7. Shareholders' equity

6 Months Ended

Jun. 30, 2012

Stockholders' Equity Note Disclosure [Text Block]

7. Shareholders' equity

Changes in shareholders’ equity for the six months ended June 30, 2012 were as follows (in thousands):

Balance at December 31, 2011	$	35,313
Net income		1,716
Share-based compensation expense		284
Proceeds from issuance of shares from exercise of stock options		145
Issuance of deferred stock units		134
Tax benefit related to employee stock sales and vesting of restricted stock		42
Foreign currency translation adjustment		3
Purchases of common stock for treasury		(5,151	)
Balance at June 30, 2012	$	32,486

We paid a portion of the 2011 incentive bonus for the chief executive officer and chief financial officer in the form of deferred stock units.  Such deferred stock units were granted in March 2012 and were fully vested at the time of grant.