Equity Activity

Restricted Stock

During the nine months of 2015, 67,937 shares of restricted stock were granted and 64,042 shares of restricted stock were forfeited. Additionally, during the nine months of 2015, 61,829 shares of restricted stock vested, of which 17,437 shares of common stock were delivered to the Company as payment in lieu of cash to satisfy minimum tax withholding obligations in connection with the vesting of restricted stock.

Stock Options

During the nine months of 2015, 49,204 stock options were exercised for common stock, of which 26,056 shares of common stock were delivered to the Company as payment in lieu of cash for stock options exercised and related minimum tax withholding obligations.

Share-based Compensation

During the third quarter of 2015, the Company concluded that certain of its performance-based restricted stock awards were no longer probable of vesting due to a review of financial performance through the third quarter of 2015 and an updated financial outlook. As a result of these awards no longer being probable of vesting, the Company reversed in the third quarter of 2015 approximately $1.7 million of share-based compensation expense recognized in prior periods. At September 26, 2015, the Company had 183,570 shares of non-vested restricted stock subject to performance-based vesting conditions outstanding, all of which were not probable of vesting, and had approximately $12.6 million of unrecognized stock-based compensation expense. If and when any additional portion of these awards are deemed probable to vest, the Company will reflect the effect of the change in estimate in the period of change by recording a cumulative catch-up adjustment to retroactively apply the new estimate.

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. The components of the Company’s comprehensive income (loss) and the effect on earnings for the periods presented are detailed in the accompanying unaudited condensed consolidated statements of comprehensive income (loss).

The balances of each component, net of tax attributes, within accumulated other comprehensive loss for the third quarter and nine months of 2015 are as follows:



	Third quarter of 2015									Nine months of 2015
	Foreign Currency Translation			Pension Liability Adjustment			Total Accumulated Other Comprehensive (Loss) Income			Foreign Currency Translation			Pension Liability Adjustment			Total Accumulated Other Comprehensive Loss
	(Dollar amounts in millions)

Balance, beginning of period	$	(12.6	)	$	(26.5	)	$	(39.1	)	$	(8.8	)	$	(26.9	)	$	(35.7	)
Other comprehensive (loss) income before reclassifications	(4.0		)	(0.1		)	(4.1		)	(7.8		)	(0.4		)	(8.2		)
Amounts reclassified from AOCI to SG&A (1)	—			0.4			0.4			—			1.1			1.1
Net current-period other comprehensive (loss) income	(4.0		)	0.3			(3.7		)	(7.8		)	0.7			(7.1		)

Balance, end of period	$	(16.6	)	$	(26.2	)	$	(42.8	)	$	(16.6	)	$	(26.2	)	$	(42.8	)


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