Annual report pursuant to Section 13 and 15(d)

Equity and Accumulated Other Comprehensive Income

v3.20.1
Equity and Accumulated Other Comprehensive Income
12 Months Ended
Dec. 28, 2019
Equity [Abstract]  
Equity and Accumulated Other Comprehensive Income
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 28, 2019 and December 29, 2018.
Accumulated Other Comprehensive Loss
The following is the detail of the change in the Company's accumulated other comprehensive loss from December 31, 2016 to December 28, 2019 including the effect of significant reclassifications out of accumulated other comprehensive income (net of tax):
 
Foreign Currency Translation
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 loss
7,845

Balance at December 30, 2017
(26,537
)
Other comprehensive income before reclassifications
(11,104
)
Amounts reclassified from other comprehensive income²
51

Net current period other comprehensive income
(11,053
)
Balance at December 29, 2018
(37,590
)
Other comprehensive loss before reclassifications
5,533

Amounts reclassified from other comprehensive income³
17

Net current period other comprehensive income
5,550

Balance at December 28, 2019
$
(32,040
)

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).
2.
In the year ended December 29, 2018, the Company fully liquidated four subsidiaries within the Canada reportable 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).
3.
In the year ended December 28, 2019, the Company fully liquidated its Luxembourg subsidiary which results resides within the Canada reportable segment. The $17 loss was recorded as other income on the Consolidated Statement of Comprehensive Income (Loss).