Stockholders Equity and Noncontrolling Interest

3 Months Ended

Mar. 31, 2017

Stockholders Equity Note [Abstract]

Stockholders Equity and Noncontrolling Interest

NOTE 6—STOCKHOLDERS’ EQUITY AND NONCONTROLLING INTEREST

The following table summarizes activity within stockholders’ equity attributable to Real Industry and noncontrolling interest during the year ended December 31, 2016 and the three months ended March 31, 2017:

(In millions)	Equity Attributable to Real Industry, Inc.			Noncontrolling Interest			Total Equity
Balance, December 31, 2015	$	141.6		$	0.8		$	142.4
Net earnings (loss)		(102.9	)		0.3			(102.6	)
Dividends on Redeemable Preferred Stock, in-kind		(2.0	)		—			(2.0	)
Accretion of fair value adjustment to Redeemable Preferred Stock		(1.0	)		—			(1.0	)
Share-based compensation expense		3.6			—			3.6
Common stock options exercised		0.1			—			0.1
Warrants exercised		0.1			—			0.1
Change in accumulated other comprehensive loss		(6.1	)		—			(6.1	)
Balance, December 31, 2016		33.4			1.1			34.5
Net earnings (loss)		(11.4	)		0.1			(11.3	)
Distribution to noncontrolling interest		—			(0.9	)		(0.9	)
Consolidation of noncontrolling interest		(0.5	)		0.5			—
Share-based compensation expense		0.7			—			0.7
Dividends on Redeemable Preferred Stock, accrued		(0.6	)		—			(0.6	)
Accretion of fair value adjustment to Redeemable Preferred Stock		(0.2	)		—			(0.2	)
Change in accumulated other comprehensive loss		0.7			—			0.7
Balance, March 31, 2017	$	22.1		$	0.8		$	22.9

Accrued dividends on Redeemable Preferred Stock are payable on the first day of each quarter.

The following table reflects changes in the shares of common stock outstanding during the year ended December 31, 2016 and the three months ended March 31, 2017:

	Shares of Common Stock Outstanding
Balance, December 31, 2015		28,891,766
Restricted common stock awards granted, net of forfeitures		460,064
Common stock options exercised		27,500
Warrants exercised, net of repurchases		7,552
Balance, December 31, 2016		29,386,882
Restricted common stock awards granted, net of forfeitures		391,003
Restricted stock units converted to common stock		6,840
Common stock options exercised		750
Balance, March 31, 2017		29,785,475