Shareholders' Equity

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Shareholders' Equity

7. Shareholders’ Equity

The following table summarizes the change in shareholders’ equity during the three and six months ended June 30, 2016 and 2015, respectively: 

	Three months ended June 30,						Six months ended June 30,
	2016			2015			2016			2015
Balance at the beginning of the period	$	82,505		$	77,109		$	82,569		$	76,016
Exercise of stock options		140			70			433			90
Stock repurchased		(3,711	)		—			(4,115	)		—
Options repurchased		—			—			(1,752	)		—
Proceeds from stock purchase plan		18			—			43			—
Dividends		(465	)		(320	)		(924	)		(639	)
Share-based compensation - options		168			217			311			455
Share-based compensation - ESPP		3			—			8			—
Tax benefit - stock option exercise		93			22			656			29
Unrealized gain or loss on investments, net of tax		97			(77	)		218			(22	)
Foreign currency translation adjustment		(20	)		129			13			(51	)
Net income during the period		955			1,515			2,323			2,787
Balance at end of the period	$	79,783		$	78,665		$	79,783		$	78,665

On May 17, 2016, the Company announced a quarterly cash dividend of $0.05 per share to be paid on June 15, 2016 to shareholders of record as of June 1, 2016.