Stockholders' Equity

12 Months Ended

Dec. 31, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Note 12.

Stockholders’ Equity

The Company had authorized shares of 20,000,000 in common stock with 11,115,779 shares issued at December 31, 2013 and 2012.  The common stock has a par value of $.01 per share and the current dividend as authorized by the Company’s Board of Directors is $0.12 per year or $0.03 per quarter.  In February 2013, the Company’s Board of Directors authorized an increase to the regular quarterly dividend to $0.03 from $0.025. 

At December 31, 2013 and 2012, the Company had authorized shares of 5,000,000 in Preferred stock.  No Preferred stock has been issued.  No par value has been assigned to the Preferred stock.

The Company’s Board of Directors authorized the purchase of up to $25,000in shares of its common stock through a share repurchase program announced in May 2011 at prevailing market prices or privately negotiated transactions.  There were no such repurchases of common stock under this program during 2013.  This authorization expired on December 31, 2013.   On December 4, 2013 the Company’s Board of Directors authorized the purchase of up to $15,000 in shares of its common stock through a share repurchase program at prevailing market prices or privately negotiated transactions. This authorization is effective as of January 1, 2014 and will expire on December 31, 2016.  

As of December 31, 2013 and 2012, the Company withheld 16,166 and 23,562 shares for approximately $708 and $669, respectively, from employees to pay their withholding taxes in connection with the exercise and/or vesting of stock options and restricted stock awards. 

Cash dividends of $1,240,$1,029 and $1,022 were paid in 2013, 2012 and 2011, respectively.

	Common Stock
Share Activity	Treasury	Outstanding
	(Number of Shares)
Balance at end of 2010	814,249	10,277,138
Purchased through share repurchase program	278,655	(278,655)
Issued for stock-based compensation plans	(50,528)	74,920
Balance at end of 2011	1,042,376	10,073,403
Issued for stock-based compensation plans	(75,995)	75,995
Balance at end of 2012	966,381	10,149,398
Issued for stock-based compensation plans	(39,123)	39,123
Balance at end of 2013	927,258	10,188,521