Garmin 2008 Annual Report Download - page 79

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57
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 31, 2005 216,134 $1,081 $96,242 $1,072,454 ($12,513) $1,157,264
Net income – – – 514,123 – 514,123
Translation adjustment – – – – 7,525 7,525
Adjustment related to unrealized
gains (losses) on available-for-sale
securities, net of income tax effects
of $355 – – – – (287) (287)
Comprehensive income 521,361
Dividends paid – – – (107,923) – (107,923)
Tax benefit from exercise of employee
stock options – – 9,660 – – 9,660
Issuance of common stock from
exercise of stock options 994 6 12,499 – – 12,505
Stock appreciation rights – – 11,913 – – 11,913
Purchase and retirement of
common stock (1,155) (6) (50,444) – – (50,450)
Issuance of common stock through
stock purchase plan 125 1 3,568 – – 3,569
Balance at December 30, 2006 216,098 $1,082 $83,438 $1,478,654 ($5,275) $1,557,899
Net income – – – 855,011 – 855,011
Translation adjustment –– – – 992 992
Adjustment related to unrealized
gains (losses) on available-for-sale
securities, net of income tax effects
of $31 – – – – 50,413 50,413
Comprehensive income 906,415
Dividends paid – – – (162,531) – (162,531)
Tax benefit from exercise of employee
stock options – – 17,434 – – 17,434
Issuance of common stock from
exercise of stock options 819 4 11,278 – – 11,282
Stock appreciation rights – – 22,164 – – 22,164
Purchase and retirement of
common stock (57) – (7,780) – – (7,780)
Issuance of common stock through
stock purchase plan 120 – 5,730 – – 5,730
Balance at December 29, 2007 216,980 $1,086 $132,264 $2,171,134 $46,130 $2,350,614
Net income – – – 732,848 – 732,848
Translation adjustment – – (3,053) (1,595) (14,991) (19,639)
Adjustment related to unrealized
gains (losses) on available-for-sale
securities, net of income tax effects
of $122 – – – – (68,790) (68,790)
Comprehensive income 644,419
Dividends paid – – – (150,251) – (150,251)
Tax benefit from exercise of employee
stock options – – 2,143 – – 2,143
Issuance of common stock from
exercise of stock options 158 2 2,873 – – 2,875
Stock appreciation rights – – 38,872 – – 38,872
Purchase and retirement of
common stock (17,138) (86) (182,128) (489,633) – (671,847)
Issuance of common stock through
stock purchase plan 363 – 9,029 – – 9,029
Balance at December 27, 2008 200,363 $1,002 $– $2,262,503 ($37,651) $2,225,854
See accompanying notes.