Frontier Airlines 2010 Annual Report Download - page 77

Download and view the complete annual report

Please find page 77 of the 2010 Frontier Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 169

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169

REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND COMPREHENSIVE INCOME (LOSS)
FOR THE YEARS ENDED DECEMBER 31, 2010, 2009 AND 2008
(In thousands)
Republic Airways Holdings Inc. Stockholders
Accumulated
Other Additional Other
Comprehensive Common Paid-In Treasury Comprehensive Accumulated Noncontrolling
Income (Loss) Stock Capital Stock Loss Earnings Interest Total
Balance at
January 1, 2008 $ 43 $293,12
7 $(142,41
1) $(3,009 ) $ 278,336 $
—
$426,08
6
Stock compensation expense 3,925 3,925
Exercise of employee stock options 1 324 325
Net income $ 84,580 84,580 84,580
Treasury stock repurchases (39,409 ) (39,409 )
Reclassification adjustment for loss realized
on derivatives, net of tax 432 432 432
Comprehensive income $ 85,012
Balance at
December 31, 2008 44 297,376 (181,820 ) (2,577 ) 362,916
—
475,939
Stock compensation expense 5,151 5,151
Decrease in Republic's APIC for purchase of
Mokulele Flight Services, Inc. common stock
from noncontrolling interest (3,270 ) 3,270
—
Net income $ 36,385 39,655 (3,270 ) 36,385
Reclassification adjustment for loss realized
on derivatives, net of tax 405 405 405
Comprehensive income $ 36,790
Balance at
December 31, 2009 44 299,257 (181,820 ) (2,172 ) 402,571
—
517,880
Stock compensation expense 4,143 4,143
Exercise of employee stock options 1 128 129
Common stock offering, net 13 101,913 101,926
Net loss $ (13,846 ) (13,846 )
—
(13,846 )
Treasury stock repurchases (7 ) (7 )
Pension and other postretirement plans, net of
tax (933 ) (933 ) (933 )
Reclassification adjustment for loss realized
on derivatives, net of tax 391 391 391
Comprehensive loss $ (14,388 )
Balance at
December 31, 2010 $ 58 $405,44
1 $(181,82
7) $(2,714 ) $ 388,725 $
—
$609,68
3
See accompanying notes to consolidated financial statements.
49