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Shareholders' Equity and Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2017
Equity [Abstract]  
Shareholders' Equity and Accumulated Other Comprehensive Income

9.        Shareholders’ Equity and Accumulated Other Comprehensive Income

 

(in thousands, except         Accumulated  
Share amounts) Common Common Additional   Other Total
  Stock Stock Paid-in Accumulated Comprehensive Shareholders’
  Shares Amount Capital Deficit Income Equity
Balance at December 31, 2016 38,693,589 $387 $55,790  $(39,401) $712  $17,488 
             
Purchase of shares for cancellation (8,400) -  (6) -    -    (6)
Net loss -    -    -    (13) -    (13)

Net unrealized loss on 

marketable equity securities

 -    -    -    -    (93) (93)
Balance at March 31, 2017 38,685,189 $387 $55,784  $(39,414) $619 $17,376 

 

 

(in thousands, except         Accumulated  
Share amounts) Common Common Additional   Other Total
  Stock Stock Paid-in Accumulated Comprehensive Shareholders’
  Shares Amount Capital Deficit Income Equity
Balance at December 31, 2015 39,169,189 $392 $55,063  $(37,691) $111  $17,875 
             
Stock option expense -    -    2  -    -    2 
Purchase of shares for cancellation (174,000) (2) (81) -    -    (83)
Net loss -    -    -    (489) -    (489)

Net unrealized gain on 

marketable equity securities

 -    -    -    -    107  107 
Balance at March 31, 2016 38,995,189 $390 $54,984  $(38,180) $218 $17,412 

 

Share Repurchase Program

 

On October 28, 2015, Solitario’s Board of Directors approved a share repurchase program that initially authorized Solitario to purchase up to two million shares of its outstanding common stock through December 31, 2016. During 2016, Solitario’s Board of Directors extended the expiration date of the share repurchase program through December 31, 2017. During the three months ended March 31, 2017 and 2016, Solitario purchased 8,400 and 174,000 shares of Solitario common stock, respectively, for an aggregate purchase price of $6,000 and $83,000, respectively. As of March 31, 2017, Solitario has purchased a total of 629,000 shares for an aggregate purchase price of $321,000 under the share repurchase program since its inception.