XML 27 R16.htm IDEA: XBRL DOCUMENT v3.4.0.3
Stockholders' Equity
3 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Stockholders’ Equity

Changes in stockholders’ equity during the three months ended March 31, 2016 were as follows (in thousands):
 
Common
stock
 
Additional
paid-in
capital
 
Retained
earnings
 
Treasury
stock
at cost
 
Accumulated
other
comprehensive
loss
 
Total
stockholders’
equity
Balance at December 31, 2015
$
172

 
$
105,872

 
$
73,598

 
$
(8,497
)
 
$
(12,801
)
 
$
158,344

Net income

 

 
3,800

 

 

 
3,800

Foreign currency translation adjustment

 

 

 

 
(396
)
 
(396
)
Repurchases of common stock

 

 

 
(4,291
)
 

 
(4,291
)
Stock-based compensation expense

 
727

 

 

 

 
727

Issuance of stock for employer contributions to retirement plan

 
5

 

 
686

 

 
691

Net issuances of stock pursuant to stock compensation plans and other

 
(65
)
 

 
141

 

 
76

Balance at March 31, 2016
$
172


$
106,539


$
77,398


$
(11,961
)

$
(13,197
)

$
158,951



Stock Repurchase Program

We have a share repurchase program under which we may repurchase shares of our common stock from time to time in the open market, subject to prevailing business and market conditions and other factors. During the three months ended March 31, 2016 and 2015, we repurchased approximately 181,000 and 10,000 shares, respectively, of our common stock in the open market for a total cost of approximately $4.3 million and $0.4 million, respectively. As of March 31, 2016, there was approximately $9.7 million available for future repurchases under the buyback program.