Garmin 2005 Annual Report Download - page 81

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51
Garmin Ltd. And Subsidiaries
Consolidated Statements of Stockholders' Equity
(In Thousands, Except Share and Per Share Information)
Accumulated
Additional Other
Common Stock Paid-In Retained Comprehensive
Shares Dollars Capital Earnings Gain/(Loss) Total
Balance at December 28, 2002 107,919 $1,080 $129,431 $507,884 ($35,896) $602,499
Net income – – – 178,634 178,634
Translation adjustment – – – – 15,006 15,006
Adjustment related to effective
portion of cash flow hedges less
reclassification adjustment, net of
income tax effects of $408 – – – – 638 638
Adjustment related to unrealized
gains (losses) on available-for-sale
securities, net of income tax effects
of $357 – – – – 1,234 1,234
Comprehensive income 195,512
Dividends paid – – (31,126) (22,914) – (54,040)
Tax benefit from exercise of employee
stock options – – 1,458 – – 1,458
Issuance of common stock from
exercise of stock options 176 2 2,454 – – 2,456
Issuance of common stock through
stock purchase plan 71 – 1,805 – – 1,805
Balance at December 27, 2003 108,166 1,082 104,022 663,604 (19,018) 749,690
Net income – – – 205,700 205,700
Translation adjustment – – – – 33,040 33,040
Adjustment related to unrealized
gains (losses) on available-for-sale
securities, net of income tax effects
of $1,260 – – – – (3,407) (3,407)
Comprehensive income 235,333
Dividends paid – – – (54,095) – (54,095)
Tax benefit from exercise of employee
stock options – – 1,980 – – 1,980
Issuance of common stock from
exercise of stock options 202 2 3,438 – – 3,440
Purchase and retirement of
common stock (100) (1) (3,181) – – (3,182)
Issuance of common stock through
stock purchase plan 59 1 2,690 – – 2,691
Balance at December 25, 2004 108,327 1,084 108,949 815,209 10,615 935,857
Net income – – – 311,219 – 311,219
Translation adjustment – – – – (20,768) (20,768)
Adjustment related to unrealized
gains (losses) on available-for-sale
securities, net of income tax effects
of $533,000 – – – – (2,360) (2,360)
Comprehensive income 288,091
Dividends paid – – – (53,974) – (53,974)
Tax benefit from exercise of employee
stock options – – 3,328 – – 3,328
Issuance of common stock from
exercise of stock options 322 3 6,863 – – 6,866
Stock appreciation rights –925 925
Purchase and retirement of
common stock (638) (7) (26,646) – – (26,653)
Issuance of common stock through
stock purchase plan 56 1 2,823 – – 2,824
Balance at December 31, 2005 108,067 $1,081 $96,242 $1,072,454 ($12,513) $1,157,264
See accompanying notes.