Avid 1998 Annual Report Download - page 35

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30
AVID TECHNOLOGY, INC.
Consolidated Statements of Stockholders’ Equity
(in thousands, except share data) Accumulated
Common Additional Other Total
Shares of Common Stock Stock Paid-in Retained Treasury Deferred Comprehensive Stockholders’
Issued In Treasury Issued Capital Earnings Stock Compensation Income (Loss) Equity
Balances at December 31, 1995 20,935,145 $209 $208,918 $39,495 ($656) 247,966
Exercise of stock options 260,055 3 1,185 1,188
Sale of common stock under
Employee Stock Purchase Plan 143,169 1 2,371 2,372
Comprehensive income (loss):
Net income (38,044) (38,044)
Other comprehensive income (loss):
Net unrealized losses on
marketable securities (24) (24)
Translation adjustment (43) (43)
Other comprehensive income (loss) (67)
Comprehensive income (loss) (38,111)
Balances at December 31, 1996 21,338,369 213 212,474 1,451 (723) 213,415
Sale of common stock 1,552,632 16 14,712 14,728
Acquisition of shares of common stock
for treasury (1,000,000) ($28,776) (28,776)
Exercise of stock options and related
tax benefits 715,600 42,698 8 14,006 (549) 1,228 14,693
Sale of common stock under
Employee Stock Purchase Plan 204,137 2 1,989 1,991
Issuance of restricted stock 347,200 3 9,152 ($9,152) 3
Restricted stock grants canceled
and compensation expense
Comprehensive income (loss): (1,000)
(26) 1,118 1,092
Net income 26,384 26,384
Other comprehensive income (loss):
Net unrealized gains on
marketable securities 12 12
Translation adjustment (1,748) (1,748)
Other comprehensive income (loss) (1,736)
Comprehensive income 24,648
Balances at December 31, 1997
2
4,156,938 (957,302) 242 252,307 27,286 (27,548) (8,034) (2,459) 241,794
Acquisition of shares of
common stock for treasury (1,953,487) (61,822) (61,822)
Exercise of stock options and
related tax benefits 650,420 3,094 (9,059) 18,717 12,752
Sale of common stock under
Employee Stock Purchase Plan 91,507 (256) 2,629 2,373
Issuance of common stock in connection
with acquisition 2,435,519 24 65,463 65,487
Issuance of warrants to purchase
common stock in connection with
acquisition 26,196 26,196
Issuance of stock options in connection
with acquisition 2,544 2,544
Restricted stock grants canceled
and compensation expense (1,000) (28,800) (1) (315) 4,261 3,945
Comprehensive income (loss):
Net loss (3,633) (3,633)
Other comprehensive income (loss):
Net unrealized gains on
marketable securities 5 5
Translation adjustment 670 670
Other comprehensive income 675
Comprehensive income (loss) (2,958)
Balances at December 31, 1998 26,591,457 (2,197,662) $265 $349,289 $14,338 ($68,024) ($3,773) ($1,784) $290,311
The accompanying notes are an integral part of the consolidated financial statements.