Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2015

Stockholders' Equity [Abstract]

Authorized common stock & cumulative preferred stock

Authorized common stock consists of the following:

(shares in thousands)	December 31, 2015		December 31, 2014
Par value	$	0.01	$	0.01
Authorized shares		200,000		200,000
Issued shares		46,410		46,410
Outstanding shares		40,738		40,738

Authorized cumulative preferred stock consists of the following:

(shares in thousands)	December 31, 2015		December 31, 2014
Par value	$	0.01	$	0.01
Authorized shares		50,000		50,000
Issued shares		-		-
Outstanding shares		-		-

Changes in the outstanding shares of Common Stock

Changes in the outstanding shares of Common Stock of the Company are as follows:

(in thousands)	Year Ended December 31, 2015	Year Ended December 31, 2014
Common stock outstanding at beginning of period	40,738	41,176
Common stock repurchased for treasury	-	(438)
Issuance of treasury stock	-	-
Common stock outstanding at end of period	40,738	40,738

Changes in treasury shares of Common Stock

Changes in the treasury shares of Common Stock of the Company are as follows:

(in thousands)	Year Ended December 31, 2015	Year Ended December 31, 2014
Treasury stock held at beginning of period	5,672	5,234
Common stock repurchased for treasury	-	438
Issuance of treasury stock	-	-
Treasury stock held at end of period	5,672	5,672

Information related to Common Stock Repurchase Plan

Information relating to the Repurchase Plan is as follows:

(in thousands)	Year Ended December 31, 2015
Common shares repurchased to treasury		-
Aggregate cost of shares repurchased	$	-

(in thousands)	December 31, 2015
Total number of common shares authorized for repurchase	10,000
Total number of common shares repurchased	6,226
Total number of shares that may still be repurchased	3,774

Common stock reserved for issuance under the Company's stock option and other employee benefit plans

Common stock reserved for issuance under the Company's 1993 Stock Incentive Plan as further described in Note 9 herein, and other non-related employee benefit plans is as follows:

(in thousands)	December 31, 2015
1993 Stock Incentive Plan		4,320
Other employee benefit plan		110
Total common shares reserved for issuance		4,430