Common Stock
As of September 30, 2017 and December 31, 2016, there
were 38,140,801 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 September 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
September 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
|
|
|
325 |
|
|
|
(65 |
) |
|
|
260 |
|
|
Amounts reclassified from accumulated other comprehensive income
(loss) (1)
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net current-period other comprehensive income (loss)
|
|
|
325 |
|
|
|
(65 |
) |
|
|
260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ending balance, September 30, 2017
|
|
$ |
70 |
|
|
$ |
1,000 |
|
|
$ |
1,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (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. |
|