Shareholders' Equity

6 Months Ended

Jun. 30, 2017

Shareholders' Equity [Abstract]

Shareholders' Equity

12.  Shareholders’ Equity 

Change inAccounting for Employee Share-Based Payments

As discussed in Note 1 above, as a result of the adoption of ASU 2016-09,we recorded a net $238,000  cumulative-effect adjustment decrease to retained earnings, which included a $379,000 increase to additional paid in capital and a $141,000increase in deferred tax assets.

Common Shares Issued

In January 2016 we issued 3,703,699 shares of CryoLife common stock, as part of the consideration for the acquisition of On-X.  The stock had a value of $34.6 million as determined on the date of the closing.  See Note 4 for further discussion of the On-X acquisition.