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Shareholders' Investment
6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
Shareholders' Investment

12. SHAREHOLDERS’ INVESTMENT

The following tables present the change in total shareholders’ investment for the six months ended June 30, 2013 and July 1, 2012:

 

(In thousands)

   Total Michael
Baker  Corporation
Shareholders’
Investment
    Non-
controlling
Interests
    Total  

Balance, December 31, 2012

   $ 224,600      $ 552      $ 225,152   
  

 

 

   

 

 

   

 

 

 

Net income

     10,293        531        10,824   

Employee Stock Purchase Plan

     560        —          560   

Amortization of restricted stock

     703        —          703   

Treasury stock purchases

     (323     —          (323

Stock options exercised

     51        —          51   

Restricted stock issued

     4        —          4   

Dividends declared ($0.34 per share)

     (3,285     —          (3,285

Profit distribution

     —          (176     (176

Other comprehensive loss, net of tax:

      

Unrealized gain on investment, net of reclassification adjustments

     (58     —          (58
  

 

 

   

 

 

   

 

 

 

Balance, June 30, 2013

   $ 232,545      $ 907      $ 233,452   
  

 

 

   

 

 

   

 

 

 

(In thousands)

   Total Michael
Baker  Corporation
Shareholders’
Investment
    Non-
controlling
Interests
    Total  

Balance, December 31, 2011

   $ 219,912      $ 717      $ 220,629   
  

 

 

   

 

 

   

 

 

 

Net income

     4,144        406        4,550   

Stock options exercised

     60        —          60   

Options granted

     199        —          199   

Employee Stock Purchase Plan

     572        —          572   

Amortization of restricted stock

     920        —          920   

Treasury share purchases

     (272     —          (272

Profit distribution

     —          (375     (375

Other comprehensive income, net of tax:

      

Unrealized gain on investment, net of reclassification adjustments

     47        —          47   

Foreign currency translation adjustments

     43        —          43   
  

 

 

   

 

 

   

 

 

 

Balance, July 1, 2012

   $ 225,625      $ 748      $ 226,373