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G. STOCKHOLDERS' EQUITY
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
STOCKHOLDERS' EQUITY

Outstanding Preferred Stock

 

Preferred stock consists of the following (amounts in thousands):

 

  Year Ended 
  December 31, 
   2017   2016 
Series B convertible preferred stock, $10 par value, liquidation value of $100, authorized 100 shares, issued and outstanding one share   1    1 

 

  

The Series B preferred stock has a liquidation value of $100 per share. The right to convert expired April 30, 2003.  Dividends at a rate of 6% are payable in cash or preferred shares at the option of the Company.