Alaska Airlines and Horizon Air 2007 Annual Report Download - page 167
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ALASKA AIR GROUP, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In millions)
Common
Shares
Outstanding
Common
Stock
Capital in
Excess
of
Par Value
Treasury
Stock,
at Cost
Deferred
Stock-Based
Compensation
Accumulated
Other
Comprehensive
Loss
Retained
Earnings Total
Balances at December 31, 2004 ..... 27.126 $29.8 $496.5 $(60.5) $(3.4) $ (81.6) $284.0 $ 664.8
2005 net loss .................... (5.9) (5.9)
Other comprehensive income (loss):
Officers supplemental retirement
plan net of $0.7 tax benefit .... (1.1) (1.1)
Related to marketable securities:
Change in fair value ........ (3.5)
Reclassification to
earnings ............... 3.5
Income tax effect .......... 0.0
0.0 0.0
Related to fuel hedges:
Reclassification to
earnings ............... (12.8)
Income tax effect .......... 4.7
(8.1) (8.1)
Minimum pension liability
adjustment, net of $24.4 tax
benefit .................... (41.2) (41.2)
Total comprehensive loss ........... (56.3)
Deferred stock-based compensation . . 6.8 (6.8) 0.0
Amortization of deferred stock-based
compensation .................. — 2.1 2.1
Treasury stock sales ............... 0.172 — — 3.9 3.9
Stock issued for employee stock
purchase plan .................. 0.114 0.1 2.3 — 2.4
Stock issued under stock plans,
including $1.8 tax benefit ......... 0.342 0.3 10.4 — 10.7
Stock issued in equity offering, net of
$0.4 fees ..................... 5.700 5.7 194.3 200.0
Balances at December 31, 2005 ..... 33.454 $35.9 $710.3 $(56.6) $(8.1) $(132.0) $278.1 $ 827.6
Cumulative effect of adoption of SAB
108, net of $11.1 tax effect ....... — — — — — — (18.6) (18.6)
Adjusted balances at December 31,
2005 ......................... 33.454 $35.9 $710.3 $(56.6) $(8.1) $(132.0) $259.5 $ 809.0
2006 net loss .................... (52.6) (52.6)
Other comprehensive income (loss):
Pension liability adjustment, net of
$25.2 tax benefit ............ (43.1) (43.1)
Postretirement medical liability
adjustment, net of $11.1 tax
benefit .................... (18.7) (18.7)
Officers supplemental retirement
plan net of $0.2 tax effect ..... 0.4 0.4
Related to marketable securities:
Change in fair value ........ 4.0
Reclassification to
earnings ............... (0.4)
Income tax effect .......... (1.3)
2.3 2.3
Related to fuel hedges:
Reclassification to
earnings ............... (0.6)
Income tax effect .......... 0.3
(0.3) (0.3)
Total comprehensive loss ........... (112.0)
See accompanying notes to consolidated financial statements.
67
ŠForm 10-K