|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
consolidated statements of shareholders' equity |
In thousands,except share data
Years ended December 31, 1996, 1995 and 1994 |
|
Common stock |
|
Additional paid-in capital |
|
Retained earnings |
|
Equity adjustments from foreign currency translation |
|
Total |
|
| |
Shares |
|
Par Value |
|
|
Balance at December 31, 1993 |
|
23,681,360 |
|
$237 |
|
12,210 |
|
72,945 |
|
2,249 |
|
87,641 |
|
|
|
|
Exercise of stock options |
|
308,680 |
|
3 |
|
1,621 |
|
- |
|
- |
|
1,624 |
|
|
|
Issuance of shares under stock purchase plan |
|
101,998 |
|
1 |
|
555 |
|
- |
|
- |
|
556 |
|
|
|
Shares repurchased under provisions of stock repurchase plan |
|
(222,352 |
) |
(2 |
) |
(2,171 |
) |
- |
|
- |
|
(2,173 |
) |
|
|
Tax benefits related to stock options and stock purchase plan |
|
- |
|
- |
|
316 |
|
- |
|
- |
|
316 |
|
|
|
Net earnings |
|
- |
|
- |
|
- |
|
13,217 |
|
- |
|
13,217 |
|
|
|
Foreign currency translation adjustments, net of deferred taxes of $196 |
|
- |
|
- |
|
- |
|
- |
|
1,120 |
|
1,120 |
|
|
|
dividends paid ($.05 per share) |
|
- |
|
- |
|
- |
|
- |
|
(1,191 |
) |
(1,191 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 1994 |
|
23,869,686 |
|
$239 |
|
12,531 |
|
84,971 |
|
3,369 |
|
101,110 |
|
|
|
|
Exercise of stock options |
|
193,040 |
|
2 |
|
1,142 |
|
- |
|
- |
|
1,144 |
|
|
|
Issuance of shares under stock purchase plan |
|
120,846 |
|
1 |
|
989 |
|
- |
|
- |
|
990 |
|
|
|
Shares repurchased under provisions of stock repurchase plan |
|
(162,246 |
) |
(2 |
) |
(2,061 |
) |
- |
|
- |
|
(2,063 |
) |
|
|
Tax benefits related to stock options and stock purchase plan |
|
- |
|
- |
|
408 |
|
- |
|
- |
|
408 |
|
|
|
Net earnings |
|
- |
|
- |
|
- |
|
17,395 |
|
- |
|
17,395 |
|
|
|
Foreign currency translation adjustments, net of deferred tax credit of $196 |
|
- |
|
- |
|
- |
|
- |
|
(354 |
) |
(354 |
) |
|
|
dividends paid ($.06 per share) |
|
- |
|
- |
|
- |
|
(1,438 |
) |
- |
|
(1,438 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 1995 |
|
24,021,326 |
|
$240 |
|
13,009 |
|
100,928 |
|
3,015 |
|
117,192 |
|
|
|
|
Exercise of stock options |
|
264,260 |
|
3 |
|
1,409 |
|
- |
|
- |
|
1,412 |
|
|
|
Issuance of shares under stock purchase plan |
|
127,974 |
|
1 |
|
1,319 |
|
- |
|
- |
|
1,320 |
|
|
|
Shares repurchased under provisions of stock repurchase plan |
|
(200,614 |
) |
(2 |
) |
(3,318 |
) |
- |
|
- |
|
(3,320 |
) |
|
|
Tax benefits related to stock options and stock purchase plan |
|
- |
|
- |
|
760 |
|
- |
|
- |
|
760 |
|
|
|
Net earnings |
|
- |
|
- |
|
- |
|
24,263 |
|
- |
|
24,263 |
|
|
|
Foreign currency translation adjustments, net of deferred taxes of $164 |
|
- |
|
- |
|
- |
|
- |
|
317 |
|
317 |
|
|
|
dividends paid ($.08 per share) |
|
- |
|
- |
|
- |
|
(1,933 |
) |
- |
|
(1,933 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance at December 31, 1996 |
|
24,212,946 |
|
$242 |
|
13,179 |
|
123,258 |
|
3,332 |
|
140,011 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|