XML 67 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Equity and redeemable securities
9 Months Ended
Sep. 30, 2013
Equity and Temporary Equity Disclsoure [Abstract]  
Equity and redeemable securities
Equity and redeemable securities
Upon the consummation of the IPO and the filing of its Amended and Restated Certificate of Incorporation on August 14, 2013, and as of September 30, 2013, the Company’s classes of stockholders’ equity consisted of (i) preferred stock, $0.01 par value, 50,000,000 shares authorized and no shares issued or outstanding and (ii) common stock, $0.01 par value, 300,000,000 shares authorized and 26,107,231 shares issued and outstanding, inclusive of 42,858 shares of nonvested stock issued upon consummation of the IPO (Note 14).

The following table shows the changes in equity:
 
 
Class A common stock
 
Class B common stock
 
Common stock
 
Additional paid-in capital
 
Retained earnings (deficit)
 
Total
 
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
 
 
 
Stockholders' equity as of December 31, 2012 (as restated, Note 3)
 
11,590,005

 
$
116

 
2,870,712

 
$
29

 

 
$

 
$
46,534

 
$
(12,515
)
 
$
34,164

Dividends accrued on Class B Preferred stock
 

 

 

 

 

 

 
(1,836
)
 

 
(1,836
)
Issuance of common stock, net of offering costs
 

 

 

 

 
4,411,765

 
44

 
55,181

 

 
55,225

Conversion of Class A common stock to common stock
 
(11,590,005
)
 
(116
)
 

 

 
11,590,005

 
116

 

 

 

Conversion of Class B common stock to common stock
 

 

 
(2,870,712
)
 
(29
)
 
2,870,712

 
29

 

 

 

Reclassification and conversion of preferred stock to common stock in connection with the IPO (Note 2)
 

 

 

 

 
7,191,891

 
72

 
43,241

 

 
43,313

Issuance of nonvested stock awards, net of forfeitures
 

 

 

 

 
42,858

 

 

 

 

Repayment of stockholder loans
 

 

 

 

 

 

 
401

 

 
401

Stock compensation expense
 

 

 

 

 

 

 
573

 

 
573

Net loss
 

 

 

 

 

 

 

 
(7,592
)
 
(7,592
)
Stockholders' equity as of September 30, 2013
 

 
$

 

 
$

 
26,107,231

 
$
261

 
$
144,094

 
$
(20,107
)
 
$
124,248

The following table shows the changes in preferred stock:
 
 
Class A
 
Class B
 
Class C
 
 
Shares
 
Amount
 
Shares
 
Amount
 
Shares
 
Amount
December 31, 2012
 
5,100

 

 
36,388

 
36,477

 
5,000

 
5,000

Conversion of Saturn Acquisition Holdings, LLC preferred stock to Stock Building Supply Holdings, Inc. preferred stock (Note 1)
 

 

 
1,079

 

 

 

Dividends accrued on Class B preferred stock
 

 

 

 
1,836

 

 

Reclassification and conversion of preferred stock to common stock in connection with the IPO (Note 2)
 
(5,100
)
 

 
(37,467
)
 
(38,313
)
 
(5,000
)
 
(5,000
)
September 30, 2013
 

 
$

 

 
$

 

 
$