AutoZone 2011 Annual Report Download - page 104

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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 30, 2008 . . . . . . . . . . . . . . . . . . . . . . 63,600 $636 $537,005 $ 206,099 $ (4,135) $ (509,918) $ 229,687
Netincome................................... 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,
netoftaxesof$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)
Netincome................................... 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
purchaseplan ............................... 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)
Netincome................................... 848,974 848,974
Pension liability adjustments, net of taxes
of($3,998) ................................. (17,346) (17,346)
Foreign currency translation adjustment . . . . . . . . . . . . 8,347 8,347
Unrealized loss adjustment on marketable securities,
net of taxes of ($91) . . . . . . . . . . . . . . . . . . . . . . . . . . (171) (171)
Net losses on terminated derivatives . . . . . . . . . . . . . . . (5,453) (5,453)
Reclassification of net losses on derivatives into
earnings ................................... 1,400 1,400
Comprehensive income . . . . . . . . . . . . . . . . . . . . . 835,751
Purchase of 5,598 shares of treasury stock . . . . . . . . . . (1,466,802) (1,466,802)
Retirement of treasury shares . . . . . . . . . . . . . . . . . . . . (6,577) (66) (82,150) (1,247,627) 1,329,843 —
Sale of common stock under stock options and stock
purchaseplan ............................... 600 6 55,840 55,846
Share-based compensation expense . . . . . . . . . . . . . . . . 24,794 24,794
Income tax benefit from exercise of stock options . . . . 34,945 34,945
Other ....................................... (1) (1)
Balance at August 27, 2011 . . . . . . . . . . . . . . . . . . . . . . 44,084 $441 $591,384 $ (643,998) $(119,691) $(1,082,368) $(1,254,232)
See Notes to Consolidated Financial Statements.
42
10-K