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Consolidated Statements of Stockholders' Deficit - USD ($)
$ in Thousands
Common Stock
Preferred Stock
Series A Preferred Stock
Preferred Stock
Series B Preferred Stock
Treasury Stock
Additional Paid in Capital
Equity-based compensation
Foreign currency translation adjustment
Unrealized Pension Actuarial Losses, net of tax
Accumulated Deficit
Non-Controlling Interest in XBP Europe
Total
Beginning balance at Dec. 31, 2021 $ 37 $ 1   $ (10,949) $ 838,853 $ 56,123 $ (7,463) $ (10,946) $ (1,532,428)   $ (666,772)
Beginning balance (in shares) at Dec. 31, 2021 66,300 2,778,111   612              
Increase (Decrease) in Stockholders' Equity (Deficit)                      
Net loss                 (415,581)   (415,581)
Net loss                     (415,581)
Equity-based compensation           970         970
Foreign currency translation adjustment             2,675       2,675
Net realized pension actuarial gains, net of tax               7,363     $ 7,363
Shares returned in connection with the Appraisal Action following repayment of Margin Loan (in shares)                     380
Common Stock exchanged for Series B Preferred Stock $ (6)       6            
Common Stock exchanged for Series B Preferred Stock (in shares) (15,150)   3,029,900                
Issuance of Common Stock $ 131       266,724           $ 266,855
Issuance of Common Stock (in shares) 1,343,507                    
Withholding of employee taxes on vested RSUs           (192)         (192)
Common Stock issued for vested RSUs (in shares) 284                    
Agreed cancellation of Common Stock issued for Director's vested RSUs (in shares) (155)                    
Dividend declared and paid on Preferred Stock (($0.835 per share)         (2,532)           (2,532)
Common Stock repurchased and retired         (487)           (487)
Common Stock repurchased and retired (in shares) (1,787)                    
Reversal of excess withholding of employee taxes on vested RSUs           57         57
Issuance of Common Stock to Executive Chairman under certain subscription agreement         100           100
Issuance of Common Stock to Executive Chairman under certain subscription agreement, shares 355,000                    
Payment for fractional shares on reverse stock split         (45)           (45)
Payment for fractional shares on reverse stock split (in shares) (78)                    
Ending balance at Dec. 31, 2022 $ 162 $ 1   $ (10,949) 1,102,619 56,958 (4,788) (3,583) (1,948,009)   (807,589)
Ending balance (in shares) at Dec. 31, 2022 1,393,276 2,778,111 3,029,900 612              
Increase (Decrease) in Stockholders' Equity (Deficit)                      
Net loss                 (125,156) $ 723 (125,156)
Net loss                     (124,433)
Equity-based compensation           115         115
Foreign currency translation adjustment             (2,895)     (358) (3,253)
Net realized pension actuarial gains, net of tax               2,442   1,013 3,455
Issuance of Common Stock $ 99       66,929           67,028
Issuance of Common Stock (in shares) 4,977,744                    
Payment for fractional shares on reverse stock split         (31)           (31)
Payment for fractional shares on reverse stock split (in shares) (5,667)                    
Treasury stock retired       $ 10,949         (10,949)    
Treasury stock retired (in shares)       (612)              
Contributions in exchange for the issuance of noncontrolling interest shares in XBP Europe         9,581   35 967   (4,710) 5,873
Ending balance at Dec. 31, 2023 $ 261 $ 1     $ 1,179,098 $ 57,073 $ (7,648) $ (174) $ (2,084,114) $ (3,332) $ (858,835)
Ending balance (in shares) at Dec. 31, 2023 6,365,353 2,778,111 3,029,900