Share Capital

12 Months Ended

Dec. 31, 2014

Share Capital

Note 12. Share Capital

Our authorized share capital consists of 50,000,000 common shares with a par value of $0.10 per share and 1,000,000 preferred shares with a par value of $0.10 per share. Our Company has not issued any preferred shares as of December 31, 2014.

The following table represents changes in our Company’s issued and outstanding common shares for the periods indicated:

	Year Ended December 31,
In thousands	2014		2013		2012
Beginning balance		14,198		14,047		13,956
Vested stock grants		59		50		60
Employee stock purchase plan		19		17		16
Stock options exercised		5		84		15
Treasury shares purchased		—		—		—
Ending balance		14,281		14,198		14,047