Callaway 1999 Annual Report Download - page 33

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31CALLAWAY GOLF COMPANY
CONSOLIDATED STATEMENT OF SHAREHOLDERS’EQUITY
(in thousands) Accumulated Current
Other Year’s
Common Stock Paid-In Unearned Retained Comprehensive Comprehensive
Shares Amount Capital Compensation Earnings Income GST Total Income
Balance, December 31, 1996 72,855 $729 $278,669 ($3,105) $238,113 $ 236 ($152,375) $362,267
Exercise of stock options 2,877 29 21,529 21,558
Tax benefit from exercise of
stock options 29,786 29,786
Compensatory stock options 2,511 (470) 2,041
Employee stock purchase plan 372 4 5,968 5,972
Stock retirement (1,852) (19) (52,966) (52,985)
Cash dividends (20,607) (20,607)
Dividends on shares held by GST 1,484 1,484
Adjustment of GST shares to
market value (1,060) 1,060
Equity adjustment from foreign
currency translation (795) (795) ($795)
Net income 132,704 132,704 132,704
Balance, December 31, 1997 74,252 743 337,403 (3,575) 298,728 (559) (151,315) 481,425 $131,909
Exercise of stock options 391 4 4,433 4,437
Tax benefit from exercise of
stock options 3,068 3,068
Issuance of Restricted
Common Stock 130 1 4,029 (4,030)
Cancellation of Restricted
Common Stock (19) (597) 597
Compensatory stock and
stock options 1,532 1,355 2,887
Employee stock purchase plan 386 4 5,902 5,906
Stock retirement (45) (1) (765) (151) (917)
Cash dividends (20,969) (20,969)
Dividends on shares held by GST 1,484 1,484
Adjustment of GST shares to
market value (96,990) 96,990
Equity adjustment from foreign
currency translation 2,339 2,339 $2,339
Net loss (26,564) (26,564) (26,564)
Balance, December 31, 1998 75,095 751 258,015 (5,653) 252,528 1,780 (54,325) 453,096 ($24,225)
Exercise of stock options 851 8 5,362 5,370
Tax benefit from exercise of
stock options 2,377 2,377
Cancellation of Restricted
Common Stock (22) (684) 684
Compensatory stock and
stock options (795) 2,185 1,390
Employee stock purchase plan 378 4 3,635 3,639
Cash dividends (21,244) (21,244)
Dividends on shares held by GST 1,484 1,484
Adjustment of GST shares to
market value 39,419 (39,419)
Equity adjustment from foreign
currency translation (1,500) (1,500) ($1,500)
Net income 55,322 55,322 55,322
Balance, December 31, 1999 76,302 $763 $307,329 ($2,784) $288,090 $ 280 ($ 93,744) $499,934 $ 53,822
See accompanying notes to consolidated financial statements.