Common Stock

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Common Stock

8. Common Stock

The Class A and Class B common stock of Presidential have identical rights except that the holders of Class A common stock are entitled to elect two-thirds of the Board of Directors and the holders of the Class B common stock are entitled to elect one-third of the Board of Directors.

Other than as described in Note 11, no shares of common stock of Presidential are reserved.