Advance Auto Parts 2004 Annual Report Download - page 33

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Advance฀Auto฀Parts,฀Inc.฀and฀Subsidiaries
31
Preferred฀Stock Common฀Stock Additional฀
Paid-in฀
Treasury฀Stock,฀฀
at฀cost Stockholder฀
Subscription
Accumulated฀
Other฀
Comprehensive฀
(Accumulated฀
Deficit)฀฀
Retained฀
Total฀
Stockholders’
Shares Amount Shares Amount Capital Shares Amount Receivable (Loss)฀Gain Earnings Equity
(in฀thousands)
Balance,฀December฀29,฀2001฀ — $฀— 65,384 $฀ 7 $496,535 — $฀ — $(2,676) $฀ ฀ ฀— $(205,294) $฀฀฀288,572
Net฀income฀............................. — — — — — — — — — 65,019 65,019
Unrealized฀loss฀on฀฀
฀ hedge฀arrangement฀............ — — — — — — — — (592) — (592)
฀ ฀ Comprehensive฀income฀.. 64,427
Issuance฀of฀common฀฀
฀ ฀stock,฀net฀of฀$1,369฀฀
in฀related฀expenses฀............. — — 4,500 — 88,653 — — — — — 88,653
Issuance฀of฀shares฀upon฀the฀฀
฀ exercise฀of฀stock฀options฀... — — 1,558 — 17,369 — — — — — 17,369
Tax฀benefit฀related฀to฀฀
฀ exercise฀of฀stock฀options฀... — — — — 6,968 — — — — — 6,968
Stock฀issued฀under฀employee฀฀
฀ stock฀purchase฀plan฀........... — — 28 — 667 — — — — — 667
Repayment฀of฀฀
฀ management฀loans฀............. — — — — — — — 1,700 — — 1,700
Balance,฀December฀28,฀2002฀ — $฀— 71,470 $฀ 7 $610,192 — $฀ — $฀ ฀(976) $฀฀฀฀(592) $(140,275) $฀฀฀468,356
Net฀income฀............................. — — — — — — — — — 124,935 124,935
Unrealized฀gain฀on฀฀
฀ hedge฀arrangement฀............ — — — — — — — — 63 — 63
฀ ฀ Comprehensive฀income฀.. 124,998
Issuance฀of฀shares฀upon฀the฀฀
฀ exercise฀of฀stock฀options฀... — — 2,267 — 25,407 — — — — — 25,407
Tax฀benefit฀related฀to฀฀
฀ exercise฀of฀stock฀options฀... — — — — 7,964 — — — — — 7,964
Stock฀issued฀under฀employee฀฀
฀ stock฀purchase฀plan฀........... — — 147 — 3,543 — — — — — 3,543
Repayment฀of฀฀
฀ management฀loans฀............. — — — — — — — 976 — — 976
Balance,฀January฀3,฀2004฀.... — $฀— 73,884 $฀ 7 $647,106 — $฀ — $฀ ฀ ฀ ฀฀฀— $฀฀฀฀(529) $฀ (15,340) $฀฀฀631,244
Net฀income฀............................. — — — — — — — — — 187,988 187,988
Unrealized฀gain฀on฀฀
฀ hedge฀arrangement฀............ — — — — — — — — 1,343 — 1,343
฀ ฀ Comprehensive฀income฀.. 189,331
Issuance฀of฀shares฀upon฀the฀฀
฀ exercise฀of฀stock฀options฀... — — 1,943 1 20,469 — — — — — 20,470
Tax฀benefit฀related฀to฀฀
฀ exercise฀of฀stock฀options฀... — — — — 23,749 — — — — — 23,749
Stock฀issued฀under฀employee฀฀
฀ stock฀purchase฀plan฀........... — — 118 — 3,397 — — — — — 3,397
Treasury฀stock฀purchased฀...... — — — — — 3,700 (146,370) — — — (146,370)
Other฀...................................... — — — — 494 — — — — — 494
Balance,฀January฀1,฀2005฀.... — $฀— 75,945 $฀ 8 $695,215 3,700 $(146,370) $฀ ฀ ฀ ฀฀฀— $฀ ฀฀฀฀814 $฀฀฀172,648 $฀฀฀722,315
The฀accompanying฀notes฀to฀consolidated฀financial฀statements฀are฀an฀integral฀part฀of฀these฀statements.
Consolidated฀Statements฀of฀Changes฀in฀Stockholders’฀Equity
For฀the฀Years฀Ended฀January฀1,฀2005,฀January฀3,฀2004,฀and฀December฀28,฀2002