Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY AND COMPREHENSIVE INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY AND COMPREHENSIVE INCOME (LOSS) (USD $)
In Thousands, unless otherwise specified
Total
Common Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Comprehensive Income
Balance at Dec. 31, 2008 $ 53,677 $ 66,705 $ 4,172 $ (17,200)  
Balance (in shares) at Dec. 31, 2008   15,510      
Increase (Decrease) in Shareholders' Equity          
Share-based compensation expense 478 478      
Cash dividends ($0.05 per share) (776)   (776)    
Components of comprehensive income (loss):          
Foreign currency translation       (2,463) (2,463)
Net unrealized loss on investment securities (net of tax of $9, $2 and $42 for the year ended 2011, 2010 and 2009, respectively)       64 64
Net income (loss) 6,115   6,115   6,115
Total comprehensive income 3,716       3,716
Balance at Dec. 31, 2009 57,095 67,183 9,511 (19,599)  
Balance (in shares) at Dec. 31, 2009   15,510      
Increase (Decrease) in Shareholders' Equity          
Share-based compensation expense 437 437      
Proceeds from the exercise of stock options 132 132      
Proceeds from the exercise of stock options (in shares)   23      
Components of comprehensive income (loss):          
Write-off of Brazil cumulative translation adjustments       7,364 7,364
Foreign currency translation       4,591 4,591
Net unrealized loss on investment securities (net of tax of $9, $2 and $42 for the year ended 2011, 2010 and 2009, respectively)       (4) (4)
Net income (loss) (1,233)   (1,233)   (1,233)
Total comprehensive income 10,718       10,718
Balance at Dec. 31, 2010 68,382 67,752 8,278 (7,648)  
Balance (in shares) at Dec. 31, 2010 15,533 15,533      
Increase (Decrease) in Shareholders' Equity          
Share-based compensation expense 3,478 3,478      
Proceeds from the exercise of stock options 398 398      
Proceeds from the exercise of stock options (in shares)   36      
Components of comprehensive income (loss):          
Foreign currency translation       (2,397) (2,397)
Net unrealized loss on investment securities (net of tax of $9, $2 and $42 for the year ended 2011, 2010 and 2009, respectively)       (24) (24)
Net income (loss) 17,601   17,601   17,601
Total comprehensive income 15,180       15,180
Balance at Dec. 31, 2011 $ 87,438 $ 71,628 $ 25,879 $ (10,069)  
Balance (in shares) at Dec. 31, 2011 15,569 15,569