Shareholders' Equity

3 Months Ended

Mar. 31, 2015

Equity [Abstract]

Shareholders' Equity

6. SHAREHOLDERS’ EQUITY

A summary of the changes in shareholders’ equity for the three months ended March 31, 2015 is as follows (in thousands, except share amounts):

							DIVIDENDS
							PAID
	COMMON STOCK				PAID-IN		IN EXCESS
	SHARES		AMOUNT		CAPITAL		OF EARNINGS			TOTAL
Balance, December 31, 2014		33,417,203	$	334	$	463,314		($56,624	)	$	407,024
Net loss								(1,137	)		(1,137	)
Dividends								(7,442	)		(7,442	)
Stock-based employee compensation expense		—		—		268					268
Balance, March 31, 2015		33,417,203	$	334	$	463,582		($65,203	)	$	398,713

On March 2, 2015, our Board of Directors granted 79,250 restricted stock units to our employees under our 2004 Omnibus Incentive Compensation Plan.

We are authorized to issue 20,000,000 shares of preferred stock, par value $.01 per share, of which none were issued as of March 31, 2015 or December 31, 2014.