XML 19 R7.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock [Member]
Surplus [Member]
Retained Earnings [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance at Dec. 31, 2016 $ 112,757 $ 7,102 $ 81,499 $ 26,227 $ (2,071)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]          
Common stock issued in offering, net of direct costs of $1,991 32,509 1,624 30,885    
Surrendered shares (166) (8) (158)    
Shares repurchased (264) (12) (252)    
Options and warrants exercised 889 67 822    
Dividends declared (637)     (637)  
Stock-based compensation and other activity 587 (68) 655    
Net tax effect of stock-based compensation 7   7    
Net income 5,918     5,918  
Other comprehensive income (loss), net 1,276       1,276
Ending Balance at Sep. 30, 2017 152,876 8,705 113,458 31,508 (795)
Beginning Balance at Jun. 30, 2017         (909)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]          
Net income 2,131        
Other comprehensive income (loss), net 114       114
Ending Balance at Sep. 30, 2017 152,876 8,705 113,458 31,508 (795)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]          
Reclassification of tax effects of the Tax Cuts and Jobs Act 300        
Ending Balance at Dec. 31, 2017 172,729 9,515 131,582 33,203 (1,571)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]          
Surrendered shares (221) (9) (212)    
Shares repurchased (1,833) (71) (1,762)    
Options and warrants exercised 1,037 77 960    
Dividends declared (1,156)     (1,156)  
Stock-based compensation and other activity 799 34 765    
Reclassification of tax effects of the Tax Cuts and Jobs Act [1] 557     557  
Net income 10,269     10,269  
Other comprehensive income (loss), net (3,769)       (3,769)
Ending Balance at Sep. 30, 2018 178,407 9,546 131,333 42,868 (5,340)
Beginning Balance at Jun. 30, 2018         (3,775)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]          
Net income 4,047        
Other comprehensive income (loss), net (1,565)       (1,565)
Ending Balance at Sep. 30, 2018 178,407 $ 9,546 $ 131,333 42,868 $ (5,340)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest [Abstract]          
Impact of adoption of new accounting standards [2] $ (5)     $ (5)  
[1] The Tax Cuts and Jobs Act, enacted on December 22, 2017, required the revaluation of the Company’s deferred tax assets and liabilities as of December 31, 2017 as a result of the lower corporate tax rates to be realized beginning January 1, 2018. The $0.6 million adjustment to retained earnings for the period ended September 30, 2018 represents a reclassification of the tax effects of the Tax Cuts and Jobs Act.
[2] Represents the impact of adopting Accounting Standards Update (“ASU”) No. 2016-01. See Note 1 to the consolidated financial statements for more information.