CarMax 1999 Annual Report Download - page 35

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Common Shares Outstanding Common Stock Capital In
Circuit City CarMax Circuit City CarMax Excess of Retained
(Amounts in thousands except per share data)
Group Group Group Group Par Value Earnings Total
BALANCE AT MARCH 1, 1996 ............................. 97,380 – $48,690 $ – $ 90,432 $ 924,799 $1,063,921
Net earnings ......................................................... – – – – – 136,414 136,414
Exercise of common stock options [NOTE 7] ........... 786 – 393 – 13,497 – 13,890
Shares issued under Employee
Stock Purchase Plan [NOTE 7] ............................ 78 – 39 – 2,491 – 2,530
Shares issued under the 1994 Stock
Incentive Plan [NOTE 7]...................................... 255 – 127 – 7,455 – 7,582
Tax benefit from stock issued ................................ – – – – 3,080 – 3,080
Shares issued in the CarMax Group stock
offering ............................................................ –21,860 – 10,930 401,405 – 412,335
Shares cancelled upon reacquisition by Company... (321) – (160) – (9,654) – (9,814)
Unearned compensation–restricted stock ............ – – – – (1,883) – (1,883)
Cash dividends–Circuit City Group common
stock ($0.14 per share)..................................... – – – – – (13,199) (13,199)
BALANCE AT FEBRUARY 28, 1997 ..................... 98,178 21,860 49,089 10,930 506,823 1,048,014 1,614,856
Net earnings ......................................................... – – – – – 104,311 104,311
Exercise of common stock options [NOTE 7] ........... 483 273 241 136 6,790 – 7,167
Shares issued under Employee
Stock Purchase Plans [NOTE 7]........................... 173 51 87 26 6,648 – 6,761
Shares issued under the 1994 Stock
Incentive Plan [NOTE 7]...................................... 605 20 302 10 20,214 – 20,526
Tax benefit from stock issued ................................ – – – – 8,013 – 8,013
Shares cancelled upon reacquisition by Company... (157) – (78) – (4,470) – (4,548)
Unearned compensation–restricted stock ............ – – – – (13,255) – (13,255)
Cash dividends–Circuit City Group common
stock ($0.14 per share)..................................... – – – – – (13,792) (13,792)
BALANCE AT FEBRUARY 28, 1998 ..................... 99,282 22,204 49,641 11,102 530,763 1,138,533 1,730,039
Net earnings ......................................................... – – – – – 142,924 142,924
Exercise of common stock options [NOTE 7] ........... 1,004 543 502 272 16,945 – 17,719
Shares issued under Employee
Stock Purchase Plans [NOTE 7]........................... 429 269 215 134 19,431 – 19,780
Shares issued under the 1994 Stock
Incentive Plan [NOTE 7]...................................... 360 100 180 50 14,588 – 14,818
Tax benefit from stock issued ................................ – – – – 9,523 – 9,523
Other.................................................................... 32 – 16 – 1,445 – 1,461
Shares cancelled upon reacquisition by Company... (287) – (144) – (14,239) – (14,383)
Unearned compensation–restricted stock ............ – – – – (2,770) – (2,770)
Cash dividends–Circuit City Group common
stock ($0.14 per share)..................................... – – – – – (13,981) (13,981)
BALANCE AT FEBRUARY 28, 1999 .....................
100,820 23,116 $50,410 $11,558 $575,686 $1,267,476 $1,905,130
See accompanying notes to consolidated financial statements.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
CIRCUIT CITY STORES, INC.
CIRCUIT CITY STORES, INC. 1999 ANNUAL REPORT 33