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SEC Filings

10-Q
NN INC filed this Form 10-Q on 11/09/2017
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Table of Contents

NN, Inc.

Condensed Consolidated Statement of Changes in Stockholders’ Equity

(Unaudited)

Amounts in thousands of dollars and shares

 

     Common Stock                  Accumulated              
     Number            Additional           other     Non-        
     of     Par      paid in     Retained     comprehensive     controlling        
     shares     value      capital     earnings     income (loss)     interest     Total  

Balance, December 31, 2016(1)

     27,249     $ 272      $ 284,508     $ 55,509     $ (29,808   $ 32     $ 310,513  

Net income

     —         —          —         118,561       —         —         118,561  

Dividends paid

     —         —          —         (5,913     —         —         (5,913

Share-based compensation expense

     86       1        3,985       —         —         —         3,986  

Shares issued for option exercises

     250       2        2,943       —         —         —         2,945  

Sale of PBC business (Note 2)

     —         —          —         —         (9,243     (32     (9,275

Restricted shares forgiven for taxes
and forfeited

     (24     —          (580     —         —         —         (580

Foreign currency translation gain (loss)

     —         —          —         —         20,327       —         20,327  

Adoption of new accounting standard (Note 1)

     —         —          —         740       —         —         740  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Balance, September 30, 2017

     27,561     $ 275      $ 290,856       168,897     $ (18,724   $ —       $ 441,304  
  

 

 

   

 

 

    

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(1) Includes the effects of prior periods’ revisions (Note 1 and Note 15)

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.

 

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