STOCKHOLDERS' DEFICIENCY

12 Months Ended

Dec. 31, 2016

Equity [Abstract]

STOCKHOLDERS' DEFICIENCY

STOCKHOLDERS' DEFICIENCY

Information about the Company's common and treasury stock issued and/or outstanding is presented in the following table:

	Class A Common Stock		Treasury Stock
Balance, January 1, 2014	53,231,651		754,853
Restricted stock grants	693,378		—
Withholding of restricted stock to satisfy taxes	—		22,328
Balance, December 31, 2014	53,925,029		777,181
Restricted stock grants	220,635		—
Restricted stock forfeitures	(57,490	)	—
Withholding of restricted stock to satisfy taxes	—		82,740
Balance, December 31, 2015	54,088,174		859,921
Restricted stock grants	125,540		—
Restricted stock forfeitures	(257,641	)	—
Withholding of restricted stock to satisfy taxes	—		92,092
Treasury stock repurchased	—		72,895
Balance, December 31, 2016	53,956,073		1,024,908

Common Stock

As of December 31, 2016, Revlon's authorized common stock consisted of 900 million shares of Class A Common Stock, with a par value of $0.01 per share (the "Class A Common Stock"), and 200 million shares of Class B common stock, par value $0.01 per share ("Class B Common Stock" and together with the Class A Common Stock, the "Common Stock").

As of December 31, 2016, MacAndrews & Forbes beneficially owned approximately 77% of Revlon's Class A Common Stock, which at such date was Revlon's only class of capital stock outstanding.

Treasury Stock

Pursuant to the share withholding provisions of the Stock Plan, during 2016 the Company withheld a total of 92,092 shares of Revlon Class A Common Stock to satisfy its minimum statutory tax withholding requirements related to the vesting of shares of restricted stock. These shares were recorded as treasury stock using the cost method, at a weighted average of $34.83 per share, based on the NYSE closing price per share on each applicable vesting date, for a total of $3.2 million. During 2015, the Company withheld a total of 82,740 shares of Revlon Class A Common Stock to satisfy its minimum statutory tax withholding requirements related to the vesting of shares of restricted stock, in the aggregate amount of $2.8 million.

In April 2016, in connection with his separation from the Company, Revlon repurchased 72,895 shares of Revlon Class A Common Stock (representing vested shares of restricted stock, which were included within treasury stock upon repurchase) from Lorenzo Delpani, the Company's former President and Chief Executive Officer, at a price of $36.83 per share based upon the NYSE closing price of Revlon Class A Common Stock on April 20, 2016, for a total purchase price of $2.7 million.