Dollar General 2009 Annual Report Download - page 72

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DOLLAR GENERAL CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands except per share amounts)
Retained Accumulated
Common Additional Earnings Other Other
Stock Common Paid-in (Accumulated Comprehensive Shareholders’
Shares Stock Capital Deficit) Loss Equity Total
Predecessor Balances, February 2, 2007 ........ 312,436 $ 156,218 $ 486,145 $ 1,103,951 $ (987) $ 420 $ 1,745,747
Effect of adoption of accounting standard related to
uncertainty in income taxes ............. — — — (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 (loss):
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 3) .......... (315,030) (157,516) (575,181) (1,071,278) 911 (427) (1,803,491)
Predecessor Balances subsequent to Merger ..... — $ — $ — $ — $ — $ — $ —
Successor capital contribution, net ........... 316,591 $ 277,018 $2,476,958 $ — $ — $ — $ 2,753,976
Comprehensive loss:
Net loss ........................ — — — (4,818) — — (4,818)
Unrealized net loss on hedged transactions, net of
income tax benefit of $29,501 ........... — — — — (49,112) — (49,112)
Comprehensive loss ................... (53,930)
Issuance of common stock under stock incentive
plans .......................... 328 287 (287) — — — —
Issuance of restricted common stock under stock
incentive plans ..................... 509 445 (445) — — — —
Repurchases of common stock ............. (10) (9) 9 — — — —
Share-based compensation expense .......... — — 3,827 — — — 3,827
Successor Balances, February 1, 2008 ......... 317,418 $ 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, net
of income tax expense of $4,518 ......... — — — — 9,682 — 9,682
Comprehensive income ................. 117,864
Issuance of common stock under stock incentive
plans .......................... 484 423 (423) — — — —
Repurchases of common stock ............. (57) (50) 50 — — — —
Share-based compensation expense .......... — — 9,958 — — — 9,958
Successor Balances, January 30, 2009 ......... 317,845 $ 278,114 $2,489,647 $ 103,364 $(39,430) $ — $ 2,831,695
Comprehensive income:
Net income ...................... — — — 339,442 — — 339,442
Unrealized net gain on hedged transactions, net
of income tax expense of $2,553 ......... — — — — 5,263 — 5,263
Comprehensive income ................. 344,705
Issuance of common stock ............... 22,700 19,863 421,299 — — — 441,162
Cash dividends, $0.7525 per common share, and
related amounts .................... — — — (239,731) — — (239,731)
Share-based compensation expense .......... — — 15,009 — — — 15,009
Tax benefit from stock option exercises ........ — — 3,072 — — — 3,072
Issuance of common stock under stock incentive
plans .......................... 304 266 2,020 — — — 2,286
Equity settlements under stock incentive plans . . . (263) (230) (7,670) — — — (7,900)
Successor Balances, January 29, 2010 ......... 340,586 $ 298,013 $2,923,377 $ 203,075 $(34,167) $ — $ 3,390,298
The accompanying notes are an integral part of the consolidated financial statements.
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