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Shareholders' Equity and Accumulated Other Comprehensive Income

9 Months Ended

Sep. 30, 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
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)
March 31, 2017	38,685,189	$387	$55,784	$(39,414)	$619	$17,376

Purchase of shares for cancellation	(30,300)	(1)	(21)	-	-	(22)
Net loss	-	-	-	(517)	-	(517)
Net unrealized gain on marketable equity securities	-	-	-	-	244	244
June 30, 2017	38,654,889	$386	$55,763	$(39,931)	$863	$17,081

Issuance of shares – Acquisition	19,788,177	198	13,456			13,654
Replacement options			164			164
Stock option compensation			23			23
Net income				77		77
Net unrealized gain on marketable equity securities					(126)	(126)

September 30, 2017	58,443,066	$584	$69,406	$(39,854)	$737	$30,873

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. On November 7, 2017, Solitario’s Board of Directors extended the expiration date of the share repurchase program through December 31, 2018. During the nine months ended September 30, 2017, Solitario purchased 38,700 shares of Solitario common stock for an aggregate purchase price of $28,000. During the three and nine months ended September 30, 2016, Solitario purchased 18,000 and 424,000 shares of Solitario common stock, respectively, for an aggregate purchase price of $13,000 and $214,000, respectively. As of September 30, 2017, Solitario has purchased a total of 659,300 shares for an aggregate purchase price of $343,000 under the share repurchase program since its inception.