Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

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CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Loss
Total
Balance at Dec. 31, 2018 $ 227 $ 151,813 $ 136,765 $ (6,049) $ 282,756
Balance (in shares) at Dec. 31, 2018 22,700,991        
Increase (Decrease) in Stockholders' Equity          
Net loss     (297)   (297)
Dividends paid     (6,292)   (6,292)
Adjustment for pension and postretirement benefit liability, net of tax of $20 in 2020, ($18) in 2019       53 53
Adjustment for interest rate swap, net of tax of $1,489 in 2020, $378 in 2019       (1,075) (1,075)
Shares withheld on restricted stock vesting   (50)     (50)
Stock based compensation $ 1 1,053     1,054
Stock based compensation (in shares) 94,421        
Balance at Mar. 31, 2019 $ 228 152,816 130,176 (7,071) 276,149
Balance (in shares) at Mar. 31, 2019 22,795,412        
Balance at Dec. 31, 2018 $ 227 151,813 136,765 (6,049) 282,756
Balance (in shares) at Dec. 31, 2018 22,700,991        
Increase (Decrease) in Stockholders' Equity          
Pension termination, net of tax of ($2,237)         (6,380)
Balance at Dec. 31, 2019 $ 228 155,001 160,748 (2,814) 313,163
Balance (in shares) at Dec. 31, 2019 22,795,412        
Increase (Decrease) in Stockholders' Equity          
Net loss     (10,086)   (10,086)
Dividends paid     (6,487)   (6,487)
Adjustment for pension and postretirement benefit liability, net of tax of $20 in 2020, ($18) in 2019       (57) (57)
Adjustment for interest rate swap, net of tax of $1,489 in 2020, $378 in 2019       (4,237) (4,237)
Shares withheld on restricted stock vesting   (72)     (72)
Stock based compensation $ 1 1,367     1,368
Stock based compensation (in shares) 62,045        
Balance at Mar. 31, 2020 $ 229 $ 156,296 143,618 $ (7,108) 293,035
Balance (in shares) at Mar. 31, 2020 22,857,457        
Increase (Decrease) in Stockholders' Equity          
Impact due to adoption     $ (557)   $ (557)