Annual report pursuant to Section 13 and 15(d)

Stockholder's Equity

v2.4.0.8
Stockholder's Equity
12 Months Ended
Dec. 31, 2013
Stockholder's Equity  
Stockholder's Equity

(15)  Stockholder’s Equity

 

Common Stock

 

Pursuant to the Monitronics Acquisition, the Company deauthorized all shares of Class A and Class B common stock upon its merger with Merger Sub on December 17, 2010. The newly formed entity has one share of common stock issued and outstanding to Ascent Capital as of December 31, 2010.  There have been no changes to the common stock issued and outstanding since the Monitronics Acquisition.

 

Other Comprehensive Income (Loss)

 

Accumulated other comprehensive income (loss) included in the consolidated balance sheets and consolidated statement of stockholder’s equity reflect the aggregate fair market value adjustments to the Swaps.

 

The change in the components of accumulated other comprehensive income (loss), net of taxes, is summarized as follows (amounts in thousands):

 

 

 

Unrealized
Gains and Losses on
Derivative
Instruments, net (a)

 

Accumulated
Other
Comprehensive
Income (Loss)

 

Balance at December 31, 2010

 

$

 

 

Gain (loss) through Accumulated other comprehensive income (loss)

 

 

 

Reclassifications into net income

 

 

 

Balance at December 31, 2011

 

 

 

Gain (loss) through Accumulated other comprehensive income (loss)

 

(15,715

)

(15,715

)

Reclassifications into net income

 

3,472

 

3,472

 

Balance at December 31, 2012

 

(12,243

)

(12,243

)

Gain (loss) through Accumulated other comprehensive income (loss)

 

7,014

 

7,014

 

Reclassifications into net income

 

5,303

 

5,303

 

Balance at December 31, 2013

 

$

74

 

74

 

 

(a)      No income taxes were recorded unrealized loss on derivative instrument amounts for 2013 and 2012 because the Company is subject to a full valuation allowance.  Amounts reclassified into net income are included in Interest expense on the consolidated statement of operations.  See note 10, Derivatives, for further information.