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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-27
Accumulated Other Comprehensive Income (Loss) by Component
Changes in accumulated other comprehensive income (Loss) ("OCI") during the year ended December 31, 2013 were as
follows (in thousands):
Foreign
Currency Long-Term
Notes
Defined
Benefit
Plans Derivatives Total
December 31, 2012 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 117,465 $ 2,845 $ (6,785) $ (782) $ 112,743
OCI before reclassifications. . . . . . . . . . . . . . . . . . . 26,380 (15,411) 2,218 671 13,858
Amount reclassified from accumulated OCI . . . . . . — — (847)(598)(1,445)
Net current-period OCI . . . . . . . . . . . . . . . . . . . . . 26,380 (15,411) 1,371 73 12,413
December 31, 2013 . . . . . . . . . . . . . . . . . . . . . . . . . . $ 143,845 $ (12,566) $ (5,414) $ (709) $ 125,156
Reclassifications out of accumulated OCI for the year ended December 31, 2013 were as follows (in thousands):
Amount reclassified
from OCI Affected Statement of
Comprehensive Income (Loss) line
Defined Benefit Plans
Service and interest costs . . . . . . . . . . . . . . . . . . . . . . . . . $(927) Selling, General and Administrative
Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80 Income Taxes
Total after tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(847)
Derivatives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign currency forward contracts hedging sales. . . . . . $ 432 Net Sales
Foreign currency forward contracts hedging purchases. . (703) Cost of Products Sold
Interest rate swaps. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (337) Interest Expense
Total before tax. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (608)
Tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (10) Income Taxes
Total after tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(598)
Capital Stock
Capital stock activity for 2013, 2012 and 2011 consisted of the following (in thousands of shares):
Common Stock
Shares Class B
Shares Treasury
Shares
January 1, 2011 Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,559 1,086 (2,319)
Exercise of stock options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 180 — —
Restricted stock awards. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 96 — (31)
Purchase of shares for treasury . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — (750)
December 31, 2011 Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,835 1,086 (3,100)
Exercise of stock options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 — (8)
Restricted stock awards. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107 — (27)
December 31, 2012 Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33,952 1,086 (3,135)
Exercise of stock options. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 — —
Restricted stock awards. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102 — (23)
December 31, 2013 Balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,084 1,086 (3,158)
Stock awards for 12,925, 10,631 and 4,900 shares were canceled in 2013, 2012 and 2011, respectively. In 2013, 2012 and
2011, dividends of $0.05 per Common Share and $0.045 per Class B Common Share were declared and paid, respectively.