Sale of Common Stock
6 Months Ended
Jun. 30, 2012
Sale of Common Stock [Abstract]  
Sale of Common Stock

Note 13. Sale of Common Stock

On April 2, 2012, the Company closed the sale of 3,150,000 shares of its $.10 par value common stock at $15.00 per share, before underwriting discounts and offering expenses. The following table summarizes the changes in Common Stock and Additional Paid in Capital as a result of this transaction:

 

                         
    $0.10 Par
Value
Common
Shares
    Common
Stock
Amount
    Additional
Paid in
Capital
 

Balance March 31, 2012

    9,336,727     $ 934     $ 28,172  

Sale of common stock

    3,150,000       315       46,935  

Underwriting discount and offering expenses

    —         —         (7,469

Reclassification of temporary equity

    —         —         12,000  

Stock option expense

    —         —         142  
   

 

 

   

 

 

   

 

 

 

Balance June 30, 2012

    12,486,727     $ 1,249     $ 79,780