Shareholders' Equity (Tables)

9 Months Ended

Sep. 30, 2017

Shareholders' Equity [Abstract]

Changes in common stock outstanding and additional paid-in capital

Changes in common stock outstanding and additional paid-in-capital are as follows:

											Additional
	Class A				Class B						Paid-in
	Shares		Amount		Shares			Amount			Capital
Balance at December 31, 2016		2,623,109	$	112		12,460,900		$	532		$	54,286
Restricted stock grants		-		-		37,858			2			919
Repurchase of common shares		-		-		(84,960	)		(4	)		(360	)
Balance at September 30, 2017		2,623,109	$	112		12,413,798		$	530		$	54,845

Components of equity

The components of equity for the nine months ended September 30, 2017 were as follows:

	Total equity
Balance at December 31, 2016	$	404,345
Net income		1,847
Other comprehensive income		11,947
Cash dividends paid to shareholders		(12,250	)
Restricted stock grants		921
Repurchase of common shares		(1,880	)
Balance at September 30, 2017	$	404,930

The components of equity for the nine months ended September 30, 2016 were as follows:

	Total equity
Balance at December 31, 2015	$	394,498
Net income		24,082
Other comprehensive loss		(1,116	)
Cash dividends paid to shareholders		(11,885	)
Restricted stock grants		1,343
Balance at September 30, 2016	$	406,922

Changes in accumulated other comprehensive income by component

The following table illustrates changes in accumulated other comprehensive income by component for the nine months ended September 30, 2017:

				Unrealized
				holding gains on
	Foreign			available-for-sale
	Currency			securities			Total
Beginning balance	$	(831	)	$	34,051		$	33,220
Other comprehensive income
before reclassifications		510			15,999			16,509
Amounts reclassified from
accumulated other
comprehensive income		-			(4,562	)		(4,562	)
Net current-period other
comprehensive income		510			11,437			11,947
Ending balance	$	(321	)	$	45,488		$	45,167

The following table illustrates changes in accumulated other comprehensive income by component for the nine months ended September 30, 2016:

				Unrealized
				holding gains on
	Foreign			available-for-sale
	Currency			securities			Total
Beginning balance	$	(1,066	)	$	38,924		$	37,858
Other comprehensive income
before reclassifications		398			7,471			7,869
Amounts reclassified from
accumulated other
comprehensive income		-			(8,985	)		(8,985	)
Net current-period other
comprehensive income		398			(1,514	)		(1,116	)
Ending balance	$	(668	)	$	37,410		$	36,742