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47
IMATION CORP.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Common
Stock
Additional
Paid-in
Capital Retained
Deficit
Accumulated
Other
Comprehensive
Loss Treasury
Stock
Total
Shareholders’
Equity
(In millions, except per share amounts)
Balance as of December 31, 2011 $ 0.4 $1,107.8 $ (200.1) $ (72.6) $ (111.8) $ 723.7
Net loss (340.7) (340.7)
Purchase of treasury stock (6.5)(6.5)
Restricted stock grants and other (1.0) 4.4 3.4
401(k) matching contribution (1.0) 4.0 3.0
Stock-based compensation related to options 3.6 3.6
Net change in cumulative translation adjustment (1.7)(1.7)
Pension adjustments, net of tax (1.0) (1.0)
Cash flow hedging, net of tax 1.1 1.1
Issuance of treasury stock for acquisition (56.8)72.3 15.5
Balance as of December 31, 2012 $ 0.4 $1,052.6 $ (540.8) $ (74.2) $ (37.6) $ 400.4
Net loss (44.4) (44.4)
Purchase of treasury stock (2.5)(2.5)
Restricted stock grants and other (4.2) 7.9 3.7
401(k) matching contribution (3.6) 5.3 1.7
Stock-based compensation related to options 2.9 2.9
Net change in cumulative translation adjustment (4.5)(4.5)
Pension adjustments, net of tax 16.2 16.2
Cash flow hedging, net of tax (0.3) (0.3)
Balance as of December 31, 2013 $ 0.4 $1,047.7 $ (585.2) $ (62.8) $ (26.9) $ 373.2
Net loss (114.7) (114.7)
Exercise of stock options (1.7) 2.1 0.4
Purchase of treasury stock (2.5)(2.5)
Restricted stock grants and other (10.3)13.5 3.2
401(k) matching contribution (2.5) 4.3 1.8
Stock-based compensation related to options 1.4 1.4
Net change in cumulative translation adjustment (15.7)(15.7)
Pension adjustments, net of tax (9.0)(9.0)
Cash flow hedging, net of tax 2.7 2.7
Balance as of December 31, 2014 $ 0.4 $1,034.6 $ (699.9) $ (84.8) $ (9.5) $ 240.8
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.