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Equity
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Equity

9. Equity

Our equity as of December 31, 2018 and June 30, 2019, and changes during the three and six months ended June 30, 2019, were as follows:

 

 

Common

 

 

Additional

Paid-in-

 

 

Treasury

 

 

Accumulated

 

 

Accumulated

Other

Comprehensive

 

 

Total RRD's

Stockholders'

 

 

Noncontrolling

 

 

Total

 

 

Stock

 

 

Capital

 

 

Stock

 

 

Deficit

 

 

Loss

 

 

Equity

 

 

Interests

 

 

Equity

 

Balance at December 31, 2018

$

0.9

 

 

$

3,404.0

 

 

$

(1,285.5

)

 

$

(2,225.7

)

 

$

(153.8

)

 

$

(260.1

)

 

$

14.7

 

 

$

(245.4

)

Net (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

(8.8

)

 

 

 

 

 

 

(8.8

)

 

 

0.3

 

 

 

(8.5

)

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.4

 

 

 

1.4

 

 

 

0.2

 

 

 

1.6

 

Share-based compensation

 

 

 

 

 

3.4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.4

 

 

 

 

 

 

 

3.4

 

Issuance of share-based awards, net of withholdings and other

 

 

 

 

 

(54.7

)

 

 

53.8

 

 

 

 

 

 

 

 

 

 

 

(0.9

)

 

 

 

 

 

 

(0.9

)

Cash dividends paid

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.1

)

 

 

 

 

 

 

(2.1

)

 

 

 

 

 

 

(2.1

)

Cumulative impact of adopting ASU 2016-02, net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

2.6

 

 

 

 

 

 

 

2.6

 

 

 

 

 

 

 

2.6

 

Distributions to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.7

)

 

 

(0.7

)

Balance at March 31, 2019

$

0.9

 

 

$

3,352.7

 

 

$

(1,231.7

)

 

$

(2,234.0

)

 

$

(152.4

)

 

$

(264.5

)

 

$

14.5

 

 

$

(250.0

)

Net loss

 

 

 

 

 

 

 

 

 

 

 

 

 

(7.0

)

 

 

 

 

 

 

(7.0

)

 

 

(0.4

)

 

 

(7.4

)

Other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.4

)

 

 

(2.4

)

 

 

(0.1

)

 

 

(2.5

)

Share-based compensation

 

 

 

 

 

3.3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.3

 

 

 

 

 

 

 

3.3

 

Issuance of share-based awards, net of withholdings and other

 

 

 

 

 

(0.5

)

 

 

0.5

 

 

 

 

 

 

 

 

 

 

 

—

 

 

 

 

 

 

 

—

 

Cash dividends paid

 

 

 

 

 

 

 

 

 

 

 

 

 

(2.2

)

 

 

 

 

 

 

(2.2

)

 

 

 

 

 

 

(2.2

)

Spinoff adjustments

 

 

 

 

 

 

 

 

 

 

 

 

 

(12.0

)

 

 

 

 

 

 

(12.0

)

 

 

 

 

 

 

(12.0

)

Balance at June 30, 2019

$

0.9

 

 

$

3,355.5

 

 

$

(1,231.2

)

 

$

(2,255.2

)

 

$

(154.8

)

 

$

(284.8

)

 

$

14.0

 

 

$

(270.8

)

 

On October 1, 2016, we completed the separation of LSC Communications, Inc. and Donnelley Financial Solutions, Inc. (“Spin Companies”) into two separate publicly-traded companies. The distribution of the Spin Companies was recorded as a reduction in Stockholder's Equity during the fourth quarter of 2016. During the second quarter of 2019, we identified an error in the accounting for the distribution of the Spin Companies. As a result, the error, which was determined by management to be immaterial to the previously issued Consolidated Financial Statements and to the three and six months ended June 30, 2019, has been corrected herein by increasing Accumulated Deficit by $12.0 million.

Our equity as of December 31, 2017 and June 30, 2018, and changes during three and six months ended June 30, 2018, were as follows:

 

 

Common

 

 

Additional

Paid-in-

 

 

Treasury

 

 

Accumulated

 

 

Accumulated

Other

Comprehensive

 

 

Total RRD's

Stockholders'

 

 

Noncontrolling

 

 

Total

 

 

Stock

 

 

Capital

 

 

Stock

 

 

Deficit

 

 

Loss

 

 

Equity

 

 

Interests

 

 

Equity

 

Balance at December 31, 2017

$

0.9

 

 

$

3,444.0

 

 

$

(1,333.1

)

 

$

(2,225.7

)

 

$

(103.7

)

 

$

(217.6

)

 

$

14.7

 

 

$

(202.9

)

Net (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

(9.6

)

 

 

 

 

 

 

(9.6

)

 

 

0.3

 

 

 

(9.3

)

Other comprehensive income

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

21.0

 

 

 

21.0

 

 

 

0.5

 

 

 

21.5

 

Share-based compensation

 

 

 

 

 

1.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.2

 

 

 

 

 

 

 

1.2

 

Issuance of share-based awards, net of withholdings and other

 

 

 

 

 

(32.7

)

 

 

31.9

 

 

 

(0.1

)

 

 

 

 

 

 

(0.9

)

 

 

 

 

 

 

(0.9

)

Cash dividends paid

 

 

 

 

 

 

 

 

 

 

 

 

 

(9.8

)

 

 

 

 

 

 

(9.8

)

 

 

 

 

 

 

(9.8

)

Cumulative impact of adopting ASU 2014-09, net of tax

 

 

 

 

 

 

 

 

 

 

 

 

 

12.9

 

 

 

 

 

 

 

12.9

 

 

 

 

 

 

 

12.9

 

Distributions to noncontrolling interests

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1.0

)

 

 

(1.0

)

Balance at March 31, 2018

$

0.9

 

 

$

3,412.5

 

 

$

(1,301.2

)

 

$

(2,232.3

)

 

$

(82.7

)

 

$

(202.8

)

 

$

14.5

 

 

$

(188.3

)

Net (loss) income

 

 

 

 

 

 

 

 

 

 

 

 

 

(13.0

)

 

 

 

 

 

 

(13.0

)

 

 

0.4

 

 

 

(12.6

)

Other comprehensive loss

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(39.3

)

 

 

(39.3

)

 

 

(0.6

)

 

 

(39.9

)

Share-based compensation

 

 

 

 

 

3.0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3.0

 

 

 

 

 

 

 

3.0

 

Issuance of share-based awards, net of withholdings and other

 

 

 

 

 

(4.5

)

 

 

4.5

 

 

 

0.1

 

 

 

 

 

 

 

0.1

 

 

 

 

 

 

 

0.1

 

Cash dividends paid

 

 

 

 

 

 

 

 

 

 

 

 

 

(9.8

)

 

 

 

 

 

 

(9.8

)

 

 

 

 

 

 

(9.8

)

Balance at June 30, 2018

$

0.9

 

 

$

3,411.0

 

 

$

(1,296.7

)

 

$

(2,255.0

)

 

$

(122.0

)

 

$

(261.8

)

 

$

14.3

 

 

$

(247.5

)