Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2018

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, 2017		2,623,109		$	112		12,423,518		$	530	$	55,078
Restricted stock grants		-			-		5,064			-		478
Repurchase of common shares		-			-		(10,500	)		-		(45	)
Balance at March 31, 2018		2,623,109		$	112		12,418,082		$	530	$	55,511

Components of equity

The change in equity for the three months ended March 31, 2018 was as follows:

	Total equity
Balance at December 31, 2017	$	418,811
Net income		330
Other comprehensive loss		(3,344	)
Cash dividends paid to shareholders		(4,229	)
Restricted stock grants		478
Repurchase of common shares		(235	)
Balance at March 31, 2018	$	411,811

The change in equity for the three months ended March 31, 2017 was as follows:

	Total equity
Balance at December 31, 2016	$	404,345
Net income		6,756
Other comprehensive income		5,400
Cash dividends paid to shareholders		(4,080	)
Restricted stock grants		481
Balance at March 31, 2017	$	412,902

Changes in accumulated other comprehensive income (loss) by component

The following table illustrates changes in accumulated other comprehensive income (loss) by component for the three months ended March 31, 2018:

				Unrealized
				holding gains on
	Foreign			available-for-sale
	Currency			securities			Total
Beginning balance at December 31, 2017	$	(309	)	$	46,700		$	46,391
Cumulative effect of adoption of
ASU 2016-01, net of tax		-			(46,157	)		(46,157	)
Balance at January 1, 2018		(309	)		543			234
Cumulative effect of adoption of
ASU 2018-02		-			117			117
Other comprehensive loss
before reclassifications		(223	)		(2,998	)		(3,221	)
Amounts reclassified from
accumulated other
comprehensive income (loss)		-			(123	)		(123	)
Net current-period other
comprehensive loss		(223	)		(3,121	)		(3,344	)
Ending balance at March 31, 2018	$	(532	)	$	(2,461	)	$	(2,993	)

The following table illustrates changes in accumulated other comprehensive income by component for the three months ended March 31, 2017:

				Unrealized
				holding gains on
	Foreign			available-for-sale
	Currency			securities			Total
Beginning balance at December 31, 2016	$	(831	)	$	34,051		$	33,220
Other comprehensive income
before reclassifications		65			5,990			6,055
Amounts reclassified from
accumulated other
comprehensive income		-			(655	)		(655	)
Net current-period other
comprehensive income		65			5,335			5,400
Ending balance at March 31, 2017	$	(766	)	$	39,386		$	38,620