Arrow Electronics 2000 Annual Report Download - page 34

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Foreign Unamortized
Capital Currency Employee
Common Stock in Excess Retained Translation Treasury Stock Awards
at Par Value of Par Value Earnings Adjustment Stock and Other Total
Balance at December 31, 1997 $102,950 $506,656 $ 968,998 $(35,881) $(164,207) $(17,758) $1,360,758
Net income 145,828 145,828
Translation adjustments 12,233 12,233
Comprehensive income 158,061
Exercise of stock options (2,777) 10,281 7,504
Tax benefits related to
exercise of stock options 1,619 1,619
Restricted stock awards, net 503 5,766 (6,269)
Amortization of employee
stock awards 9,497 9,497
Purchases of common stock (50,129) (50,129)
Other 1 8 9
Balance at December 31, 1998 102,950 506,002 1,114,826 (23,648) (198,281) (14,530) 1,487,319
Net income 124,153 124,153
Translation adjustments (71,647) (71,647)
Comprehensive income 52,506
Exercise of stock options (1,259) 2,541 1,282
Tax benefits related to
exercise of stock options 189 189
Restricted stock awards, net (3,921) 8,571 (4,650)
Amortization of employee
stock awards 8,965 8,965
Other 368 (100) 268
Balance at December 31, 1999 102,950 501,379 1,238,979 (95,295) (187,269) (10,215) 1,550,529
Net income 357,931 357,931
Translation adjustments (65,619) (65,619)
Comprehensive income 292,312
Exercise of stock options (7,387) 35,376 27,989
Tax benefits related to
exercise of stock options 7,212 7,212
Restricted stock awards, net 17 (743) 7,645 (6,919)
Amortization of employee
stock awards 6,262 6,262
Issuance of common stock 850 28,836 29,686
Other 79 (321) (242)
Balance at December 31, 2000 $103,817 $529,376 $1,596,910 $(160,914) $(144,569) $(10,872) $1,913,748
See accompanying notes.
consolidated statement of shareholders’ equity
(In thousands)