Common Stock
As of December 31, 2017 and 2016, there were 38,374,011 and
37,882,266 shares of common stock, $0.0001 par value, issued and
outstanding, respectively. Such amounts include unvested restricted
stock awards issued to non-employee directors.
See Note 13 – “Earnings Per Share” for additional
information.
Preferred Stock
The Company has 25,000,000 authorized shares of preferred stock
with a par value $0.0001 per share. At December 31, 2017 and
2016, there were no preferred shares issued or outstanding.
Accumulated Other Comprehensive (Loss) Income
The components of accumulated other comprehensive (loss) income as
of December 31, 2017, by component, net of income taxes
consisted of the following (in thousands):
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|
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| |
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Unrealized
gains and
(losses) of
available-
for-sale
securities
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|
|
Foreign
currency
translation (2) |
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|
Total |
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|
Beginning balance, December 31, 2016
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|
$ |
(255 |
) |
|
$ |
1,065 |
|
|
$ |
810 |
|
|
Other comprehensive income (loss) before reclassifications
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|
|
193 |
|
|
|
(63 |
) |
|
|
130 |
|
|
Amounts reclassified from accumulated other comprehensive (loss)
income (1)
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|
|
— |
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|
|
— |
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|
|
— |
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|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive income (loss)
|
|
|
193 |
|
|
|
(63 |
) |
|
|
130 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, December 31, 2017
|
|
$ |
(62 |
) |
|
$ |
1,002 |
|
|
$ |
940 |
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|
| (1) |
Included as a component of other
income (expense), net in the consolidated statements of net and
comprehensive income. Reclassifications are determined on a
specific identification basis. |
| (2) |
The Company has not provided for U.S.
taxes on unremitted earnings of its foreign subsidiary as it is
operating at a loss and has no earnings and profits to remit. As a
result, deferred taxes were not provided related to the cumulative
foreign currency translation adjustments. See Note 11 –
“Income Taxes” for additional information. |
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