2K Sports 2008 Annual Report Download - page 76

Download and view the complete annual report

Please find page 76 of the 2008 2K Sports annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

TAKE-TWO INTERACTIVE SOFTWARE, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands)
Accumulated
Retained Other
Additional Earnings Comprehensive Total
Common Stock Paid-in Deferred (Accumulated Income Stockholders’
Shares Amount Capital Compensation Deficit) (Loss) Equity
Balance, November 1, 2005 70,667 $707 $451,470 $(12,581) $ 245,548 $ 686 $ 685,830
Net loss (184,889) (184,889)
Change in cumulative foreign currency translation
adjustment — — — — — 6,216 6,216
Comprehensive loss — — — — — — (178,673)
Reclassification of deferred compensation in
connection with the adoption of SFAS 123(R) — — (12,581) 12,581 — — —
Proceeds from exercise of stock options 273 2 2,806 — — — 2,808
Stock-based compensation 28,413 28,413
Issuance of common stock in connection with
acquisition 679 7 12,493 — — — 12,500
Issuance of restricted stock, net of forfeitures and
cancellations 1,126 11 328 — — — 339
Income tax effect of net stock option
cancellations and forfeitures (825) (825)
Balance, October 31, 2006 72,745 727 482,104 — 60,659 6,902 550,392
Net loss (138,406) (138,406)
Change in cumulative foreign currency translation
adjustment — — — — — 27,959 27,959
Comprehensive loss — — — — — — (110,447)
Proceeds from exercise of stock options 679 7 10,174 — — — 10,181
Stock-based compensation — — 25,409 — — — 25,409
Issuance of restricted stock, net of forfeitures and
cancellations 849 9 (2,342) — — — (2,333)
Income tax effect of stock option cancellations
and forfeitures — — (2,048) — — — (2,048)
Balance, October 31, 2007 74,273 743 513,297 — (77,747) 34,861 471,154
Net income 97,097 97,097
Change in cumulative foreign currency translation
adjustment — — — — — (42,374) (42,374)
Comprehensive income — — — — — — 54,723
Cummulative effect of adoption of FIN48 — — — — (1,075) — (1,075)
Proceeds from exercise of stock options 1,236 12 25,950 — — — 25,962
Stock-based compensation — — 35,341 — — — 35,341
Issuance of common stock in connection with
acquisition 1,550 16 29,212 — — — 29,228
Issuance of restricted stock, net of forfeitures and
cancellations 635 6 (221) — — — (215)
Balance, October 31, 2008 77,694 $777 $603,579 $ — $ 18,275 $ (7,513) $ 615,118
See accompanying Notes.
66