AutoZone 2010 Annual Report Download - page 131

Consolidated Statements of Stockholders’ (Deficit) Equity
(in thousands)
Common
Shares
Issued
Common
Stock
Additional
Paid-in
Capital
Retained
(Deficit)
Earnings
Accumulated
Other
Comprehensive
Loss
Treasury
Stock Total
Balance at August 25, 2007 ........................................ 71,250 $713 $545,404 $ 546,049 $ (9,550) $ (679,416) $ 403,200
Net income ................................................................... 641,606 641,606
Pension liability adjustments, net of taxes of
($1,145) .................................................................... (1,817) (1,817)
Foreign currency translation adjustment ..................... 13,965 13,965
Unrealized gain adjustment on marketable
securities, net of taxes of $142 ............................... 263 263
Net losses on outstanding derivatives, net of taxes
of ($3,715) ............................................................... (6,398) (6,398)
Reclassification of net gain on derivatives into
earnings .................................................................... (598) (598)
Comprehensive income ........................................... 647,021
Cumulative effect of adopting ASC Topic 740 .......... (26,933) (26,933)
Purchase of 6,802 shares of treasury stock ................ (849,196) (849,196)
Retirement of treasury stock ....................................... (8,100) (81) (63,990) (954,623) 1,018,694 —
Sale of common stock under stock option and stock
purchase plans.......................................................... 450 4 27,061 27,065
Share-based compensation expense ............................ 18,388 18,388
Income tax benefit from exercise of stock options .... 10,142 10,142
Balance at August 30, 2008 ........................................ 63,600 636 537,005 206,099 (4,135) (509,918) 229,687
Net income ................................................................... 657,049 657,049
Pension liability adjustments, net of taxes of
($29,481) .................................................................. (46,956) (46,956)
Foreign currency translation adjustment ..................... (43,655) (43,655)
Unrealized gain adjustment on marketable securities
net of taxes of $306................................................. 568 568
Reclassification of net loss on termination of swap
into earnings, net of taxes of $1,601 ...................... 2,744 2,744
Reclassification of net gain on derivatives into
earnings .................................................................... (612) (612)
Comprehensive income ........................................... 569,138
Cumulative effect of adopting ASC Topic 715
measurement date, net of taxes of $198 ................. 300 11 311
Purchase of 9,313 shares of treasury stock ................ (1,300,002) (1,300,002)
Issuance of 3 shares of common stock ....................... 395 395
Retirement of treasury shares...................................... (6,223) (62) (55,071) (726,513) 781,646 —
Sale of common stock under stock option and stock
purchase plans.......................................................... 504 5 39,850 39,855
Share-based compensation expense ............................ 19,135 19,135
Income tax benefit from exercise of stock options .... 8,407 8,407
Balance at August 29, 2009 ........................................ 57,881 579 549,326 136,935 (92,035) (1,027,879) (433,074)
Net income ................................................................... 738,311 738,311
Pension liability adjustments, net of taxes of
($5,504) .................................................................... (8,133) (8,133)
Foreign currency translation adjustment ..................... 705 705
Unrealized loss adjustment on marketable securities,
net of taxes of ($56) ................................................ (104) (104)
Net losses on outstanding derivatives, net of taxes
of ($3,700) ............................................................... (6,278) (6,278)
Reclassification of net gain on derivatives into
earnings .................................................................... (612) (612)
Comprehensive income ........................................... 723,889
Purchase of 6,376 shares of treasury stock ................ (1,123,655) (1,123,655)
Retirement of treasury shares...................................... (8,504) (85) (85,657) (1,120,289) 1,206,031 —
Sale of common stock under stock options and
stock purchase plan ................................................. 684 7 52,915 52,922
Share-based compensation expense ............................ 19,120 19,120
Income tax benefit from exercise of stock options .... 22,251 22,251
Other ............................................................................ (301) (11) 94 (218)
Balance at August 28, 2010 ........................................ 50,061 $501 $557,955 $ (245,344) $(106,468) $ (945,409) $ (738,765)
See Notes to Consolidated Financial Statements.
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10-K