Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v2.4.1.9
Stockholders' Equity
 3 Months Ended
Mar. 31, 2015
Equity [Abstract]  
Stockholders' Equity

8.    Stockholders’ Equity

Common Stock

As of March 31, 2015 and December 31, 2014, there were 37,072,155 and 36,918,442 shares of common stock, $0.0001 par value, issued and outstanding, including 42,882 and 42,882 of unvested restricted stock awards issued to non-employee directors, respectively.

 

The Company currently does not intend to pay a regular dividend. The Company will evaluate its dividend policy in the future. Any declaration and payment of future dividends to holders of the Company’s common stock will be at the discretion of the board of directors and will depend on many factors, including the Company’s financial condition, earnings, cash flows, capital requirements, level of indebtedness, statutory and contractual restrictions applicable to the payment of dividends and other considerations that the board of directors deems relevant.

Preferred Stock

The Company has 25,000,000 authorized shares of preferred stock with a par value $0.0001 per share. At March 31, 2015 and December 31, 2014, there were no preferred shares issued or outstanding.

Accumulated Other Comprehensive Income

The changes in accumulated other comprehensive income as of March 31, 2015, by component, net of income taxes consisted of the following (in thousands):

 

     Unrealized
gains and losses
of available-for-
sale securities (1)		      Foreign
currency
translation (1)		            Total        

Beginning balance, December 31, 2014

    $ 24       $ 135       $ 159   

Other comprehensive income before reclassifications

      193         173         366   

Amounts reclassified from accumulated other comprehensive loss (2)

      (5 )       —           (5 ) 
  

 

 

     

 

 

     

 

 

  

Net current-period other comprehensive income

   188      173      361   
  

 

 

     

 

 

     

 

 

  

Ending balance, March 31, 2015

 $ 212    $ 308    $ 520   
  

 

 

     

 

 

     

 

 

  

 

(1)  Amounts in parentheses indicate debits.
(2)  Amount represents gain on the sale of marketable securities, available for sale and is included as a component of other income (expense), net in the condensed consolidated statements of net and comprehensive income.