensive income (loss) for the three months ended March 31, 2016 and 2015 were as follows (dollars in thousands):


	Three Months Ended
	March 31,
	2016		2015
Retirement plans
Amortization of loss and settlement loss	$	247	$	1,021
Income tax charge on comprehensive income		(94)		(388)
Total	$	153	$	633

The amortization of loss and settlement loss was recognized primarily in selling, general and administrative expense for the periods ended March 31, 2016 and 2015.