CarMax 2005 Annual Report Download - page 33
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Please find page 33 of the 2005 CarMax 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.CARMAX 2005
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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Common Capital in
Shares Common Excess of Retained Parent’s
(In thousands)
Outstanding Stock Par Value Earnings Equity Total
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
Net earnings — — — 112,928 — 112,928
Exercise of common stock options 522 262 3,955 — — 4,217
Shares purchased for employee stock
purchase plan — — (747) — — (747)
Shares issued under stock incentive plans 4 2 88 — — 90
Shares cancelled upon reacquisition
by the company (1) (1) (16) — — (17)
Tax benefit from stock issued — — 3,628 — — 3,628
Unearned compensation—restricted stock — — 124 — — 124
BALANCE AT FEBRUARY 28, 2005
104,303 $52,152 $489,164 $259,660 $ — $800,976
See accompanying notes to consolidated financial statements.