Advance Auto Parts 2006 Annual Report Download - page 70

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
For the Years Ended December 30, 2006, December 31, 2005 and January 1, 2005
(in thousands)
Accumulated (Accumulated
Additional Other Deficit) Total
Paid-in Comprehensive Retained Stockholders'
Shares Amount Shares Amount Capital Shares Amount Income Earnings Equity
Balance, January 3, 2004
-
-$ 110,826 10$ 647,103$ - -$ (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 - - 2,914 1 20,469 - - - - 20,470
Tax benefit related to exercise of stock options - - - - 23,749 - - - - 23,749
Stock issued as compensation under employee
stock purchase plan - - 177 - 3,397 - - - - 3,397
Treasury stock purchased - - - - - 5,550 (146,370) - - (146,370)
Other - - - - 494 - - - - 494
Balance, January 1, 2005 - -$ 113,917 11$ 695,212$ 5,550 (146,370)$ 814$ 172,648
$ 722,315$
Net income - - - - - - - - 234,725 234,725
Unrealized gain on hedge arrangement - - - - - - - 2,276 - 2,276
Comprehensive income 237,001
Issuance of shares upon the exercise of stock options - - 2,727 - 28,696 - - - - 28,696
Tax benefit related to exercise of stock options - - - - 30,300 - - - - 30,300
Stock issued as compensation under employee
stock purchase plan - - 110 - 3,286 - - - - 3,286
Treasury stock purchased - - - - - 3,011 (102,483) - - (102,483)
Treasury stock retired - - (7,122) - (193,185) (7,122) 193,185 - - -
Other - - 5 - 656 - - - - 656
Balance, December 31, 2005 - -$ 109,637 11$ 564,965$ 1,439
(55,668)$ 3,090$ 407,373$ 919,771$
Net income - - - - - - - - 231,318 231,318
Unrealized loss on hedge arrangement, net of $12 tax - - - - - - - (61) - (61)
Adjustment to adopt FASB Statement
No. 158, net of $2,041 tax - - - - - - - 3,316 - 3,316
Reclassification of gain on hedge arrangements into
earnings, before tax - - - - - - - (2,873) - (2,873)
Comprehensive income 231,700
Issuance of shares upon the exercise of stock options - - 741 - 14,043 - - - - 14,043
Excess tax benefit from stock-based compensation - - - - 5,272 - - - - 5,272
Share-based compensation - - - - 19,052 - - - - 19,052
Stock issued as compensation under employee
stock purchase plan - - 90 - 2,908 - - - - 2,908
Treasury stock purchased - - -
- - 3,678 (136,671) - - (136,671)
Treasury stock retired - - (5,117) - (192,339) (5,117) 192,339 - - -
Cash dividends - - - - - - - - (25,473) (25,473)
Other - - - - 252 - - - - 252
Balance, December 30, 2006 - -$ 105,351 11$ 414,153$ - -$ 3,472$ 613,218$ 1,030,854$
Treasury Stock,
Preferred Stock Common Stock at cost
The accompanying notes to consolidated financial statements
are an integral part of these statements.
F-7