Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY

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CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)
In Thousands
Common stock
Additional paid-in Capital
Treasury stock
Retained Earnings
Noncontrolling Interest
Total
Beginning balance at Dec. 31, 2010 $ 2 $ 42,700 $ (1,654) $ 6,165 $ 5,582 $ 52,795
Beginning balance (shares) at Dec. 31, 2010 19,364   1,357      
Issuance of share based compensation (in shares) 660          
Previously deferred share-based compensation recognized   724       724
Issuance of common stock   24       24
Issuance of common stock, (in shares) 6          
Distributions to non-controlling interest in consolidated joint venture         (10,688) (10,688)
Net income       2,343 10,247 12,590
Ending balance at Dec. 31, 2011 2 43,448 (1,654) 8,508 5,141 55,445
Ending balance (shares) at Dec. 31, 2011 20,030   1,357      
Previously deferred share-based compensation recognized   1,242       1,242
Issuance of common stock   17       17
Issuance of common stock, (in shares) 6          
Distributions to non-controlling interest in consolidated joint venture         (3,586) (3,586)
Sale of interest in joint venture       1,736 (3,736) (2,000)
Net income       27,834 2,181 30,015
Ending balance at Dec. 31, 2012 $ 2 $ 44,707 $ (1,654) $ 38,078    $ 81,133
Ending balance (shares) at Dec. 31, 2012 20,036   1,357