Garmin 2001 Annual Report Download - page 37

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Garmin Ltd. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
(In Thousands, Except Per Share Information)
Accumulated
Additional Other
Common Stock Paid-In Retained Comprehensive
Shares Dollars Capital Earnings Loss Total
Balance at December 26, 1998 55,555 $ 555 $ 17,585 $132,247 $(14,447) $135,940
Net income – – – 64,167 – 64,167
Translation adjustment – – – – 2,022 2,022
Comprehensive income 66,189
Cash dividend ($0.13 per share) – – – (7,530) – (7,530)
80% stock dividend 44,445 445 12,008 (12,453) – –
Balance at December 25, 1999 100,000 1,000 29,593 176,431 (12,425) 194,599
Net income – – – 105,663 – 105,663
Translation adjustment – – – – (10,483) (10,483)
Comprehensive income 95,180
Cash dividend ($0.29 per share) – – – (28,954) – (28,954)
Issuance of common stock in initial
public offering, net of offering costs 8,242 82 104,332 – – 104,414
Balance at December 30, 2000 108,242 1,082 133,925 253,140 (22,908) 365,239
Net income – – – 113,448 –113,448
Translation adjustment – – – – (15,519) (15,519)
Adjustment related to effective
portion of cash flow hedges,
net of deferred taxes of $579 – – – – (900) (900)
Comprehensive income 97,029
Issuance of common stock from
exercise of stock options 51 70 ––71
Issuance of common stock through
stock purchase plan 123 1 1,463 ––1,464
Purchase and retirement of
common stock (595) (6) (8,327) (1,501) – (9,834)
Balance at December 29, 2001 107,775 $1,078 $127,131 $365,087 $(39,327) $453,969
See accompanying notes.
36