Summary of Changes in Shareholders' Equity |
A summary of changes in shareholders’ equity for the three months ended June 30, 2021 is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional Paid-In Capital | | Retained Earnings | | Treasury Stock | | Deferred Compensation Trust | | Deferred Compensation Liability | | Total | Balance, March 31, 2021 | | $ | 206 | | | $ | 2,272,006 | | | $ | 9,059,882 | | | $ | (8,285,587) | | | $ | (16,710) | | | $ | 16,710 | | | $ | 3,046,507 | | | | | | | | | | | | | | | | | Net income | | — | | | — | | | 321,295 | | | — | | | — | | | — | | | 321,295 | | | | | | | | | | | | | | | | | Purchase of common stock for treasury | | — | | | — | | | — | | | (376,941) | | | — | | | — | | | (376,941) | | Equity-based compensation | | — | | | 13,379 | | | — | | | — | | | — | | | — | | | 13,379 | | Proceeds from Options exercised | | — | | | 38,048 | | | — | | | — | | | — | | | — | | | 38,048 | | Treasury stock issued upon option exercise and restricted share vesting | | — | | | (8,869) | | | — | | | 8,869 | | | — | | | — | | | — | | Balance, June 30, 2021 | | $ | 206 | | | $ | 2,314,564 | | | $ | 9,381,177 | | | $ | (8,653,659) | | | $ | (16,710) | | | $ | 16,710 | | | $ | 3,042,288 | |
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A summary of changes in shareholders’ equity for the three months ended June 30, 2020 is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional Paid-In Capital | | Retained Earnings | | Treasury Stock | | Deferred Compensation Trust | | Deferred Compensation Liability | | Total | Balance, March 31, 2020 | | $ | 206 | | | $ | 2,127,315 | | | $ | 8,085,575 | | | $ | (7,796,177) | | | $ | (16,912) | | | $ | 16,912 | | | $ | 2,416,919 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income | | — | | | — | | | 164,075 | | | — | | | — | | | — | | | 164,075 | | Deferred compensation activity, net | | — | | | — | | | — | | | — | | | 202 | | | (202) | | | — | | | | | | | | | | | | | | | | | Equity-based compensation | | — | | | 14,434 | | | — | | | — | | | — | | | — | | | 14,434 | | Proceeds from Options exercised | | — | | | 16,984 | | | — | | | — | | | — | | | — | | | 16,984 | | Treasury stock issued upon option exercise and restricted share vesting | | — | | | (7,110) | | | — | | | 7,110 | | | — | | | — | | | — | | Balance, June 30, 2020 | | $ | 206 | | | $ | 2,151,623 | | | $ | 8,249,650 | | | $ | (7,789,067) | | | $ | (16,710) | | | $ | 16,710 | | | $ | 2,612,412 | |
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A summary of changes in shareholders’ equity for the six months ended June 30, 2021 is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional Paid-In Capital | | Retained Earnings | | Treasury Stock | | Deferred Compensation Trust | | Deferred Compensation Liability | | Total | Balance, December 31, 2020 | | $ | 206 | | | $ | 2,214,426 | | | $ | 8,811,120 | | | $ | (7,922,678) | | | $ | (16,710) | | | $ | 16,710 | | | $ | 3,103,074 | | | | | | | | | | | | | | | | | Net income | | — | | | — | | | 570,057 | | | — | | | — | | | — | | | 570,057 | | | | | | | | | | | | | | | | | Purchase of common stock for treasury | | — | | | — | | | — | | | (754,366) | | | — | | | — | | | (754,366) | | Equity-based compensation | | — | | | 27,850 | | | — | | | — | | | — | | | — | | | 27,850 | | Proceeds from Options exercised | | — | | | 95,673 | | | — | | | — | | | — | | | — | | | 95,673 | | Treasury stock issued upon option exercise and restricted share vesting | | — | | | (23,385) | | | — | | | 23,385 | | | — | | | — | | | — | | Balance, June 30, 2021 | | $ | 206 | | | $ | 2,314,564 | | | $ | 9,381,177 | | | $ | (8,653,659) | | | $ | (16,710) | | | $ | 16,710 | | | $ | 3,042,288 | |
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A summary of changes in shareholders’ equity for the six months ended June 30, 2020 is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Common Stock | | Additional Paid-In Capital | | Retained Earnings | | Treasury Stock | | Deferred Compensation Trust | | Deferred Compensation Liability | | Total | Balance, December 31, 2019 | | $ | 206 | | | $ | 2,055,407 | | | $ | 7,909,872 | | | $ | (7,624,241) | | | $ | (16,912) | | | $ | 16,912 | | | $ | 2,341,244 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net income | | — | | | — | | | 339,778 | | | — | | | — | | | — | | | 339,778 | | Deferred compensation activity, net | | — | | | — | | | — | | | — | | | 202 | | | (202) | | | — | | Purchase of common stock for treasury | | — | | | — | | | — | | | (216,582) | | | — | | | — | | | (216,582) | | Equity-based compensation | | — | | | 21,926 | | | — | | | — | | | — | | | — | | | 21,926 | | Proceeds from Options exercised | | — | | | 126,046 | | | — | | | — | | | — | | | — | | | 126,046 | | Treasury stock issued upon option exercise and restricted share vesting | | — | | | (51,756) | | | — | | | 51,756 | | | — | | | — | | | — | | Balance, June 30, 2020 | | $ | 206 | | | $ | 2,151,623 | | | $ | 8,249,650 | | | $ | (7,789,067) | | | $ | (16,710) | | | $ | 16,710 | | | $ | 2,612,412 | |
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