Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Stockholders' Equity
8. Stockholders’ Equity

Common Stock

As of June 30, 2017 and December 31, 2016, there were 38,117,290 and 37,882,266 shares of common stock, $0.0001 par value, issued and outstanding, which includes unvested restricted stock awards issued to non-employee directors, respectively. See Note 11 – “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 June 30, 2017 and December 31, 2016, there were no preferred shares issued or outstanding.

Accumulated Other Comprehensive Income

The components of accumulated other comprehensive income as of June 30, 2017, 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, 2016

   $ (255    $ 1,065      $ 810  

Other comprehensive income (loss) before reclassifications

     221        (25      196  

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

     —          —          —    
  

 

 

    

 

 

    

 

 

 

Net current-period other comprehensive income (loss)

     221        (25      196  
  

 

 

    

 

 

    

 

 

 

Ending balance, June 30, 2017

   $ (34    $ 1,040      $ 1,006  
  

 

 

    

 

 

    

 

 

 

 

(1)  Included as a component of other income (expense), net in the condensed consolidated statements of net and comprehensive income. The reclassifications were 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.