Stockholders' Equity

9 Months Ended

Sep. 30, 2017

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders’ Equity

Changes in stockholders’ equity during the nine months ended September 30, 2017 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, 2016	$	172	$	106,569		$	93,845		$	(11,628	)	$	(21,462	)	$	167,496
Cumulative effect adjustment of adopting ASU 2016-09	—		234			(137		)	—			—			97
Adjusted balance at December 31, 2016	172		106,803			93,708			(11,628		)	(21,462		)	167,593
Net income	—		—			13,230			—			—			13,230
Foreign currency translation adjustment	—		—			—			—			7,051			7,051
Change in fair value of interest rate cap, net of tax	—		—			—			—			(137		)	(137		)
Change in fair value of interest rate swap, net of tax	—		—			—			—			(2		)	(2		)
Repurchases of common stock	—		—			—			(2,419		)	—			(2,419		)
Stock-based compensation expense	—		2,823			—			—			—			2,823
Issuance of stock for employer contributions to retirement plan	—		11			—			2,042			—			2,053
Net issuances of stock pursuant to stock compensation plans and other	—		(1,962		)	—			1,477			—			(485		)
Balance at September 30, 2017	$	172	$	107,675		$	106,938		$	(10,528	)	$	(14,550	)	$	189,707

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 nine months ended September 30, 2017 and 2016, we repurchased approximately 101,000 and 340,000 shares, respectively, of our common stock in the open market for a total cost of approximately $2.4 million and $8.0 million, respectively. As of September 30, 2017, there was approximately $3.6 million available for future repurchases under the buyback program.