GNC 2009 Annual Report Download - page 73
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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
Shares Dollars Paid-in-Capital Earnings Income/(Loss) Equity
Predecessor
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 currenty 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 currenty translation adjustments — — — — 2,732 2,732
Balance at December 31, 2007 100 $ — $ 590,593 $ 18,984 $ (852) $ 608,725
Return of capital to GNC Corporation — — (832) — — (832)
Non-cash stock-based compensation — — 2,594 — — 2,594
Net income — — — 54,780 — 54,780
Unrealized loss on derivatives designated and qualified as cash flow
hedges, net of tax of $4,829 — — — — (8,438) (8,438)
Foreign currency translation adjustments — — — — (4,767) (4,767)
Balance at December 31, 2008 100 $ — $ 592,355 $ 73,764 $ (14,057) $ 652,062
The accompanying notes are an integral part of the consolidated financial statements.
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