Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity

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Stockholders' Equity
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Stockholders' Equity
9. Stockholders’ Equity

Common Stock

As of December 31, 2016 and 2015, there were 37,882,266 and 37,396,456 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, 2016 and 2015, 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, 2016, by component, net of income taxes consisted of the following (in thousands):

 

     Unrealized
gains and
(losses) of
available-
for-sale
securities
     Foreign
currency
translation (2)
     Total  

Beginning balance, December 31, 2015

   $ (568    $ 1,025      $ 457  

Other comprehensive (loss) income before reclassifications

     403        40        443  

Amounts reclassified from accumulated other comprehensive (loss) income (1)

     (90      —          (90
  

 

 

    

 

 

    

 

 

 

Net current-period other (loss) comprehensive income

     313        40        353  
  

 

 

    

 

 

    

 

 

 

Ending balance, December 31, 2016

   $ (255    $ 1,065      $ 810  
  

 

 

    

 

 

    

 

 

 

 

(1)  Included as a component of other income (expense), net in the consolidated statements of net and comprehensive income. The reclassifications were determined on a specific identification basis.
(2)  Deferred taxes are not provided for the cumulative translation adjustment as the subsidiary has no earnings and profits. See Note 11 – “Income Taxes” for additional information.