Memorex 2012 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2012 Memorex annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
shares. The treasury stock held as of December 31, 2012 was acquired at an average price of $24.11 per share. Following is
a summary of treasury share activity:
Treasury
Shares
Balance as of December 31, 2009 ................................................. 4,826,705
Purchases ................................................................. —
Exercise of stock options ...................................................... (1,000)
Restricted stock grants and other ................................................ (439,175)
401(k) matching contribution ................................................... (174,245)
Balance as of December 31, 2010 ................................................. 4,212,285
Purchases ................................................................. 1,099,219
Exercise of stock options ...................................................... (45,429)
Restricted stock grants and other ................................................ (365,712)
401(k) matching contribution ................................................... (236,440)
Balance as of December 31, 2011 ................................................. 4,663,923
Purchases ................................................................. 1,236,161
Exercise of stock options ...................................................... —
Restricted stock grants and other ................................................ (499,851)
401(k) matching contribution ................................................... (517,588)
Shares issued for acquisition ................................................... (3,319,324)
Balance as of December 31, 2012 ................................................. 1,563,321
Accumulated Other Comprehensive Loss
Accumulated other comprehensive loss consisted of the following:
December 31,
2012 2011
(In millions)
Cumulative currency translation adjustment ...................................... $(49.1) $(47.4)
Pension adjustments, net of income tax ........................................ (27.8) (26.8)
Cash flow hedging and other, net of income tax ................................... 2.7 1.6
Total accumulated other comprehensive loss .................................. $(74.2) $(72.6)
87