Shareholders' Equity

9 Months Ended

Sep. 30, 2014

Equity [Abstract]

Shareholders' Equity

Shareholders' Equity

The Company has three classes of common stock as follows (share data in millions):

		Issued Common Stock
	Authorized Shares	Outstanding	Treasury	Total Issued Shares
Class A common stock ($0.025 par value)	80.0
September 30, 2014		34.6	5.4	40.0
December 31, 2013		33.8	6.2	40.0
Class B common stock ($0.025 par value)	80.0
September 30, 2014		14.2	0.8	15.0
December 31, 2013		14.2	0.8	15.0
Class C common stock ($0.025 par value)	20.0
September 30, 2014		—	0.5	0.5
December 31, 2013		—	0.5	0.5

In accordance with the Articles of Incorporation, each class A common share has one vote per share and each class B and class C common share has ten votes per share on all matters voted upon by the Company's shareholders. Liquidation rights are the same for all three classes of common stock.

The Company also has 0.5 million shares of $0.01 par value preferred stock authorized, of which none were issued at September 30, 2014 and December 31, 2013. The Company has no present plans to issue any preferred stock.

In accordance with the Articles of Incorporation, dividends are paid equally for class A, class B and class C common shares. The following table details the dividend activity related to the Company's then outstanding shares of class A, class B and class C common stock for the nine months endedSeptember 30, 2014 and 2013:

	Declaration Date	Record Date	Payment Date	Dividend Amount per Share
2014
Q3 2014 Dividend	August 5, 2014	September 8, 2014	September 19, 2014	$	0.30
Q2 2014 Dividend	May 19, 2014	June 9, 2014	June 20, 2014	0.30
Q1 2014 Dividend	February 26, 2014	March 12, 2014	March 21, 2014	0.30
2013
Q3 2013 Dividend	August 6, 2013	September 9, 2013	September 20, 2013	$	0.30
Q2 2013 Dividend	May 20, 2013	June 10, 2013	June 21, 2013	0.30
Q1 2013 Dividend	March 4, 2013	March 18, 2013	March 29, 2013	0.30

Common Stock and Other Equity and Noncontrolling Interests

Activity impacting the Company's common stock and other equity and noncontrolling interests for the nine months endedSeptember 30, 2014 was as follows:

	Quad/Graphics Common Stock and Other Equity			Noncontrolling Interests
Balance at December 31, 2013	$	1,288.9		$	(1.3	)
Net loss attributable to Quad/Graphics common shareholders	(7.2		)	—
Net loss attributable to noncontrolling interests	—			(0.3		)
Translation adjustments	(22.8		)	—
Dividends declared	(46.5		)	—
Stock-based compensation charges	13.2			—
Sale of stock for options exercised	1.8			—
Shares withheld from employees for the tax obligation on equity grants	(1.0		)	—
Tax expense on equity award activity	(0.9		)	—
Purchase of additional ownership in Morvillo(1)	(1.6		)	1.6
Pension and other postretirement benefit plan adjustments, net of tax	(2.8		)	—
Balance at September 30, 2014	$	1,221.1		$	—

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(1) With the purchase of additional ownership in Morvillo, the Company adjusted the noncontrolling interest on the condensed consolidated balance sheet, which was in a deficit position due to losses incurred at Morvillo. See Note 2, "Acquisitions and Strategic Investments," for further discussion.