Dollar General 2007 Annual Report Download - page 58

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56
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands except per share amounts)
Common
Stock
Shares
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Other
Shareholders’
Equity Total
Predecessor Balances, January 28, 2005 328,172 $ 164,086 $ 421,600 $1,102,457 $ (973) $ (2,705) $1,684,465
Comprehensive income:
Net income - - - 350,155 - - 350,155
Reclassification of net loss on derivatives - - - - 179 - 179
Comprehensive income 350,334
Cash dividends, $0.175 per common share - - - (56,183) - - (56,183)
Issuance of common stock under stock
incentive plans 2,249 1,125 28,280 - - - 29,405
Tax benefit from stock option exercises - - 6,457 - - - 6,457
Repurchases of common stock (14,977) (7,489) - (290,113) - - (297,602)
Sales of common stock by employee deferred
compensation trust, net (42 shares) - - 95 - - 788 883
Issuance of restricted stock and restricted stock
units, net 249 125 5,151 - - (5,276) -
Amortization of unearned compensation on
restricted stock and restricted stock units - - - - - 2,394 2,394
Acceleration of vesting of stock options (see
Note 9) - - 938 - - - 938
Other equity transactions (14) (7) (138) (151) - - (296)
Predecessor Balances, February 3, 2006 315,679 $ 157,840 $ 462,383 $1,106,165 $ (794) $ (4,799) $1,720,795
Comprehensive income:
Net income - - - 137,943 - - 137,943
Reclassification of net loss on derivatives - - - - 188 - 188
Comprehensive income 138,131
Cash dividends, $0.20 per common share - - - (62,472) - - (62,472)
Issuance of common stock under stock
incentive plans 1,573 786 19,108 - - - 19,894
Tax benefit from share-based payments - - 2,513 - - - 2,513
Repurchases of common stock (4,483) (2,242) - (77,705) - - (79,947)
Purchases of common stock by employee
deferred compensation trust, net (3 shares) - - (2) - - 40 38
Reversal of unearned compensation upon
adoption of SFAS 123(R) (see Note 9) (364) (182) (4,997) - - 5,179 -
Share-based compensation expense - - 7,578 - - - 7,578
Vesting of restricted stock and restricted stock
units 149 75 (75) - - - -
Transition adjustment upon adoption of
SFAS 158 - - - - (381) - (381)
Other equity transactions (118) (59) (363) 20 - - (402)
Predecessor Balances, February 2, 2007 312,436 $ 156,218 $ 486,145 $1,103,951 $ (987) $ 420 $1,745,747
Adoption of FIN 48 - - - (8,917) - - (8,917)
Predecessor Balances as adjusted, February 2,
2007 312,436 156,218 486,145 1,095,034 (987) 420 1,736,830
Comprehensive income:
Net loss - - - (7,998) - - (7,998)
Reclassification of net loss on derivatives - - - - 76 - 76
Comprehensive loss - - - - - - (7,922)
Cash dividends, $0.05 per common share - - - (15,710) - - (15,710)
Issuance of common stock under stock
incentive plans 2,496 1,248 40,294 - - - 41,542
Tax benefit from stock option exercises - - 3,927 - - - 3,927
Share-based compensation expense - - 45,458 - - - 45,458
Vesting of restricted stock and restricted stock
units 126 63 (63) - - - -
Other equity transactions (28) (13) (580) (48) - 7 (634)
Elimination of Predecessor equity in
connection with Merger (see Notes 1 and 2) (315,030) (157,516) (575,181) (1,071,278) 911 (427) (1,803,491)
Predecessor Balances subsequent to Merger $ - $ - $ - $ - $ - $ - $ -