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64
DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands except per share amounts)
Common
Stock
Shares
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Loss
Other
Shareholders’
Equity Total
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)
Reversal of unearned compensation upon
adoption of SFAS 123(R) (see Note 10)
(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)
(365)
20
-
40
(364)
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
-
$ -
$ -
$ -
$ -
$ -
$ -
Successor capital contribution, net
554,035
$277,018
$2,476,958
$ -
$ -
$ -
$2,753,976
Comprehensive loss:
Net loss
-
-
-
(4,818)
-
-
(4,818)
Unrealized net loss on hedged transactions - - - - (49,112) -
(49,112)
Comprehensive loss
(53,930)
Issuance of common stock under stock
incentive plans
574
287
(287)
-
-
-
-
Issuance of restricted common stock under
stock incentive plans 890 445 (445) - - - -
Repurchases of common stock
(17)
(9)
9
-
-
-
-
Share-based compensation expense
-
-
3,827
-
-
-
3,827
Successor Balances, February 1, 2008
555,482
$277,741
$2,480,062
$ (4,818)
$ (49,112)
$ -
$2,703,873
Comprehensive income:
Net income
-
-
-
108,182
-
-
108,182
Unrealized net gain on hedged transactions - - - - 9,682 -
9,682
Comprehensive income
117,864
Issuance of common stock under stock
incentive plans 846 423 (423) - - - -
Repurchases of common stock
(100)
(50)
50
-
-
-
-
Share-based compensation expense
-
-
9,958
-
-
-
9,958
Successor Balances, January 30, 2009 556,228 $278,114 $2,489,647 $ 103,364 $ (39,430) $ - $2,831,695
The accompanying notes are an integral part of the consolidated financial statements.