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CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands | Total | Common Stock | Paid-in capital | Retained earnings | Accumulated other comprehensive loss
--- | --- | --- | --- | --- | ---
Beginning Balance (in shares) at Dec. 31, 2017 |  |  | 14,903,000 |  |  |
Balance at beginning of year at Dec. 31, 2017 |  | $ 210,279 | $ 149 | $ 178,909 | $ 60,546 | $ (29,325)
Comprehensive income (loss): |  |  |  |  |  |
Net loss |  | (11,598) |  |  | (11,598) |
Translation adjustment |  | 3,380 |  |  |  | 3,380
Derivative fair value adjustment |  | (14) |  |  |  | (14)
Effect of retirement benefit obligations |  | 18 |  |  |  | 18
Total comprehensive loss |  | $ (8,214) |  |  |  |
Issuance of 5,593,116 shares of common stock for acquisition of Filament, net of equity issuance costs (in shares) |  | 5,593,116 | 5,593,000 |  |  |
Issuance of 5,593,116 shares of common stock for acquisition of Filament, net of equity issuance costs |  | $ 75,976 | $ 56 | 75,920 |  |
Restricted shares issued to directors (in shares) |  |  | 3,000 |  |  |
Net issuance of restricted shares to employees (in shares) |  |  | 126,000 |  |  |
Net issuance of restricted shares to employees |  |  | $ 1 | (1) |  |
Stock compensation expense |  | 838 |  | 838 |  |
Shares effectively repurchased for required employee withholding taxes (in shares) |  |  | (19,000) |  |  |
Shares effectively repurchased for required employee withholding taxes |  | (258) |  | (258) |  |
Dividends | [1] | (880) |  |  | (880) |
Ending Balance (in shares) at Mar. 31, 2018 |  |  | 20,606,000 |  |  |
Balance at end of year at Mar. 31, 2018 |  | 277,741 | $ 206 | 255,408 | 48,068 | (25,941)
Beginning Balance (in shares) at Dec. 31, 2018 |  |  | 20,764,000 |  |  |
Balance at beginning of year at Dec. 31, 2018 |  | 279,493 | $ 208 | 258,637 | 55,264 | (34,616)
Comprehensive income (loss): |  |  |  |  |  |
Net loss |  | (4,867) |  |  | (4,867) |
Translation adjustment |  | 1,306 |  |  |  | 1,306
Derivative fair value adjustment |  | 596 |  |  |  | 596
Effect of retirement benefit obligations |  | 13 |  |  |  | 13
Total comprehensive loss |  | (2,952) |  |  |  |
Net issuance of restricted shares to employees (in shares) |  |  | 169,000 |  |  |
Net issuance of restricted shares to employees |  |  | $ 1 | (1) |  |
Stock compensation expense |  | $ 900 |  | 900 |  |
Net exercise of stock options (in shares) |  | 25,000 | 19,000 |  |  |
Shares effectively repurchased for required employee withholding taxes (in shares) |  |  | (25,000) |  |  |
Shares effectively repurchased for required employee withholding taxes |  | $ (232) |  | (232) |  |
Dividends | [1] | (898) |  |  | (898) |
Ending Balance (in shares) at Mar. 31, 2019 |  |  | 20,927,000 |  |  |
Balance at end of year at Mar. 31, 2019 |  | $ 276,311 | $ 209 | $ 259,304 | $ 49,499 | $ (32,701)
[1] | Cash dividends declared per share of common stock were $0.0425 and $0.0425 in 2018 and 2019, respectively.

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