Stockholders' equity

9 Months Ended

Sep. 30, 2022

Stockholders' equity

Stockholders' equity

Note 13 – Stockholders’ equity:

Accumulated other comprehensive loss - Changes in accumulated other comprehensive loss attributable to NL stockholders, including amounts resulting from our investment in Kronos Worldwide (see Note 5), are presented in the table below.

	Three months ended				Nine months ended
	September 30,				September 30,
	2021		2022		2021		2022
	(In thousands)
Accumulated other comprehensive loss, net of tax:
Currency translation:
Balance at beginning of period	$	(168,628)	$	(178,396)	$	(169,575)	$	(171,235)
Other comprehensive loss		(1,859)		(6,233)		(912)		(13,394)
Balance at end of period	$	(170,487)	$	(184,629)	$	(170,487)	$	(184,629)
Defined benefit pension plans:
Balance at beginning of period	$	(78,409)	$	(66,739)	$	(80,704)	$	(68,468)
Other comprehensive income - amortization of net   losses included in net periodic pension cost		1,133		828		3,428		2,557
Balance at end of period	$	(77,276)	$	(65,911)	$	(77,276)	$	(65,911)
OPEB plans:
Balance at beginning of period	$	(1,045)	$	(1,184)	$	(910)	$	(1,053)
Other comprehensive loss - amortization of net   gains included in net periodic OPEB cost		(65)		(62)		(200)		(193)
Balance at end of period	$	(1,110)	$	(1,246)	$	(1,110)	$	(1,246)
Total accumulated other comprehensive loss:
Balance at beginning of period	$	(248,082)	$	(246,319)	$	(251,189)	$	(240,756)
Other comprehensive income (loss)		(791)		(5,467)		2,316		(11,030)
Balance at end of period	$	(248,873)	$	(251,786)	$	(248,873)	$	(251,786)

See Note 11 for amounts related to our defined benefit pension plans.

Other – During the second quarter of 2022, we purchased 2,000 shares of our common stock from Kronos for a nominal amount in a private transaction that was approved in advance by our independent directors. We cancelled these treasury shares and allocated their cost to common stock at par value and additional paid-in capital.

During the second quarter of 2022, CompX acquired 78,900 shares of its Class A common stock for an aggregate amount of approximately $1.7 million under prior repurchase authorizations. Of these shares, 70,000 shares were purchased in a market transaction, and 8,900 shares were purchased from two of its affiliates in two separate private transactions that were also approved in advance by CompX’s independent directors. During the first quarter of 2021, CompX purchased 50,000 shares of its Class A common stock in a market transaction for approximately $.8 million. At September 30, 2022, 523,647 shares were available for purchase under CompX’s prior repurchase authorizations.