Classmates.com 2003 Annual Report Download - page 45

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The accompanying notes are an integral part of these consolidated financial statements.
F-4
UNITED ONLINE, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(in thousands)
Total operating expenses
153,099
255,574
221,461
272,304
Operating income (loss)
32,639
21,721
(53,946
)
(215,087
)
Interest income, net
2,407
4,290
5,070
9,331
Other income, net
—
—
1,066
—
Income (loss) before income taxes
35,046
26,011
(47,810
)
(205,756
)
Provision (benefit) for income taxes
1,719
(1,781
)
—
—
Net income (loss)
$
33,327
$
27,792
$
(47,810
)
$
(205,756
)
Unrealized gain (loss) on short-term investments, net of
tax
(796
)
1,429
148
867
Comprehensive income (loss)
$
32,531
$
29,221
$
(47,662
)
$
(204,889
)
Net income (loss) per share
—
basic
$
0.52
$
0.45
$
(0.90
)
$
(6.03
)
Net income (loss) per share
—
diluted
$
0.48
$
0.41
$
(0.90
)
$
(6.03
)
Shares used to calculate basic net income (loss) per share
64,163
61,688
53,309
34,112
Shares used to calculate diluted net income (loss) per share
69,504
67,074
53,309
34,112
Common Stock
Notes
Receivable
From
Stockholders
Accumulated
Other
Comprehensive
Income
Additional
Paid-In
Capital
Deferred
Stock-Based
Charges
Accumulated
Deficit
Total
Stockholders'
Equity
Shares
Amount
Balance at July 1, 2000
35,015
$
4
$
405,961
$
(799
)
$
(12,821
)
$
—
$
(
106,611
)
$
285,734
Issuance of common stock and
warrants for marketing agreements
150
—
2,954
— (
2,873
) — —
81
Issuance of common stock through
employee stock purchase plan
147
—
431
—
—
—
—
431
Exercises of stock options
76
—
84
— — — —
84
Repurchases of option shares exercised
(74
) — (
61
) — — — — (
61
)
Issuance of common stock for
acquisitions
1,821
—
38,320
— — — —
38,320
Issuance of restricted common stock
for acquisition
440
—
11,482
—
(
11,482
)
—
—
—
Deferred stock-based charges — —
7,828
— (
7,828
) — — —
Issuance of restricted shares to
employees
144
—
—
—
—
—
—
—
Stock-based charges — — — —
19,287
— —
19,287
Cancellation of previously issued
equity awards — — (
6,009
) —
6,009
— — —
Unrealized gain on short-term
investments, net of tax — — — — —
867
—
867
Interest earned on notes receivable
from stockholders
—
—
—
(
30
)
—
—
—
(
30
)
Net loss
— — — — — — (
205,756
)
(205,756
)
Balance at June 30, 2001
37,719
4
460,990
(829
)
(9,708
)
867
(312,367
)
138,957
Issuance of common stock through
employee stock purchase plan
358
—
516
— — — —
516
Exercises of stock options
1,640
—
3,630
(700
) — — —
2,930
Repurchases of option shares exercised
(35
)
—
(
35
)
—
—
—
—
(
35
)
Issuance of common stock and options