6. Shareholders' equity

3 Months Ended

Mar. 31, 2014

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

6. Shareholders’ equity

Changes in shareholders’ equity for the three months ended March 31, 2014 were as follows (in thousands):

Balance at December 31, 2013	$	32,521
Net income		394
Share-based compensation expense		145
Issuance of deferred stock units, net of relinquishments		56
Foreign currency translation adjustment		1
Dividends declared and paid on common stock		(582)
Balance at March 31, 2014	$	32,535

We paid a portion of the 2013 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 February 2014 and were fully vested at the time of grant.

For the three months ended March 31, 2014, our Board of Directors declared a quarterly cash dividend of $0.07 per share, totaling approximately $582,000, which was paid in March 2014 to common shareholders of record at the close of business on February 20, 2014.