CarMax 2009 Annual Report Download - page 49

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43
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Accumulated
Common Capital in Other
Shares Common Excess of Retained Comprehensive
(In thousands) Outstanding Stock Par Value Earnings Loss Total
BALANCE AS OF FEBRUARY 28, 2006 ..................
.
209,910 $104,954 $501,599 $373,550 $ 980,103
Net earnings ...................................... — — — 198,597 198,597
Adjustment to initially apply SFAS
No. 158, net of taxes of $11,858.... — — — — $ (20,332) (20,332)
Share-based compensation
expense for stock options and
restricted stock............................... — — 31,526 — — 31,526
Exercise of common stock options.... 5,280 2,640 34,383 — — 37,023
Shares issued under stock
incentive plans............................... 1,002 502 (201) — — 301
Shares cancelled upon
reacquisition .................................. (164) (82) (1,531) — — (1,613)
Tax benefit from the exercise of
common stock options................... — — 21,770 — — 21,770
BALANCE AS OF FEBRUARY 28, 2007 ..................
.
216,028 108,014 587,546 572,147 (20,332) 1,247,375
Comprehensive income:
Net earnings................................... — — — 182,025 — 182,025
Retirement benefit plans, net of
taxes of $2,091 ......................... — — — — 3,604 3,604
Total comprehensive income......... 185,629
Adjustment to initially apply
FIN 48 ........................................... — — — 408 — 408
Share-based compensation
expense for stock options and
restricted stock............................... — — 33,146 — — 33,146
Exercise of common stock options.... 1,774 887 13,854 — — 14,741
Shares issued under stock
incentive plans............................... 927 463 (148) — — 315
Shares cancelled upon
reacquisition .................................. (113) (56) 45 — — (11)
Tax benefit from the exercise of
common stock options................... — — 7,323 — — 7,323
BALANCE AS OF FEBRUARY 29, 2008 ..................
.
218,616 109,308 641,766 754,580 (16,728) 1,488,926
Comprehensive income:
Net earnings................................... — — — 59,213 — 59,213
Retirement benefit plans, net of
taxes of $176 ............................ — — — — (132) (132)
Total comprehensive income......... 59,081
Share-based compensation
expense for stock options and
restricted stock............................... — — 34,854 — — 34,854
Exercise of common stock options.... 817 408 9,778 — — 10,186
Shares issued under stock
incentive plans............................... 1,119 560 40 — — 600
Shares cancelled upon
reacquisition .................................. (160) (80) 40 — — (40)
Tax effect from the exercise of
common stock options................... — — (540) — — (540)
BALANCE AS OF FEBRUARY 28, 2009 ............. 220,392 $110,196 $685,938 $ 813,793 $ (16,860) $1,593,067
See accompanying notes to consolidated financial statements.