GNC 2008 Annual Report Download - page 71

Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
Consolidated Statement of Stockholder's Equity
(in thousands, except share data)
Accumulated
Other Total
Common Stock Retained Comprehensive Stockholder's
Predecessor Shares Dollars Paid-in-Capital Earnings Income/(Loss) Equity
Balance at December 31, 2004 100 — $ 278,258 $ 43,001 $ 1,163 $ 322,422
GNC Corporation investment in General Nutrition Centers, Inc — — (901) — — (901)
Non-cash stock-based compensation — — 632 — — 632
Net income — — — 18,666 — 18,666
Foreign currency translation adjustments — — — — 61 61
Balance at December 31, 2005 100 $ — $ 277,989 $ 61,667 $ 1,224 $ 340,880
GNC Corporation investment in General Nutrition Centers, Inc — — (18,618) — — (18,618)
Non-cash stock-based compensation — — 2,528 — — 2,528
Net income — — — 37,375 — 37,375
Restricted payment made by General Nutrition Centers, Inc. to GNC
Corporation Common Stockholders — — — (49,934) — (49,934)
Foreign currency translation adjustments — — — — 100 100
Balance at December 31, 2006 100 $ — $ 261,899 $ 49,108 $ 1,324 $ 312,331
Adoption of FIN 48 — — — (418) — (418)
Cancellation of stock options — — (47,018) — — (47,018)
Non-cash stock-based compensation — — 4,124 — — 4,124
Net loss — — — (51,314) — (51,314)
Foreign currency translation adjustments — — — — (283) (283)
Capital contribution from selling shareholder — — 463,393 — — 463,393
Balance at March 15, 2007 100 $ — $ 682,398 $ (2,624) $ 1,041 $ 680,815
Successor
GNC Corporation investment in General Nutrition Centers, Inc 100 — 589,000 — — 589,000
Return of capital to GNC Corporation — — (314) — — (314)
Non-cash stock-based compensation — — 1,907 — — 1,907
Net income — — — 18,984 — 18,984
Unrealized loss on derivatives designated and qualified as cash flow
hedges, net of tax of $2,051 — — — — (3,584) (3,584)
Foreign currency translation adjustments — — — — 2,732 2,732
Balance at December 31, 2007 100 $ — $ 590,593 $ 18,984 $ (852) $ 608,725
The accompanying notes are an integral part of the consolidated financial statements.
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