Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity (Note)

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Shareholders' Equity (Note)
 3 Months Ended
Mar. 31, 2014
Stockholders' Equity Note [Abstract]  
Shareholders' Equity
SHAREHOLDERS’ EQUITY
Share Repurchase Program
On September 27, 2011, HSNi’s Board of Directors approved a share repurchase program which allows HSNi to purchase 10 million shares of its common stock from time to time through privately negotiated and/or open market transactions. The timing of repurchases and actual number of shares repurchased depends on a variety of factors, including the stock price, corporate and regulatory requirements, restrictions under HSNi’s debt obligations and other market and economic conditions. The repurchase program may be suspended or discontinued by HSNi at any time. For the three months ended March 31, 2014, HSNi acquired under the program approximately 27,000 shares of its outstanding common stock for $1.5 million at an average price of $54.10. As of March 31, 2014, approximately 1.0 million shares remained authorized for repurchase under the program.
Dividend Policy
Effective February 20, 2014, HSNi's Board of Directors approved a quarterly cash dividend of $0.25 per common share. The dividend was paid on March 19, 2014 to HSNi's shareholders of record as of March 5, 2014.
Effective May 1, 2014, HSNi's Board of Directors approved a quarterly cash dividend of $0.25 per common share. The dividend will be paid on June 18, 2014 to HSNi's shareholders of record as of June 4, 2014.
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) includes the cumulative gains and losses of derivative instruments that qualify as cash flow hedges. The following table provides a rollforward of accumulated other comprehensive income (loss) for the three months ended March 31, 2014 and 2013 (in thousands):

 
 
2014
 
2013
Accumulated other comprehensive income (loss) as of January 1,
 
$
354

 
$
(471
)
Other comprehensive (loss) income before reclassifications
 
(253
)
 
89

Amounts reclassified from accumulated other comprehensive income (loss) to interest expense in the consolidated statements of operations
 
214

 
—

Income tax benefit (expense)
 
19

 
(34
)
Other comprehensive (loss) income, net of tax
 
(20
)
 
55

Accumulated other comprehensive income (loss) as of March 31,
 
$
334

 
$
(416
)