Bed, Bath and Beyond 2008 Annual Report Download - page 17

Download and view the complete annual report

Please find page 17 of the 2008 Bed, Bath and Beyond annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Bed Bath & Beyond Inc. and Subsidiaries
ACCUMULATED
ADDITIONAL TREASURY OTHER
COMMON STOCK PAID-IN RETAINED STOCK COMPREHENSIVE
(in thousands) SHARES AMOUNT CAPITAL EARNINGS SHARES AMOUNT INCOME (LOSS) TOTAL
Balance at February 25, 2006 306,156 $ 3,062)$575,559)$2,632,224)(25,166) $ (948,395) $ —)$2,262,450)
Net earnings 594,244)594,244)
Shares sold under employee stock
option plans, including
tax benefit 2,603 26)61,628)61,654)
Issuance of restricted shares, net 991 10)(10) —)
Stock-based compensation
expense, net 61,744)61,744)
Repurchase of common stock,
including fees (7,510) (301,002) (301,002)
Adoption of SAB 108 38,288)(72,612) (34,324)
Adoption of SFAS No. 158 4,385)4,385)
Balance at March 3, 2007 309,750 3,098)737,209)3,153,856)(32,676) (1,249,397) 4,385)2,649,151)
Adoption of FIN 48 13,102)13,102)
Comprehensive Income (Loss):
Net earnings 562,808)562,808)
Temporaryimpairment of auction
rate securities, net of taxes (4,516) (4,516)
Pension adjustment, net of taxes (736) (736)
Currency translation adjustment (171) (171)
Comprehensive Income 557,385)
Shares sold under employee stock
option plans, including
tax benefit 1,463)14)31,367)31,381)
Issuance of restricted shares, net 1,016)10)(10) —)
Stock-based compensation
expense, net 45,002)45,002)
Repurchase of common stock,
including fees (20,633) (734,193) (734,193)
Balance at March 1, 2008 312,229 3,122)813,568)3,729,766)(53,309) (1,983,590) (1,038) 2,561,828)
Comprehensive Income (Loss):
Net earnings 425,123)425,123)
Change in temporaryimpairment
of auction rate securities,
net of taxes (615) (615)
Unrealized loss included in net
earnings, net of taxes 3,528 3,528)
Pension adjustment, net of taxes (4,593) (4,593)
Currency translation adjustment (1,822) (1,822)
Comprehensive Income 421,621)
Shares sold under employee stock
option plans,
including tax benefit 1,218 12)19,910)19,922)
Issuance of restricted shares, net 1,224 13)(13) —)
Stock-based compensation
expense, net 44,906)44,906)
Director fees paid in stock 7 197)197)
Repurchase of common stock,
including fees (1,668) (48,052) (48,052)
SFAS No. 158 change in measurement
date effect 32)32)
Balance at February 28, 2009 314,678 $ 3,147)$878,568)$4,154,921)(54,977) $(2,031,642) $ (4,540) $ 3,000,454)
See accompanying Notes to Consolidated Financial Statements.
BED BATH & BEYOND 2008 ANNUAL REPORT
15