CarMax 2004 Annual Report Download - page 33

CARMAX 2004 31
Common Capital in
Shares Common Excess of Retained Parent’s
(In thousands) Outstanding Stock Par Value Earnings Equity Total
BALANCE AT MARCH 1, 2001 —$—$ —$ —$ 391,503 $391,503
Net earnings — — — — 90,802 90,802
Equity issuances, net — — — — 3,174 3,174
BALANCE AT FEBRUARY 28, 2002 ————485,479 485,479
Net earnings — — — 30,282 64,520 94,802
Equity issuances, net — — — — 2,589 2,589
Special dividend — — — — (28,400) (28,400)
Recapitalization due to separation 103,014 51,507 472,681 — (524,188) —
Exercise of common stock options 39 20 177 — — 197
Shares purchased for employee stock
purchase plan — — (213) — — (213)
Shares issued under stock incentive plans 30 15 408 — — 423
Tax benefit from stock issued — — 12 — — 12
Unearned compensation-restricted stock — — (320) — — (320)
BALANCE AT FEBRUARY 28, 2003 103,083 51,542 472,745 30,282 — 554,569
Net earnings — — — 116,450 — 116,450
Exercise of common stock options 693 346 4,176 — — 4,522
Shares purchased for employee stock
purchase plan — — (599) — — (599)
Shares issued under stock incentive plans 3 2 95 — — 97
Shares cancelled upon reacquisition
by the company (1) (1) (13) — — (14)
Tax benefit from stock issued — — 5,598 — — 5,598
Unearned compensation-restricted stock — — 130 — — 130
BALANCE AT FEBRUARY 29, 2004 103,778 $51,889 $482,132 $146,732 $ — $680,753
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
See accompanying notes to consolidated financial statements.