Annual report pursuant to Section 13 and 15(d)

Stockholder's Equity

v3.3.1.900
Stockholder's Equity
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Stockholder's Equity
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 thousand shares 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, 2012
 
$
(12,243
)
 
$
(12,243
)
Gain (loss) through Accumulated other comprehensive income
 
7,014

 
7,014

Reclassification into net income
 
5,303

 
5,303

Balance at December 31, 2013
 
74

 
74

Gain (loss) through Accumulated other comprehensive income
 
(12,560
)
 
(12,560
)
Reclassification into net income
 
7,681

 
7,681

Balance at December 31, 2014
 
(4,805
)
 
(4,805
)
Unrealized loss on derivatives recognized through Accumulated other comprehensive income (loss)
 
(16,041
)
 
(16,041
)
Reclassifications of unrealized loss on derivatives into net income
 
7,300

 
7,300

Balance at December 31, 2015
 
$
(13,546
)
 
$
(13,546
)
 
 
(a)     No income taxes were recorded on the unrealized loss on derivative instrument amounts for 2015, 2014 and 2013 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 9, Derivatives, for further information.