CDW 2012 Annual Report Download - page 57
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Table of Contents
The accompanying notes are an integral part of the consolidated financial statements.
52
CDW CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT)
(in millions)
Total
Shareholders’ Equity
(Deficit)
Class A
Common
Shares
Class B
Common
Shares
Paid-in
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive Income
(Loss)
Balance at December 31, 2009
$
(44.7
)
$
—
$
—
$
2,155.4
$
(2,178.8
)
$
(21.3
)
Equity-based compensation expense
11.5
—
—
11.5
—
—
Accrued charitable contribution related to
the MPK Coworker Incentive Plan II, net
of tax
(0.2
)
—
—
(
0.2
)
—
—
Net loss
(29.2
)
—
—
—
(
29.2
)
—
Change in unrealized loss on interest rate
swap agreements, net of tax
(32.1
)
—
—
—
—
(
32.1
)
Reclassification of realized loss on
interest rate swap agreements from
accumulated other comprehensive loss to
net loss, net of tax
47.3
—
—
—
—
47.3
Foreign currency translation adjustment
3.9
—
—
—
—
3.9
Balance at December 31, 2010
$
(43.5
)
$
—
$
—
$
2,166.7
$
(2,208.0
)
$
(2.2
)
Equity-based compensation expense
19.5
—
—
19.5
—
—
Investment from CDW Holdings LLC
1.0
—
—
1.0
—
—
Repurchase of Class B Common Shares
(0.4
)
—
—
—
(
0.4
)
—
Accrued charitable contribution related to
the MPK Coworker Incentive Plan II, net
of tax
(1.1
)
—
—
(
1.1
)
—
—
Net income
17.1
—
—
—
17.1
—
Reclassification of realized loss on
interest rate swap agreements from
accumulated other comprehensive loss to
net income, net of tax
1.9
—
—
—
—
1.9
Foreign currency translation adjustment
(1.8
)
—
—
—
—
(
1.8
)
Balance at December 31, 2011
$
(7.3
)
$
—
$
—
$
2,186.1
$
(2,191.3
)
$
(2.1
)
Equity-based compensation expense
22.1
—
—
22.1
—
—
Investment from CDW Holdings LLC
2.8
—
—
2.8
—
—
Repurchase of Class B Common Shares
(0.7
)
—
—
—
(
0.7
)
—
Accrued charitable contribution related to
the MPK Coworker Incentive Plan II, net
of tax
(1.4
)
—
—
(
1.4
)
—
—
Incentive compensation plan units
withheld for taxes
(0.5
)
—
—
(
0.5
)
—
—
Net income
119.0
—
—
—
119.0
—
Foreign currency translation adjustment
2.5
—
—
—
—
2.5
Balance at December 31, 2012
$
136.5
$
—
$
—
$
2,209.1
$
(2,073.0
)
$
0.4