Common Stock
The Hillman Companies, Inc. has one class of common stock. All outstanding shares of The Hillman Companies, Inc. common stock are owned by Holdco. The management shareholders of Holdco do not have the ability to put their shares back to Holdco.
Preferred Stock
The Hillman Companies, Inc. has one class of preferred stock, with 5,000 shares authorized and none issued or outstanding as of December 29, 2018 or December 30, 2017.
Accumulated Other Comprehensive Loss
The following is the detail of the change in the Company's accumulated other comprehensive loss from December 31, 2015 to December 29, 2018 including the effect of significant reclassifications out of accumulated other comprehensive income (net of tax):
|
|
|
|
|
|
Foreign Currency Translation |
Balance at December 31, 2015 |
$ |
(35,190 |
) |
Other comprehensive income before reclassifications |
808 |
|
Amounts reclassified from other comprehensive income |
— |
|
Net current period other comprehensive loss |
808 |
|
Balance at December 31, 2016 |
(34,382 |
) |
Other comprehensive income before reclassifications |
8,483 |
|
Amounts reclassified from other comprehensive income1
|
(638 |
) |
Net current period other comprehensive income |
7,845 |
|
Balance at December 30, 2017 |
(26,537 |
) |
Other comprehensive loss before reclassifications |
(11,104 |
) |
Amounts reclassified from other comprehensive loss2
|
51 |
|
Net current period other comprehensive income |
(11,053 |
) |
Balance at December 29, 2018 |
$ |
(37,590 |
) |
|
|
1. |
In the year ended December 30, 2017, the Company fully liquidated its Australian subsidiary and reclassified the cumulative translation adjustment to income. The $638 gain was recorded as other income on the Consolidated Statement of Comprehensive Income (Loss).
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2. |
In the year ended December 29, 2018, the Company fully liquidated four subsidiaries in the Canadian operating segment: Hillman Group GP1, LLC, Hillman Group GP2, LLC, HGC1 Financing LP, and HGC2 Holding LP and reclassified the cumulative translation adjustment to income. The $51 loss was recorded as other income on the consolidated statement of comprehensive income (loss).
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