Stockholders' Equity

12 Months Ended

Dec. 31, 2014

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, 2014 and 2013.  The common stock has a par value of $.01 per share and the Company paid dividends of $0.03 per quarter through September 30, 2014. During the 2014 fourth quarter, the Board approved an increase to $0.04 per share per quarter. 

At December 31, 2014 and 2013, 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.

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. There were no share repurchases during 2014, and the authorization will expire on December 31, 2016.  

As of December 31, 2014 and 2013, the Company withheld 21,676 and 16,166 shares for approximately $985 and $708, 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 $1,345,$1,240 and $1,029 were paid in 2014, 2013, and 2012, respectively.

	Common Stock
Share Activity	Treasury	Outstanding
	(Number of Shares)
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
Issued for stock-based compensation plans	(53,884)	53,884
Balance at end of 2014	873,374	10,242,405