XML 18 R15.htm IDEA: XBRL DOCUMENT  v2.3.0.11
Other
6 Months Ended
Jun. 30, 2011
Other  
Other

NOTE J OTHER

Cash Dividends

In March 2011, the Company resumed the declaration of cash dividends on its outstanding shares of common stock. Dividends declared in 2011 are as follows:

 

Dividend per share

  Date declared   Date of record   Payment date
$0.025   March 4, 2011   May 2, 2011   May 16, 2011
$0.025   June 27, 2011   August 2, 2011   August 16, 2011

On May 16, 2011, the Company paid cash dividends of $302,000, which reduced retained earnings. In the three months ended June 30, 2011, the Company reduced retained earnings for the accrual of $302,000 relating to the dividend payable on August 16, 2011.

 

Supplemental cash flow information    Six Months Ended
June 30,
 
     2011     2010  
     (in thousands)  

Supplemental disclosure of cash flow information:

  

Cash paid for interest

   $ 3,471      $ 3,710   

Cash paid for taxes

     5,169        1,110   

Non-cash investing activities:

    

Grupo Vasconia, S.A.B. translation adjustment

   $ (1,049   $ 130   

 

Comprehensive income (loss)    Three Months Ended
June  30,
    Six Months Ended
June 30,
 
     2011     2010     2011      2010  
     (in thousands)  

Net income (loss)

   $ 2,063      $ (981   $ 1,114       $ (252

Derivative fair value adjustment, net of taxes

     —          —          —           57   

Grupo Vasconia, S.A.B. foreign currency translation adjustment, net of taxes

     (176     (659     1,049         (79

Derivative hedge de-designation

     —          97        —           207   
  

 

 

   

 

 

   

 

 

    

 

 

 

Total comprehensive income (loss)

   $ 1,887      $ (1,543   $ 2,163       $ (67