CarMax 2016 Annual Report Download - page 47
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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, 2013 225,906 $ 112,953 $ 972,250 $ 1,993,772 $ (59,808) $ 3,019,167
Net earnings — — — 492,586 — 492,586
Other comprehensive income — — — — 13,537 13,537
Share-based compensation expense — — 36,429 — — 36,429
Repurchases of common stock (6,860) (3,430) (30,566) (272,142) — (306,138)
Exercise of common stock options 2,337 1,168 43,977 — — 45,145
Stock incentive plans:
Shares issued 453 227 273 — — 500
Shares cancelled (150) (75) (6,071) — — (6,146)
Tax effect from the exercise/vesting
of equity awards — — 21,917 — — 21,917
Balance as of February 28, 2014 221,686 110,843 1,038,209 2,214,216 (46,271) 3,316,997
Net earnings — — — 597,358 — 597,358
Other comprehensive loss — — — — (19,120) (19,120)
Share-based compensation expense — — 43,341 — — 43,341
Repurchases of common stock (17,511) (8,756) (86,933) (817,353) — (913,042)
Exercise of common stock options 4,390 2,195 87,616 — — 89,811
Stock incentive plans:
Shares issued 461 231 (231) — — —
Shares cancelled (156) (78) (7,268) — — (7,346)
Tax effect from the exercise/vesting
of equity awards — — 48,786 — — 48,786
Balance as of February 28, 2015 208,870 104,435 1,123,520 1,994,221 (65,391) 3,156,785
Net earnings — — — 623,428 — 623,428
Other comprehensive loss — — — — (4,805) (4,805)
Share-based compensation expense — — 39,164 — — 39,164
Repurchases of common stock (16,300) (8,150) (92,452) (870,845) — (971,447)
Exercise of common stock options 1,711 855 46,183 — — 47,038
Stock incentive plans:
Shares issued 673 337 (337) — — —
Shares cancelled (242) (121) (17,140) — — (17,261)
Tax effect from the exercise/vesting
of equity awards — — 31,884 — — 31,884
Balance as of February 29, 2016 194,712 $ 97,356 $ 1,130,822 $ 1,746,804 $ (70,196) $ 2,904,786
See accompanying notes to consolidated financial statements.