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STOCKHOLDERS' DEFICIENCY
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
STOCKHOLDERS' DEFICIENCY
STOCKHOLDERS' DEFICIENCY
Information about the Company's common and treasury stock issued and/or outstanding is presented in the following table:
 
Class A Common Stock
 
Treasury Stock
Balance, January 1, 2015
53,925,029

 
777,181

    Restricted stock grants
220,635

 

    Restricted stock forfeitures
(57,490
)
 

 Withholding of restricted stock to satisfy taxes

 
82,740

Balance, December 31, 2015
54,088,174

 
859,921

    Restricted stock grants
125,540

 

    Restricted stock forfeitures
(257,641
)
 

 Withholding of restricted stock to satisfy taxes

 
92,092

    Treasury stock repurchased

 
72,895

Balance, December 31, 2016
53,956,073

 
1,024,908

    Restricted stock grants
853,111

 

    Restricted stock forfeitures
(253,084
)
 

    Withholding of restricted stock to satisfy taxes

 
89,620

Balance, December 31, 2017
54,556,100

 
1,114,528



Common Stock
As of December 31, 2017, Revlon's authorized common stock consisted of 900 million shares of Class A Common Stock, with a par value of $0.01 per share (the "Class A Common Stock"), and 200 million shares of Class B common stock, par value $0.01 per share ("Class B Common Stock" and together with the Class A Common Stock, the "Common Stock").
As of December 31, 2017, MacAndrews & Forbes beneficially owned approximately 85% of Revlon's Class A Common Stock, which at such date was Revlon's only class of capital stock outstanding.
Treasury Stock
Pursuant to the share withholding provisions of the Stock Plan, during 2017 the Company withheld a total of 89,620 shares of Revlon Class A Common Stock to satisfy its minimum statutory tax withholding requirements related to the vesting of shares of restricted stock. These shares were recorded as treasury stock using the cost method, at a weighted average of $27.67 per share, based on the NYSE closing price per share on each applicable vesting date, for a total of $2.5 million. During 2016 the Company withheld a total of 92,092 shares of Revlon Class A Common Stock to satisfy its minimum statutory tax withholding requirements related to the vesting of shares of restricted stock. These shares were recorded as treasury stock using the cost method, at a weighted average of $34.83 per share, based on the NYSE closing price per share on each applicable vesting date, for a total of $3.2 million.
In April 2016, in connection with his separation from the Company, Revlon repurchased 72,895 shares of Revlon Class A Common Stock (representing vested shares of restricted stock, which were included within treasury stock upon repurchase) from Lorenzo Delpani, the Company's former President and Chief Executive Officer, at a price of $36.83 per share based upon the NYSE closing price of Revlon Class A Common Stock on April 20, 2016, for a total purchase price of $2.7 million.