GNC 2010 Annual Report Download - page 78

Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
Consolidated Statement of Stockholder's Equity and Comprehensive Income (Loss)
(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, 2006 100 $ — $ 261,899 $ 49,108 $ 1,324 $ 312,331
Comprehensive income (loss):
Net loss — — — (51,314) — (51,314)
Foreign currency translation adjustments — — — — (283) (283)
Comprehensive loss (51,597)
Adoption of FIN 48 — — — (418) — (418)
Cancellation of stock options — — (47,018) — — (47,018)
Non-cash stock-based compensation — — 4,124 — — 4,124
Capital contribution from selling shareholder — — 463,393 — — 463,393
Balance at March 15, 2007 100 $ — $ 682,398 $ (2,624) $ 1,041 $ 680,815
Successor
Comprehensive income (loss):
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
Comprehensive income 18,132
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
Balance at December 31, 2007 100 $ — $ 590,593 $ 18,984 $ (852) $ 608,725
Comprehensive income (loss):
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)
Comprehensive income 41,575
Return of capital to GNC Corporation — — (832) — — (832)
Non-cash stock-based compensation — — 2,594 — — 2,594
Balance at December 31, 2008 100 $ — $ 592,355 $ 73,764 $ (14,057) $ 652,062
Comprehensive income (loss):
Net income — — — 69,619 — 69,619
Unrealized gain on derivatives designated and qualified as cash flow
hedges, net of tax of $1,537 — — — — 2,686 2,686
Foreign currency translation adjustments — — — — 4,172 4,172
Comprehensive income 76,477
Return of capital to GNC Corporation — — (278) — — (278)
Non-cash stock-based compensation — — 2,855 — — 2,855
Dividend payment — — — (13,600) — (13,600)
Balance at December 31, 2009 100 $ — $ 594,932 $129,783 $ (7,199) $ 717,516
The accompanying notes are an integral part of the consolidated financial statements.
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