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Shareholders' Investment
9 Months Ended
Sep. 30, 2012
Shareholders' Investment [Abstract]  
SHAREHOLDERS' INVESTMENT

12. SHAREHOLDERS’ INVESTMENT

The following table presents the change in total shareholders’ investment for the nine months ended September 30, 2012 and 2011:

 

                         
    Total Michael              
    Baker Corporation     Non-        
    Shareholders’     controlling        

(In thousands)

  Investment     Interests     Total  

Balance, December 31, 2011

  $ 219,912     $ 717     $ 220,629  
   

 

 

   

 

 

   

 

 

 

Net income

    5,125       585       5,710  

Stock options exercised

    60       —         60  

Options granted

    199       —         199  

Employee Stock Purchase Plan

    839       —         839  

Amortization of restricted stock

    1,376       —         1,376  

Treasury share purchases

    (272     —         (272

Profit distribution

    —         (555     (555

Other comprehensive income, net of tax:

                       

Unrealized gain on investment, net of reclassification adjustments

    47       —         47  

Foreign currency translation adjustments

    43       —         43  
   

 

 

   

 

 

   

 

 

 

Balance, September 30, 2012

  $ 227,329     $ 747     $ 228,076  
   

 

 

   

 

 

   

 

 

 
       
    Total Michael              
    Baker Corporation     Non-        
    Shareholders’     controlling        

(In thousands)

  Investment     Interests     Total  

Balance, December 31, 2010

  $ 195,815     $ 722     $ 196,537  
   

 

 

   

 

 

   

 

 

 

Net income

    12,918       814       13,732  

Stock options exercised

    40       —         40  

Options granted

    208       —         208  

Employee Stock Purchase Plan

    888       —         888  

Stock appreciation rights

    88       —         88  

Amortization of restricted stock

    1,509       —         1,509  

Treasury share purchases

    (86     —         (86

Profit distribution

    —         (865     (865

Other comprehensive (loss)/income, net of tax:

                       

Unrealized loss on investment, net of reclassification adjustments

    (30     —         (30

Foreign currency translation adjustments

    20       —         20  
   

 

 

   

 

 

   

 

 

 

Balance, September 30, 2011

  $ 211,370     $ 671     $ 212,041