Shareholders' Equity

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Shareholders' Equity

6. SHAREHOLDERS’ EQUITY

A summary of the changes in shareholders’ equity for the six months ended June 30, 2015 is as follows (in thousands, except share amounts):

	COMMON STOCK				PAID-IN		DIVIDENDS PAID IN EXCESS
	SHARES		AMOUNT		CAPITAL		OF EARNINGS			TOTAL
Balance, December 31, 2014		33,417,203	$	334	$	463,314	($	56,624	)	$	407,024
Net earnings								10,482			10,482
Dividends								(14,884	)		(14,884	)
Stock-based employee compensation expense		3,339		—		520					520
Balance, June 30, 2015		33,420,542	$	334	$	463,834	($	61,026	)	$	403,142

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 June 30, 2015 or December 31, 2014.