Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Common Stock
Additional Paid-In Capital
Retained Earnings
Beginning Balance (in shares) at Dec. 31, 2015   14,580,216    
Beginning Balance at Dec. 31, 2015 $ 257,197 $ 10,352 $ 96,194 $ 150,651
Increase (Decrease) in Shareholders' Equity        
Net income (loss) 3,515     3,515
Vesting of restricted stock (in shares)   114,804    
Vesting of restricted stock (217) $ (23) (194)  
Stock-based compensation expense 3,125 $ 312 2,813  
Dividends on common stock (588)     (588)
Ending Balance (in shares) at Dec. 31, 2016   14,695,000    
Ending Balance at Dec. 31, 2016 263,032 $ 10,641 98,813 153,578
Increase (Decrease) in Shareholders' Equity        
Net income (loss) (44,766)     (44,766)
Vesting of restricted stock (in shares)   215,478    
Vesting of restricted stock (916) $ (92) (824)  
Stock-based compensation expense 2,741 $ 274 2,467  
Dividends on common stock $ (598)     (598)
Ending Balance (in shares) at Dec. 31, 2017 14,910,000 14,910,000    
Ending Balance at Dec. 31, 2017 $ 219,493 $ 10,823 100,456 108,214
Increase (Decrease) in Shareholders' Equity        
Net income (loss) (20,378)      
Vesting of restricted stock (in shares)   179,685    
Vesting of restricted stock (810) $ (81) (729)  
Stock-based compensation expense $ 2,795 $ 279 2,516  
Ending Balance (in shares) at Dec. 31, 2018 15,090,000 15,090,000    
Ending Balance at Dec. 31, 2018 $ 201,100 $ 11,021 $ 102,243 $ 87,836