MoneyGram 2013 Annual Report Download - page 107
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Table of Contents
The following table is a summary of the changes to "Accumulated other comprehensive loss" by component during 2013 and 2012 :
The following table is a summary of the significant amounts amortized out of each component of "Accumulated other comprehensive loss"
during the years ended December 31 :
Note 12 — Stock-Based Compensation
The MoneyGram International, Inc. 2005 Omnibus Incentive Plan (“2005 Plan”) provides for the granting of equity-
based compensation awards,
including stock options, stock appreciation rights, restricted stock units and restricted stock awards (collectively, “share-based awards”)
to
officers, employees and directors. In May 2013, the Company's stockholders approved an amendment and restatement of the 2005 Plan
increasing the aggregate number of shares that may be issued from 7,125,000 to 12,925,000 shares. As of December 31, 2013
, the Company
has remaining authorization to issue future grants of up to 6,643,214 shares.
The calculated fair value of share-based awards is recognized as compensation cost using the straight-
line method over the vesting or service
period in the Company’s financial statements. Stock-
based compensation is recognized only for those options, restricted stock units and stock
appreciation rights expected to vest, with forfeitures estimated at the date of grant and evaluated and adjusted periodically to reflect the
Company’s historical experience and future expectations. Any change in the forfeiture assumption will
F-37
(Amounts in millions)
Net unrealized gains on
securities classified as
available-for-sale, net of tax
Cumulative foreign
currency translation
adjustments, net of tax
Pension and postretirement
benefits adjustment, net of
tax
Total
December 31, 2011
$
21.5
$
1.0
$
(60.5
)
$
(38.0
)
Other comprehensive (loss) income
before amortization
4.8
1.6
(14.2
)
(7.8
)
Amounts reclassified/amortized from
accumulated other comprehensive
loss
(10.0
)
—
3.5
(6.5
)
Net current period other
comprehensive (loss) income
(5.2
)
1.6
(10.7
)
(14.3
)
December 31, 2012
$
16.3
$
2.6
$
(71.2
)
$
(52.3
)
Other comprehensive income before
amortization
5.1
0.9
12.6
18.6
Amounts reclassified/amortized from
accumulated other comprehensive
loss
(4.1
)
—
4.8
0.7
Net current period other
comprehensive income
1.0
0.9
17.4
19.3
December 31, 2013
$
17.3
$
3.5
$
(53.8
)
$
(33.0
)
(Amounts in millions) 2013
Statement of Operations Location
Unrealized gains on securities classified as available-for-sale, before tax
$
(5.7
)
"Investment revenue"
Tax expense, net
1.6
Total gains, net of tax
$
(4.1
)
Pension and postretirement benefits adjustments:
Prior service credits
$
(0.6
)
"Compensation and benefits"
Net actuarial losses
8.1
"Compensation and benefits"
Total before tax
7.5
Tax benefit, net
(2.7
)
Total, net of tax
$
4.8
Total amortization for the period, net of tax
$
0.7