Equity (Tables)

6 Months Ended

Jun. 30, 2021

The following table reconciles the Company’s equity for the six months ended June 30, 2021:


							Accumulated
			Capital in				Other
	Common		Excess of		Reinvested		Comprehensive
	Stock		Par Value		Earnings		Loss

	(Dollars in thousands)
Balance, December 31, 2020	$	9,797	$	67,178	$	138,955	$	(28,005)
Net earnings		—		—		1,325		—
Foreign currency translation adjustments		—		—		—		(143)
Pension liability adjustment, net of tax		—		—		—		183
Cash dividends declared		—		—		(2,336)		—
Share-based compensation expense		—		545		—		—
Shares purchased and retired		(62)		—		(1,017)		—
Balance, March 31,2021	$	9,735	$	67,723	$	136,927	$	(27,965)
Net earnings		—		—		3,820		—
Foreign currency translation adjustments		—		—		—		176
Pension liability adjustment, net of tax		—		—		—		182
Cash dividends declared		—		—		(2,334)		—
Share-based compensation expense		—		327		—		—
Shares purchased and retired		(21)		—		(435)		—
Balance, June 30, 2021	$	9,714	$	68,050	$	137,978	$	(27,607)

The following table reconciles the Company’s equity for the six months ended June 30, 2020:


							Accumulated
			Capital in				Other
	Common		Excess of		Reinvested		Comprehensive
	Stock		Par Value		Earnings		Loss

	(Dollars in thousands)
Balance, December 31, 2019	$	9,873	$	65,832	$	158,825	$	(24,536)
Net earnings		—		—		1,162		—
Foreign currency translation adjustments		—		—		—		(2,558)
Pension liability adjustment, net of tax		—		—		—		138
Cash dividends declared		—		—		(2,357)		—
Share-based compensation expense		—		351		—		—
Shares purchased and retired		(60)		—		(1,244)		—
Balance, March 31, 2020	$	9,813	$	66,183	$	156,386	$	(26,956)
Net earnings (loss)		—		—		(8,883)		—
Foreign currency translation adjustments		—		—		—		1,590
Pension liability adjustment, net of tax		—		—		—		144
Cash dividends declared		—		—		(2,355)		—
Share-based compensation expense		—		350		—		—
Balance, June 30, 2020	$	9,813	$	66,533	$	145,148	$	(25,222)