CarMax 2006 Annual Report Download - page 41

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CARMAX 2006
39
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
See accompanying notes to consolidated financial statements.
Common Capital in
Shares Common Excess of Retained
(In thousands)
Outstanding Stock Par Value Earnings Total
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
Net earnings...................................................................... — — — 148,055 148,055
Exercise of common stock options .................................. 651 325 5,620 — 5,945
Shares purchased for employee stock
purchase plan.................................................................. — — (804) — (804)
Shares issued under stock incentive plans....................... 3 1 88 — 89
Shares cancelled upon reacquisition
by the company ............................................................. (2) (1) (12) — (13)
Tax benefit from stock issued .......................................... — — 5,422 — 5,422
Unearned compensation–restricted stock........................ — — 68 — 68
BALANCE AT FEBRUARY 28, 2006
.................................................. 104,955 $52,477 $499,546 $407,715 $959,738