Stockholders' Deficit

6 Months Ended

Jun. 30, 2012

Stockholders' Deficit [Abstract]

Stockholders' Deficit

Note 10 — Stockholders’ Deficit

Reverse Stock Split — On November 14, 2011, the Company filed a certificate of amendment to its Amended and Restated Certificate of Incorporation to effect a reverse stock split of the Company’s common stock at a reverse stock split ratio of 1-for-8. All share and per share amounts have been retroactively adjusted to reflect the stock split with the exception of the Company’s treasury stock, which was not a part of the reverse stock split.

Following is a summary of the activity of the Company’s stock authorized, issued and outstanding:

	D Stock						Common Stock						Treasury Stock
(Amounts in thousands)	Authorized		Issued		Outstanding		Authorized		Issued		Outstanding
December 31, 2011		200		109		109		162,500		62,264		57,835		(4,429	)
Stock option exercise and release of restricted stock units		—		—		—		—		—		22		22
June 30, 2012		200		109		109		162,500		62,264		57,857		(4,407	)

Common Stock — The holders of MoneyGram common stock are entitled to one vote per share on all matters to be voted upon by its stockholders. The holders of common stock have no preemptive, conversion or other subscription rights. There are no redemption or sinking fund provisions applicable to the common stock. The determination to pay dividends on common stock will be at the discretion of the Board of Directors and will depend on applicable laws and the Company’s financial condition, results of operations, cash requirements, prospects and such other factors as the Board of Directors may deem relevant. No dividends were paid during the three and six months ended June 30, 2012. The Company’s ability to declare or pay dividends or distributions to the holders of the Company’s common stock is restricted under the Company’s 2011 Credit Agreement and the indenture governing the Company’s second lien notes.

Accumulated Other Comprehensive Loss — The components of “Accumulated other comprehensive loss” at June 30, 2012 and December 31, 2011 include:

(Amounts in thousands)	June 30, 2012			December 31, 2011
Net unrealized gains on securities classified as available-for-sale, net of tax	$	22,887		$	21,479
Cumulative foreign currency translation adjustments, net of tax		1,225			1,021
Prior service credit for pension and postretirement benefits, net of tax		1,849			2,034
Unrealized losses on pension and postretirement benefits, net of tax		(60,618	)		(62,562	)
Accumulated other comprehensive loss	$	(34,657	)	$	(38,028	)