CarMax 2010 Annual Report Download - page 56

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46
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands)
BALANCE AS O F 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
To tal co mpreh en s ive income 185,629
A dju s tmen t to initially ap ply FIN 48 ― ― ― 408 ― 408
Share-based compensation expense ― ― 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 O F 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)
To tal co mpreh en s ive income 59,081
Share-based compensation expense ― ― 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 O F FEBRUARY 28, 2009 220,392 110,196 685,938 813,793 (16,860) 1,593,067
Comprehensive income:
Net earnings ― ― ― 281,668 ― 281,668
Retirement benefit plans,
net of taxes of $1,556 ― ― ― ― (2,686) (2,686)
To tal co mpreh en s ive income 278,982
Share-based compensation expense ― ― 31,589 ― ― 31,589
Exercise of common stock options 3,086 1,543 33,680 ― ― 35,223
Shares issued under stock
incentive plans 45 23 542 ― ― 565
Shares cancelled upon reacquisition (457) (229) (3,687) ― ― (3,916)
Tax effect from the exercise of
common stock options ― ― (1,928) ― ― (1,928)
BALANCE AS O F FEBRUARY 28, 2010 223,066 111,533$ 746,134$ 1,095,461$ (19,546)$ 1,933,582$
Accumulate d
Common
Shares
Capital in Other
Outstanding S tock
Common Excess of
Par Value TotalEarn i ngs
Retained Comprehensive
Loss
See accompanying notes to consolidated financial statements.