SHAREHOLDERS EQUITY

12 Months Ended

Dec. 31, 2019

7.SHAREHOLDERS EQUITY

Common Stock

The Company is authorized to issue up to 100,000,000 shares of common stock with a par value of one cent per share.

Preferred Stock

The Company is authorized to issue up to 5,000,000 shares of undesignated preferred stock with a par value of one cent per share and which can be issued in one or more series. The terms, price and conditions of the preferred shares will be set by the board of directors. No shares of preferred stock have been issued.

Dividends

The Company has paid consecutive quarterly cash dividends since May 2011. Dividend payments made for 2019, 2018 and 2017 were as follows:


			Dividend
Payment	Record Date	Payment Date	(per share)		Amount

Q1 2017	March 27, 2017	April 3, 2017	$	0.18	$	2,043
Q2 2017	June 13, 2017	June 20, 2017		0.18		2,048
Q3 2017	September 11, 2017	September 18, 2017		0.18		2,048
Q4 2017	December 4, 2017	December 11, 2017		0.18		2,049
Total for 2017			$	0.72	$	8,188

Q1 2018	March 19, 2018	March 26, 2018	$	0.18	$	2,049
Q2 2018	June 11, 2018	June 18, 2018		0.18		2,049
Q3 2018	September 10, 2018	September 17, 2018		0.18		2,051
Q4 2018	December 3, 2018	December 10, 2018		0.18		2,051
Total for 2018			$	0.72	$	8,200

Q1 2019	March 18, 2019	March 25, 2019	$	0.18	$	2,052
Q2 2019	June 10, 2019	June 17, 2019		0.18		2,051
Q3 2019	September 9, 2019	September 16, 2019		0.18		2,053
Q4 2019	December 9, 2019	December 16, 2019		0.18		2,052
Total for 2019			$	0.72	$	8,208

Accumulated Other Comprehensive Loss

During the year ended December 31, 2018, the Company reclassified a net foreign currency gain related to operations discontinued in previous years of $552 from accumulated other comprehensive loss to accumulated surplus.