Tecumseh Products 2014 Annual Report Download - page 44

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42
TECUMSEH PRODUCTS COMPANY AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in millions)
Common
Shares
Class A
$1 Par
Valu e
Class B
$1 Par
Valu e
Paid in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income/(Loss)
Total
Stockholders’
Equity
Balance, January 1, 2012 $ — $ 13.4 $ 5.1 $ 11.0 $ 281.0 $ (24.6) $ 285.9
Net income 22.6 22.6
Gain on derivatives, net of tax 12.0 12.0
Translation adjustments, net of tax (12.6)(12.6)
Pension and postretirement benefits,
net of tax (49.5)(49.5)
Net ————22.6 (50.1)(27.5)
Balance, December 31, 2012 $ — $ 13.4 $ 5.1 $ 11.0 $ 303.6 $ (74.7) $ 258.4
Net loss (37.5)(37.5)
Gain on derivatives, net of tax 1.0 1.0
Translation adjustments, net of tax (22.6)(22.6)
Pension and postretirement benefits,
net of tax 11.0 11.0
Net ————
(37.5)(10.6)(48.1)
Balance, December 31, 2013 $ — $ 13.4 $ 5.1 $ 11.0 $ 266.1 $ (85.3) $ 210.3
Impact of recapitalization 29.5 (13.4) (5.1)(11.0)—
Stock based compensation 0.3 0.3
Net loss (32.7)(32.7)
Gain on derivatives, net of tax 0.9 0.9
Translation adjustments, net of tax (16.5)(16.5)
Pension and postretirement benefits,
net of tax (12.0)(12.0)
Net 29.5 (13.4) (5.1)(10.7)(32.7)$ (27.6)(60.0)
Balance, December 31, 2014 $ 29.5 $ — $ — $ 0.3 $ 233.4 $ (112.9) $ 150.3
The accompanying notes are an integral part of these Consolidated Financial Statements.