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EQUITY ACTIVITY
 12 Months Ended
Dec. 31, 2014
Equity [Abstract]  
EQUITY ACTIVITY
EQUITY ACTIVITY

The authorized capital stock of Nortek consists of 10,000,000 shares of preferred stock with a $0.01 per share par value, none of which were issued or outstanding at December 31, 2014 and 2013, and 90,000,000 shares of common stock with a $0.01 per share par value, of which 16,254,153 shares and 15,887,649 shares were outstanding at December 31, 2014 and 2013, respectively.

Other Stock Transactions

In connection with the emergence from bankruptcy in 2009, Nortek issued warrants that were exercisable for a period of five years to purchase 789,474 shares of common stock at an exercise price of $52.80 per share. During 2014, 2013 and 2012, approximately 629,301, 46,837 and 96,444 warrants, respectively, were exercised for shares of Nortek's common stock primarily through net share settlements as permitted under the warrant agreement. The remaining 16,892 of unexercised warrants expired in 2014 and there are no warrants outstanding as of December 31, 2014.

Comprehensive Income (Loss)
  
Comprehensive income (loss) includes net earnings (loss), unrealized gains and losses from foreign currency translation, and pension liability adjustments, net of tax attributes, which substantially relate to the pension liability adjustment. The components of the Company’s comprehensive income (loss) and the effect on earnings for the periods presented are detailed in the accompanying consolidated statements of comprehensive income (loss).
 
The balances of each component, net of tax attributes, within accumulated other comprehensive loss for the three years ended 2014 are as follows:
 
 
 
Foreign
Currency
Translation
 
Pension
Liability Adjustment
 
Total
Accumulated
Other
Comprehensive
Loss
 
 
(Dollar amounts in millions)
 
 
 
 
 
 
 
Balance, December 31, 2011
 
$
0.7

 
$
(21.5
)
 
$
(20.8
)
 
 
 
 
 
 
 
Other comprehensive income (loss) before reclassifications
 
1.4

 
(3.3
)
 
(1.9
)
Amounts reclassified from AOCI to SG&A (1)
 
—

 
0.4

 
0.4

Net other comprehensive income (loss), December 31, 2012
 
1.4

 
(2.9
)
 
(1.5
)
 
 
 
 
 
 
 
Balance, December 31, 2012
 
$
2.1

 
$
(24.4
)
 
$
(22.3
)
 
 
 
 
 
 
 
Other comprehensive (loss) income before reclassifications
 
(3.0
)
 
8.3

 
5.3

Amounts reclassified from AOCI to SG&A (1)
 
—

 
0.7

 
0.7

Net other comprehensive (loss) income, December 31, 2013
 
(3.0
)
 
9.0

 
6.0

 
 
 
 
 
 
 
Balance, December 31, 2013
 
$
(0.9
)
 
$
(15.4
)
 
$
(16.3
)
 
 
 
 
 
 
 
Other comprehensive (loss) income before reclassifications
 
(7.9
)
 
(11.7
)
 
(19.6
)
Amounts reclassified from AOCI to SG&A (1)
 
—

 
0.2

 
0.2

Net other comprehensive (loss) income, December 31, 2014
 
(7.9
)
 
(11.5
)
 
(19.4
)
 
 
 
 
 
 
 
Balance, December 31, 2014
 
$
(8.8
)
 
$
(26.9
)
 
$
(35.7
)
 

(1)
For additional information, see Note 13, "Pension, Profit Sharing and & Other Post-Retirement Benefits".