CPSI 2017 Annual Report

61 COMPUTER PROGRAMS AND SYSTEMS, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (In thousands) Common Shares Common Stock Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss) Retained Earnings (Accumulated Deficit) Total Stockholders’ Equity Balance at December 31, 2014 . 11,209 $ 11 $ 38,983 $ (20) $ 41,806 $ 80,780 Net income (loss) . . . . . . . . . . . . — — — — 18,343 18,343 Unrealized loss on investments held for sale, net of tax. . . . . . . . — — — (18) — (18) Issuance of restricted stock . . . . 107 — — — — — Forfeiture of common stock. . . . (13) — — — — — Stock-based compensation. . . . . — — 5,380 — — 5,380 Dividends . . . . . . . . . . . . . . . . . . — — — — (28,943) (28,943) Excess (deficit) tax benefit from share-based compensation . . . . . — — (176) — — (176) Balance at December 31, 2015 . 11,303 $ 11 $ 44,187 $ (38) $ 31,206 $ 75,366 Net income (loss) . . . . . . . . . . . . — — — — 3,933 3,933 Change in unrealized income with realized income on the Statements of Operations . . . . . . — — — 38 — 38 Common stock issued as consideration for acquisition of HHI . . . . . . . . . . . . . . . . . . . . . . 1,974 2 89,801 — — 89,803 Fair value of options issued as consideration for acquisition of HHI . . . . . . . . . . . . . . . . . . . . . . — — 7,213 — — 7,213 Common stock issued upon exercise of stock options . . . . . . 169 — 1,134 — — 1,134 Issuance of restricted stock . . . . 87 — — — — — Stock-based compensation. . . . . — — 5,366 — — 5,366 Dividends . . . . . . . . . . . . . . . . . . — — — — (25,093) (25,093) Excess (deficit) tax benefit from share-based compensation . . . . . — — 210 — — 210 Balance at December 31, 2016 . 13,533 $ 13 $ 147,911 $ — $ 10,046 $ 157,970 Net income (loss) . . . . . . . . . . . . — — — — (17,416) (17,416) Common stock issued upon exercise of stock options . . . . . . 1 — 1 — — 1 Issuance of restricted stock . . . . 226 1 — — — 1 Stock-based compensation. . . . . — — 7,166 — — 7,166 Dividends . . . . . . . . . . . . . . . . . . — — — — (11,636) (11,636) Balance at December 31, 2017 . 13,760 14 155,078 — (19,006) 136,086 The accompanying notes are an integral part of these consolidated financial statements.