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Shareholders' Equity
 9 Months Ended
Sep. 30, 2015
Shareholders' Equity  
Shareholders' Equity

8.Shareholders’ Equity

 

In June 2015, our Board of Directors renewed its existing common stock repurchase program by replacing the remainder of the existing program and authorizing the purchase of up to $100.0 million in common stock.  The program does not require a minimum number of shares of common stock to be purchased, has no expiration date and may be suspended or discontinued at any time. As of September 30, 2015, we have $59.5 million available to repurchase shares under the share repurchase program.

 

Other Comprehensive Loss and Accumulated Other Comprehensive Loss

 

Our other comprehensive loss, consisting of foreign currency translation adjustments related to our subsidiaries that have a functional currency other than the U.S. dollar and cash flow hedges, was as follows (in millions):

 

 

 

 

 

 

 

 

 

 

 

 

 

Foreign

 

 

 

Accumulated

 

 

Currency

 

Cash

 

Other

 

 

Translation Adjustments

 

Flow Hedges

 

Comprehensive Loss

Balance as of December 31, 2014

 

$
(60.2)

 

$

 —

 

$
(60.2)

Other comprehensive loss

 

 
(42.8)

 

 
(1.1)

 

 
(43.9)

Less: Net other comprehensive income attributable to noncontrolling interest

 

 
4.6

 

 

 —

 

 
4.6

Balance as of September 30, 2015

 

$
(107.6)

 

$
(1.1)

 

$
(108.7)

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2013

 

$
(29.3)

 

$

 —

 

$
(29.3)

Other comprehensive loss

 

 
(8.4)

 

 

 —

 

 
(8.4)

Balance as of September 30, 2014

 

$
(37.7)

 

$

 —

 

$
(37.7)

 

The foreign currency translation adjustment losses for the nine months ended September 30, 2015 were primarily due to the strengthening of the U.S. dollar as compared to the Brazilian Real. The foreign currency translation adjustment losses for the nine months ended September 30, 2014 were primarily due to the strengthening of the U.S dollar as compared to the Brazilian Real and the British Pound.