5. Shareholders' equity

9 Months Ended

Sep. 30, 2015

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

5. Shareholders’ equity

Changes in shareholders’ equity for the nine months ended September 30, 2015 were as follows (in thousands):

Balance at December 31, 2014	$	25,394
Net income		2,560
Share-based compensation expense		377
Issuance of deferred stock units, net of relinquishments		121
Proceeds from issuance of shares from exercise of stock options		42
Incremental tax benefits from stock options exercised		2
Foreign currency translation adjustment		(4)
Dividends declared and paid on common stock		(1,863)
Purchase of common stock for treasury		(1,020)
Balance at September 30, 2015	$	25,609

We paid a portion of the 2014 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 2015 and were fully vested at the time of grant.