Stockholders' Equity

12 Months Ended

Dec. 31, 2014

Equity [Abstract]

STOCKHOLDERS’ EQUITY

STOCKHOLDERS’ EQUITY

Common stock. Holders of Gartner’s Common Stock, par value $.0005 per share (“Common Stock”) are entitled to one vote per share on all matters to be voted by stockholders. The Company does not currently pay cash dividends on its Common Stock. Also, our credit arrangement contains a negative covenant which may limit our ability to pay dividends. The following table summarizes transactions relating to Common Stock for the three years’ ending December 31, 2014:  

	Issued Shares	Treasury Stock Shares
Balance at December 31, 2011	156,234,415	62,891,251
Issuances under stock plans	—	(2,756,389	)
Purchases for treasury (1)	—	2,738,238
Balance at December 31, 2012	156,234,415	62,873,100
Issuances under stock plans	—	(2,037,091	)
Purchases for treasury (1)	—	3,432,854
Balance at December 31, 2013	156,234,415	64,268,863
Issuances under stock plans	—	(1,452,419	)
Purchases for treasury (1)	—	5,897,446
Balance at December 31, 2014	156,234,415	68,713,890

(1) The Company used a total of $432.0 million, $181.7 million, and $111.3 million in cash for share repurchases in 2014, 2013, and 2012, respectively.

Share repurchase authorization. On February 4, 2014, the Company’s Board of Directors authorized $800.0 million to repurchase the Company's common stock. This authorization succeeded the Company’s prior $500.0 million share repurchase authorization, which was substantially utilized. The Company may repurchase its common stock from time to time in amounts and at prices the Company deems appropriate, subject to the availability of stock, prevailing market conditions, the trading price of the stock, the Company’s financial performance and other conditions. Repurchases may be made through open market purchases, private transactions or other transactions and will be funded from cash on hand and borrowings under the Company’s credit agreement. As of December 31, 2014, approximately $413.3 million of this authorization remained available for repurchases.

Accumulated other comprehensive income, net. The following tables disclose information about changes in accumulated other comprehensive income ("AOCI"), a component of equity, by component and the related amounts reclassified out of AOCI to income during the years indicated (net of tax, in thousands) (1):

2014

	Interest Rate Swap			Defined Benefit Pension Plans			Foreign Currency Translation Adjustments			Total
Balance - December 31, 2013	$	(3,903	)	$	(1,811	)	$	14,059		$	8,345
Changes during the period:
Change in AOCI before reclassifications to income	(292		)	(4,275		)	(27,461		)	(32,028		)
Reclassifications from AOCI to income during the period (2), (3)	2,455			58			—			2,513
Other comprehensive income (loss) for the period	2,163			(4,217		)	(27,461		)	(29,515		)
Balance - December 31, 2014	$	(1,740	)	$	(6,028	)	$	(13,402	)	$	(21,170	)

2013

	Interest Rate Swap			Defined Benefit Pension Plans			Foreign Currency Translation Adjustments		Total
Balance - December 31, 2012	$	(6,010	)	$	(1,578	)	$	13,556	$	5,968
Changes during the period:
Change in AOCI before reclassifications to income	(297		)	(257		)	503		(51		)
Reclassifications from AOCI to income during the period (2), (3)	2,404			24			—		2,428
Other comprehensive income (loss) for the period	2,107			(233		)	503		2,377
Balance - December 31, 2013	$	(3,903	)	$	(1,811	)	$	14,059	$	8,345

(1) Amounts in parentheses represent debits (deferred losses).

(2) The reclassifications related to the interest rate swap (cash flow hedge) were recorded in Interest expense, net of tax effect. See Note 11 – Derivatives and Hedging for information regarding the hedge.

(3) The reclassifications related to defined benefit pension plans were recorded in Selling, general and administrative expense, net of tax effect. See Note 13 – Employee Benefits for information regarding the Company’s defined benefit pension plans.