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Table of Contents
UNITED ONLINE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
8. STOCKHOLDERS' EQUITY (Continued)
In January, April and July 2008, United Online, Inc.'s Board of Directors declared quarterly cash dividends of $0.20 per share of common
stock. The dividends were paid on February 29, May 30, and August 29, 2008 and totaled $14.6 million, $14.9 million, and $14.9 million,
respectively. Following the closing of the FTD acquisition, United Online, Inc.'s Board of Directors decreased the cash dividend from $0.20 per
share of common stock to $0.10 per share of common stock. In October 2008, United Online, Inc.'s Board of Directors declared a quarterly cash
dividend of $0.10 per share of common stock. The dividend was paid on November 28, 2008 and totaled $8.7 million.
In January, April, July, and October 2009, United Online, Inc.'s Board of Directors declared quarterly cash dividends of $0.10 per share of
common stock. The dividends were paid on February 27, May 29, August 31, and November 30, 2009 and totaled $8.8 million, $9.1 million,
$9.2 million, and $9.1 million, respectively.
In February 2010, United Online, Inc.'s Board of Directors declared a quarterly cash dividend of $0.10 per share of common stock. The
record date was February 14, 2010 and the dividend will be paid on February 26, 2010.
The payment of future dividends is discretionary and is subject to determination by United Online, Inc.'s Board of Directors each quarter
following its review of the Company's financial performance and other factors. Dividends are declared and paid out of the Company's surplus, as
defined and computed in accordance with the General Corporation Law of the State of Delaware.
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss) was as follows (in thousands):
9. STOCK-BASED COMPENSATION PLANS
The Company has four active equity plans, under three of which, in general, it is authorized to grant stock options, stock awards and
restricted stock units.
Restricted stock units granted to employees generally vest over a one- to four-year period under a variety of vesting schedules and are
canceled upon termination of employment. Restricted stock units granted to non-employee directors generally vest annually over a one-year
period.
F-30
Change in
unrealized
gain (loss) on
short-term
investments,
net of tax
Change in
unrealized
gain (loss) on
derivatives,
net of tax
Foreign
currency
translation
Accumulated
Other
Comprehensive
Income (Loss)
Balance at January 1, 2007
$
(128
)
$
—
$
(
117
)
$
(245
)
Current period change
285
—
142
427
Balance at December 31, 2007
157
—
25
182
Current period change
(157
)
(242
)
(46,802
)
(47,201
)
Balance at December 31, 2008
—
(
242
)
(46,777
)
(47,019
)
Current period change
—
—
20,056
20,056
Balance at December 31, 2009
$
—
$
(
242
)
$
(26,721
)
$
(26,963
)