Advance Auto Parts 2007 Annual Report Download - page 65

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
For the Years Ended December 29, 2007, December 30, 2006 and December 31, 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 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 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 $2,041 tax - - - - - - - 3,316 - 3,316
Reclassification of gain on hedge arrangements into earnings, before tax - - - - - - - (2,873) - (2,873)
Comprehensive income 231,700
Issuance of shares upon the exercise of stock options - - 741 - 14,043 - - - - 14,043
Tax benefit from share-based compensation - - - - 5,272 - - - - 5,272
Share-based compensation - - - - 19,052 - - - - 19,052
Stock issued under employee stock purchase plan - - 90 - 2,908 - - - - 2,908
Treasury stock purchased - - - - - 3,678 (136,671) - - (136,671)
Treasury stock retired - - (5,117) - (192,339) (5,117) 192,339 - - -
Cash dividends - - - - - - - - (25,473) (25,473)
Other - - - - 252 - - - - 252
Balance, December 30, 2006 - -$ 105,351 11$ 414,153$ - -$ 3,472$ 613,218$ 1,030,854$
Net income - - - - - - - - 238,317 238,317
Changes in net unrecognized other postretirement benefit costs, net of $414 tax - - - - - - - 636 - 636
Unrealized loss on hedge arrangement, net of $3,087 tax - - - - - - -
(4,809) - (4,809)
Comprehensive income 234,144
Issuance of shares upon the exercise of stock options - - 1,867 - 40,468 - - - - 40,468
Tax benefit from share-based compensation - - - - 11,088 - - - - 11,088
Issuance of restricted stock, net of forfeitures - - 130 - - - - - - -
Amortization of restricted stock balance - - - - 1,341 - - - - 1,341
Share-based compensation - - - - 16,755 - - - - 16,755
Stock issued under employee stock purchase plan - - 53 - 1,888 - - - - 1,888
Treasury stock purchased - - - - - 8,341 (285,869) - - (285,869)
Treasury stock retired - - (6,329) (1) (211,225) (6,329) 211,225 - - (1)
Cash dividends - - - - - - - - (24,789) (24,789)
Adoption of FIN No. 48 - - - - - - - - (2,275) (2,275)
Other - - - - 191 - - - - 191
Balance, December 29, 2007 - -$ 101,072 10$ 274,659$ 2,012 (74,644)$ (701)$ 824,471$ 1,023,795$
Treasury Stock,
Preferred Stock Common Stock at cost
The accompanying notes to the consolidated financial statements
are an integral part of these statements.
F-6