Equity

6 Months Ended

Jun. 30, 2019

Equity

Equity

14.Equity

The following table reconciles the Company’s equity for the six months ended June 30, 2019:

							Accumulated
			Capital in				Other
	Common		Excess of		Reinvested		Comprehensive
	Stock		Par Value		Earnings		Loss
	(Dollars in thousands)
Balance, December 31, 2018	$	10,057	$	64,263	$	152,835	$	(21,572)
Net earnings		–		–		3,968		–
Foreign currency translation adjustments		–		–		–		130
Pension liability adjustment, net of tax		–		–		–		108
Cash dividends declared		–		–		(2,299)		–
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price		1		6		–		–
Issuance of restricted stock		1		(1)		–		–
Share-based compensation expense		–		366		–		–
Shares purchased and retired		(64)		–		(1,764)		–
Balance, March 31, 2019	$	9,995	$	64,634	$	152,740	$	(21,334)
Net earnings		–		–		1,514		–
Foreign currency translation adjustments		–		–		–		100
Pension liability adjustment, net of tax		–		–		–		123
Cash dividends declared		–		–		(2,401)		–
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price		7		142		–		–
Share-based compensation expense		–		365		–		–
Balance, June 30, 2019	$	10,002	$	65,141	$	151,853	$	(21,111)

The following table reconciles the Company’s equity for the six months ended June 30, 2018:

							Accumulated
			Capital in				Other
	Common		Excess of		Reinvested		Comprehensive		Noncontrolling
	Stock		Par Value		Earnings		Loss		Interest
	(Dollars in thousands)
Balance, December 31, 2017	$	10,162	$	55,884	$	150,350	$	(17,859)	$	7,122
Net earnings		–		–		2,987		–		(171)
Foreign currency translation adjustments		–		–		–		(85)		(34)
Pension liability adjustment, net of tax		–		–		–		118		–
Cash dividends declared		–		–		(2,257)		–		–
Cash dividends paid to noncontrolling interest		–		–		–		–		(88)
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price		108		2,776		–		–		–
Restricted stock forfeited		(2)		2		–		–		–
Share-based compensation expense		–		351		–		–		–
Balance, March 31, 2018	$	10,268	$	59,013	$	151,080	$	(17,826)	$	6,829
Net earnings		–		–		1,626		–		(103)
Foreign currency translation adjustments		–		–		–		(711)		(280)
Pension liability adjustment, net of tax		–		–		–		118		–
Cash dividends declared		–		–		(2,395)		–		–
Common stock issued under equity incentive plans, net of shares withheld for employee taxes and strike price		89		463		–		–		–
Issuance of restricted stock		2		(2)		–		–		–
Share-based compensation expense		–		454		–		–		–
Shares purchased and retired		(199)		–		(6,390)		–		–
Balance, June 30, 2018	$	10,160	$	59,928	$	143,921	$	(18,419)	$	6,446