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6. Equity
9 Months Ended
Sep. 30, 2013
Equity [Abstract]  
EQUITY

 

Changes in equity for the nine months ended September 30, 2013 consisted of the following:

 

Balance at December 31, 2012   $ 277,143  
Stock based compensation     2,956  
Net effect of shares issued upon exercise of stock options and withheld related to net share settlement of RSUs     (205 )
Foreign currency translation adjustment     (20 )
Employee benefit plan adjustment     3  
Liquidation of minority interest     (22 )
Net loss     (46,023 )
Balance at September 30, 2013   $ 233,832  

 

Subsequent to the Company’s notification from NASDAQ in June of 2013, that indicated the Company had completed all outstanding filing requirements and had regained compliance with NASDAQ listing rules, the Company was in a position to settle previously vested RSUs. During the nine months ended September 30, 2013, the Company issued a total of 695,422 shares related to previously vested RSUs and in accordance with certain employees’ instructions, the Company withheld 216,924 shares to cover the required statutory withholding tax totaling $0.2 million, which was determined based on the closing price of our common stock on June 5, 2013. These shares are considered retired under the provisions of the Swisher Hygiene Inc. 2010 Stock Incentive Plan. See Note 14, "Commitments and Contingencies" - in the Other Related Matters section.

  

Comprehensive Loss

 

A summary of the changes in the components of accumulated other comprehensive loss for the nine months ended September 30, 2013 is provided below:

 

   

Foreign

Currency Translation Adjustment

   

Employee

Benefit Plan

   

Accumulated

Other Comprehensive Loss

 
Balance at December 31, 2012   $ (61 )   $ (938 )   $ (999 )
Current period other comprehensive income (loss)     (20 )     3       (17 )
Balance at September 30, 2013   $ (81 )   $ (935 )   $ (1,016 )