MoneyGram 2015 Annual Report Download - page 98

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Table of Contents
SecondaryOffering— On April 2, 2014, the Company completed an underwritten secondary public offering by the Investors of an aggregate of 9,200,000 shares
of the Company’s common stock. As part of the transaction, the affiliates of Goldman Sachs converted an aggregate of 37,957 shares of D Stock to 4,744,696
shares of common stock, which were sold as part of the transaction. The selling stockholders received all of the proceeds from the offering. Also on April 2, 2014,
the Company completed the repurchase of 8,185,092 shares of common stock from the THL selling stockholders at a price of $16.25 per share. The Company
funded the share repurchase with $130.0 million of the proceeds from its Tranche B-1 Term Loan Facility and cash.
AccumulatedOtherComprehensiveLoss — The following table details the components of “Accumulated other comprehensive loss” as of December 31 :
(Amounts in millions) 2015
2014
Net unrealized gains on securities classified as available-for-sale, net of tax $ 11.1
$ 11.2
Cumulative foreign currency translation adjustments, net of tax (13.5)
(5.4)
Pension and Postretirement Benefits adjustments, net of tax (46.3)
(72.9)
Accumulated other comprehensive loss $ (48.7)
$ (67.1)
The following table is a summary of the changes to "Accumulated other comprehensive loss" by component during 2015 , 2014 and 2013 :
(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 adjustments, net of tax
Total
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 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)
Other comprehensive loss before
amortization (0.2)
(8.9)
(23.2)
(32.3)
Amounts reclassified from accumulated
other comprehensive loss (5.9)
—
4.1
(1.8)
Net current period other comprehensive
loss (6.1)
(8.9)
(19.1)
(34.1)
December 31, 2014 $ 11.2
$ (5.4)
$ (72.9)
$ (67.1)
Other comprehensive income (loss)
before reclassification 1.3
(8.1)
12.7
5.9
Amounts reclassified from accumulated
other comprehensive loss (1.4)
—
13.9
12.5
Net current period other comprehensive
(loss) income (0.1)
(8.1)
26.6
18.4
December 31, 2015 $ 11.1
$ (13.5)
$ (46.3)
$ (48.7)
F-34