Harman Kardon 2007 Annual Report Download - page 56

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Consolidated Statements of Shareholders’ Equity and Comprehensive Income
Harman International Industries, Incorporated and Subsidiaries
Years Ended June 30, 2007, 2006 and 2005
Common Stock
Accumulated
Total
Number
$0.01
Additional
other
share
-
of
Par
paid
-
in
comprehensive
Retained
Treasury
holder
s’
($000s omitted)
shares
V
alue
capital
income (loss)
earnings
stock
equity
Balance, June 30, 2004 66,090,022 $ 789 355,477 27,979 662,602 (171,851) 874,996
Comprehensive income:
Net income — — — — 232,848 — 232,848
Foreign currency
translation adjustment — —
— (3,477) — — (3,477)
Unrealized gain on
hedging derivatives — —
— 13,369 — — 13,369
Minimum pension liability — — — (6,768) — — (6,768)
Total comprehensive
income — —
— 3,124 232,848 — 235,972
Exercise of stock options,
net of shares received 2,250,422 22 11,256 — — — 11,278
Tax benefit attributable to
stock options plan — — 74,107 — — — 74,107
Stock option compensation — — 14,318 — — — 14,318
Treasury shares
purchased (1,677,900) — — — — (146,369) (146,369)
Dividends ($.05 per share) — — — — (3,354) — (3,354)
Balance, June 30, 2005 66,662,544 $ 811 455,158 31,103 892,096 (318,220) 1,060,948
Comprehensive income:
Net income — — — — 255,295 — 255,295
Foreign currency
translation adjustment — — — 24,578 — — 24,578
Unrealized gain on
hedging derivatives — — — (8,815) — — (8,815)
Minimum pension liability — — — 2,358 — — 2,358
Total comprehensive
income — —
— 18,121 255,295 — 273,416
Exercise of stock options,
net of shares received 1,632,883 16
27,634 — — — 27,650
Tax benefit attributable to
stock option plan — —
45,493 — — — 45,493
Stock option compensation — — 16,586 — — — 16,586
Treasury shares
purchased (2,230,700) —
— — — (192,608) (192,608)
Dividends ($.05 per share) — — — — (3,321) — (3,321)
Balance, June 30, 2006 66,064,727 $ 827 544,871 49,224 1,144,070 (510,828) 1,228,164
Comprehensive income:
Net income — — — — 313,963 — 313,963
Foreign currency
translation adjustment — — — 34,199 — — 34,199
Unrealized gain on
hedging derivatives — — — 2,757 — — 2,757
Minimum pension liability — — — 3,264 — — 3,264
Total comprehensive
income — — — 40,220 313,963 — 354,183
Exercise of stock options,
net of shares received 682,074 7 25,108 — — — 25,115
Tax benefit attributable to
stock option plan — — 10,456 — — — 10,456
Adoption of SFAS No. 158
(net of tax) (7,253) (7,253)
Stock option compensation — — 15,418 — — — 15,418
Treasury shares
purchased (1,507,900) — — — — (128,780) (128,780)
Dividends ($.05 per share) — — — — (3,262) — (3,262)
Balance, June 30, 2007 65,238,901 $ 834 595,853 82,191 1,454,771 (639,608) 1,494,041
See accompanying notes to consolidated financial statements.