Family Dollar 2010 Annual Report Download - page 42

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FAMILY DOLLAR STORES, INC., AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Years Ended August 28, 2010, August 29, 2009, and August 30, 2008
(in thousands, except per share
and share amounts)
Common
stock
Capital in
excess of par
Retained
earnings
Accumulated
other
comprehensive
loss
Treasury
stock Total
Balance, September 1, 2007
(179,886,234 shares common stock;
36,541,942 shares treasury stock) .................. $17,989 $187,855 $1,722,859 $ — $(754,062) $1,174,641
ASC 740 Adoption .................................. 912 912
Balance as adjusted, September 1, 2007 ................. 17,989 187,855 1,723,771 — (754,062) 1,175,553
Net income for the year .............................. 233,073 233,073
Unrealized loss on investment securities
(net of $3.0 million of taxes) ........................ (4,862) (4,862)
Comprehensive income .............................. 228,211
Issuance of 65,014 common shares under
incentive plans, including tax benefits ................. 6 201 207
Purchase of 3,719,054 common shares for treasury ........ (97,674) (97,674)
Issuance of 14,290 shares of treasury under
incentive plan (Director compensation) ................ (56) 302 246
Retirement of 35,818,927 shares of
treasury stock .................................... (3,582) (37,408) (717,655) 758,645 —
Stock-based compensation ............................ 16,077 16,077
Dividends on common stock, $.49 per share .............. (68,537) (68,537)
Balance, August 30, 2008
(139,704,542 shares common stock;
4,427,779 shares treasury stock) ................... 14,413 166,669 1,170,652 (4,862) (92,789) 1,254,083
Net income for the year .............................. 291,266 291,266
Unrealized gains (losses) on investment securities
(net of $2.5 million of taxes) ........................ (4,626) (4,626)
Reclassification adjustment for (gains) losses
realized in net income (net of $0.3 million of taxes) ...... 528 528
Comprehensive income .............................. 287,168
Issuance of 1,353,413 common shares
under incentive plans, including tax benefits ............ 136 31,450 31,586
Purchase of 2,271,528 common shares for treasury ........ (71,067) (71,067)
Issuance of 9,405 shares of treasury stock
under incentive plans (Director compensation) .......... 197 73 270
Stock-based compensation ............................ 12,033 12,033
Dividends on common stock, $.53 per share .............. (74,013) (74,013)
Balance, August 29, 2009
(138,795,832 shares common stock;
6,689,902 shares treasury stock) ................... 14,549 210,349 1,387,905 (8,960) (163,783) 1,440,060
Net income for the year .............................. 358,135 358,135
Unrealized gains (losses) on investment securities
(net of $1.2 million of taxes) ........................ 1,914 1,914
Comprehensive income .............................. 360,049
Issuance of 1,010,503 common shares
under incentive plans, including tax benefits ............ 101 21,045 21,146
Purchase of 9,370,908 common shares for treasury ........ (332,189) (332,189)
Issuance of 17,532 shares of treasury stock
under incentive plans (Director compensation) .......... 95 445 540
Stock-based compensation ............................ 12,342 12,342
Dividends on common stock, $.60 per share .............. (80,394) (80,394)
Balance, August 28, 2010
(130,452,959 shares common stock;
16,043,278 shares treasury stock) .................. $14,650 $243,831 $1,665,646 $(7,046) $(495,527) $1,421,554
The accompanying notes are an integral part of the consolidated financial statements.
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