NetSpend 2015 Annual Report Download - page 83

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The following table sets forth information regarding the Company’s purchases of its common stock on a monthly
basis during the three months ended December 31, 2015:
(in thousands, except per share data) Total Number of
Shares Purchased Average Price Paid
per Share
Total Number of
Cumulative shares
Purchased as Part
of Publicly
announced Plans
or Programs
Maximum Number
of Shares That
May Yet Be
Purchased Under
the Plans or
Programs
October 2015 ................. — $ — 2,150 17,850
November 2015 ............... 3,000 52.85 5,150 14,850
December 2015 ............... 1
149.80 5,150 14,850
Total ...................... 3,001 $52.85
1 Consists of delivery of shares to TSYS on vesting of shares to pay taxes.
Treasury Shares
In 2008, the Compensation Committee approved “share withholding for taxes” for all employee nonvested
awards, and also for employee stock options under specified circumstances. The dollar amount of the income tax
liability from each exercise is converted into TSYS shares and withheld at the statutory minimum. The shares are
added to the treasury account and TSYS remits funds to the Internal Revenue Service to settle the tax liability.
During 2015 and 2014, the Company acquired 3,344 shares for approximately $0.2 million and acquired 162,489
shares for approximately $5.2 million, respectively, as a result of share withholding for taxes.
Note 21 Other Comprehensive Income (Loss)
Comprehensive income (loss) for TSYS consists of net income, cumulative foreign currency translation
adjustments, unrealized gains on available for sale securities and the recognition of an overfunded or
underfunded status of a defined benefit postretirement plan recorded as a component of shareholders’ equity.
The income tax effects allocated to and the cumulative balance of each component of accumulated other
comprehensive income (loss) are as follows:
(in thousands) Beginning
Balance Pretax
amount Tax
effect Net-of-tax
Amount Ending
Balance
As of December 31, 2012 ........................... $ (445) 2,272 419 1,853 $ 1,408
Foreign currency translation adjustments ............ $ 3,332 (295) 1,033 (1,328) $ 2,004
Transfer from NCI ............................... 28 — — — 28
Gain on available for sale securities ................. — 2,810 1,037 1,773 1,773
Change in AOCI related to postretirement healthcare
plans ........................................ (1,952) 1,926 30 1,896 (56)
As of December 31, 2013 ........................... $ 1,408 4,441 2,100 2,341 $ 3,749
Foreign currency translation adjustments ............ $ 2,004 (17,143) (1,547) (15,596) $ (13,592)
Transfer from NCI ............................... 28 — — — 28
Gain on available for sale securities ................. 1,773 (1,058) (390) (668) 1,105
Change in AOCI related to postretirement healthcare
plans ........................................ (56) 921 332 589 533
As of December 31, 2014 ........................... $ 3,749 (17,280) (1,605) (15,675) $ (11,926)
Foreign currency translation adjustments .......... $(13,592) (22,997) (1,548) (21,449) $(35,041)
Transfer from NCI .............................. 28 — — — 28
Gain on available for sale securities ............... 1,105 2,177 779 1,398 2,503
Change in AOCI related to postretirement
healthcare plans .............................. 533 (2,449) (882) (1,567) (1,034)
As of December 31, 2015 .......................... $(11,926) (23,269) (1,651) (21,618) $(33,544)
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