Harman Kardon 2008 Annual Report Download - page 63

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Consolidated Statements of Shareholders’ Equity and Comprehensive Income
Harman International Industries, Incorporated and Subsidiaries
Years Ended June 30, 2008, 2007 and 2006
Common Stock
Accumulated Total
Numbe
r
$
0.01 Additional Othe
r
share-
o
f
Pa
r
p
aid-in Com
p
rehensive Retained Treasur
y
holders’
($
000s omitted
)
shares Value ca
p
ital income
(
loss
)
Earnin
g
s Stoc
k
e
q
uit
y
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 loss on
hedging derivatives — — — (8,815) — — (8,815)
Pension liability adjustment — — — 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 options plan — — 45,493 — — — 45,493
Share-based 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
Pension liability adjustment — — — 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)
Share-based 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
Comprehensive income:
Net income — — — — 107,786 — 107,786
Foreign currency
translation adjustment — — — 106,327 — — 106,327
Unrealized loss on
hedging derivatives — — — (818) — — (818)
Pension liability adjustment — — — 3,831 — — 3,831
Total comprehensive
income — — — 109,340 107,786 — 217,126
Exercise of stock options,
net of shares received 503,944 5 (3,157) — — — (3,152)
Tax benefit attributable to
stock option plan — — 5,321 — — — 5,321
Share-based compensation — — 22,634 — — — 22,634
Treasury shares
purchased (7,224,779) — — — — (400,287) (400,287)
Dividends ($.05 per share) — — — — (3,056) — (3,056)
Adoption of FIN 48 — — — — 7,219 — 7,219
Balance, June 30, 2008 58,518,066 $ 839 620,651 191,531 1,566,720 (1,039,895) 1,339,846
See accompanying notes to consolidated financial statements.