Quarterly report pursuant to Section 13 or 15(d)

Equity

v3.3.0.814
Equity
 9 Months Ended
Sep. 30, 2015
Equity

6. Equity

During the first nine months of 2015, we issued 12,000 shares of our Class A common stock under our 2009 Long-Term Incentive Plan to our independent directors, in lieu of cash compensation, for services rendered in 2015. We valued the shares issued to our independent directors at estimated fair value based on the closing price of our shares on the date the shares were issued, which by policy is the last trading day of each quarter in which the services were rendered.

During the first nine months of 2015, we issued 29,000 shares of our Class A common stock with net proceeds of $0.2 million in connection with option exercises. The following is a reconciliation from December 31, 2014 to September 30, 2015 of the carrying amount of total equity, equity attributable to Gaiam, Inc., and equity attributable to the noncontrolling interest.

 

                Gaiam, Inc. Shareholders  

(in thousands)

   Total     Comprehensive
Loss 		    Accumulated
Deficit 		    Accumulated
Other
Comprehensive
Loss 		    Class A
and Class B
Common
Stock 		    Paid-in
Capital 		    Noncontrolling
Interest 		 

Balance at December 31, 2014

   $ 99,559        $ (76,329 )    $ (200 )    $ 3      $ 171,315      $ 4,770   

Issuance of Gaiam, Inc. common stock for stock option exercises and share-based compensation

     816          —          —          —          816        —     

Dividends paid to noncontrolling interest

     (486 )        —          —          —          —          (486 ) 

Comprehensive loss:

              

Net (loss) income

     (13,257 )      (13,257 )      (13,823 )      —          —          —          566   

Foreign currency translation adjustment, net of taxes of $107

     (246 )      (246 )      —          (102 )      —          —          (144 ) 
 

 

 

    

 

 

            

Comprehensive loss

     $ (13,503 )           
 

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Balance at September 30, 2015

   $ 86,386        $ (90,152 )    $ (302 )    $ 3      $ 172,131      $ 4,706