Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Changes in Accumulated Other Comprehensive (Loss) Income, Net of Income Taxes

The components of accumulated other comprehensive (loss) income as of December 31, 2015, by component, net of income taxes consisted of the following (in thousands):


gains and
(losses) of

translation (2)

Beginning balance, December 31, 2014

  $ 24      $ 135       $ 159   

Other comprehensive (loss) income before reclassifications

    (608     890         282   

Amounts reclassified from accumulated other comprehensive (loss) income (1)

    16        —           16   










Net current-period other (loss) comprehensive income

    (592     890         298   










Ending balance, December 31, 2015

  $ (568   $ 1,025       $ 457   











(1)  Included as a component of other income (expense), net in the consolidated statements of net and comprehensive income. The reclassifications were determined on a specific identification basis.
(2)  Deferred taxes are not provided for the cumulative translation adjustment as the subsidiary has no earnings and profits. See Note 11 – “Income Taxes” for additional information.
Schedule of Deemed Capital Contribution (Distribution)

A summary of the deemed capital contributions (distributions) from MMC recorded in additional paid in capital for the year ended December 31,2013 consisted of the following (in thousands):


Compensation cost for unvested restricted stock and SARs, net of tax

   $ 2,655   

SARs liability


Notes payable to former stockholders


Interest expense related to notes payable to former stockholders


Deferred taxes assets, net




   $ (3,291