Harris Teeter 2007 Annual Report Download - page 35

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31
STATEMENTS OF CONSOLIDATED SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
RUDDICK CORPORATION AND SUBSIDIARIES
(dollars in thousands, except share and per share amounts)
Common Stock
Shares
(No Par Value)
Common
Stock
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total
Shareholders’
Equity
Comprehensive
Income
Balance at October 3, 2004 . . . . . . . . . . . . . . . . . 46,730,758 $ 56,634 $ 535,188 $(42,112 ) $ 549,710
Exercise of stock options, including tax
benefits of $1,399 . . . . . . . . . . . . . . . . . . . . . 684,911 12,976 — — 12,976
Directors’ stock plan . . . . . . . . . . . . . . . . . . . . . . — 24 — — 24
Restricted Stock Awards . . . . . . . . . . . . . . . . . . . 73,310 924 — — 924
Net earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 68,598 — 68,598 $ 68,598
Dividends ($0.44 a share) . . . . . . . . . . . . . . . . . . — — (20,833 ) — (20,833 )
Foreign currency translation adjustment (net
of $52 for tax) . . . . . . . . . . . . . . . . . . . . . . . . — — — 486 486 486
Pension liability adjustment
(net of tax benefit of $2,157) . . . . . . . . . . . . — — — (2,943 ) (2,943 ) (2,943 )
Balance at October 2, 2005 . . . . . . . . . . . . . . . . . 47,488,979 70,558 582,953 (44,569 ) 608,942 $ 66,141
Exercise of stock options, including tax
benefits of $914 . . . . . . . . . . . . . . . . . . . . . . 313,814 5,597 — — 5,597
Directors’ stock plan . . . . . . . . . . . . . . . . . . . . . . — 2 — — 2
Share-Based Compensation . . . . . . . . . . . . . . . . 153,692 2,545 — — 2,545
Shares effectively purchased and retired
for withholding taxes . . . . . . . . . . . . . . . . . . (3,591 ) (74 ) — — (74 )
Shares purchased and retired . . . . . . . . . . . . . . . (395,000 ) (7,899 ) — — (7,899 )
Net earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 72,336 — 72,336 $ 72,336
Dividends ($0. 44 a share) . . . . . . . . . . . . . . . . . . — — (20,867 ) — (20,867 )
Foreign currency translation adjustment (net
of $216 for tax) . . . . . . . . . . . . . . . . . . . . . . . — — — 1,301 1,301 1,301
Pension liability adjustment
(net of $5,668 for tax) . . . . . . . . . . . . . . . . . . — — — 8,634 8,634 8,634
Balance at October 1, 2006 . . . . . . . . . . . . . . . . . 47,557,894 70,729 634,422 (34,634 ) 670,517 $ 82,271
Exercise of stock options, including tax
benefits of $1,820 . . . . . . . . . . . . . . . . . . . . . 400,262 7,531 — — 7,531
Directors’ stock plan . . . . . . . . . . . . . . . . . . . . . . — 1 — — 1
Share-Based Compensation . . . . . . . . . . . . . . . . 184,365 3,853 — — 3,853
Shares effectively purchased and retired for
withholding taxes . . . . . . . . . . . . . . . . . . . . . (15,269 ) (437 ) — — (437 )
Net earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 80,688 — 80,688 $ 80,688
Dividends ($0.44 a share) . . . . . . . . . . . . . . . . . . — — (21,118 ) — (21,118 )
Foreign currency translation adjustment (net
of $298 for tax) . . . . . . . . . . . . . . . . . . . . . . . — — — 3,617 3,617 3,617
Pension liability adjustment
(net of $10,774 for tax) . . . . . . . . . . . . . . . . . — — — 16,881 16,881 16,881
Impact of SFAS 158 Adoption
(net of tax benefit of $16,072) . . . . . . . . . . . — — — (24,923 ) (24,923 ) —
Balance at September 30, 2007 . . . . . . . . . . . . . . 48,127,252 $ 81,677 $ 693,992 $(39,059 ) $ 736,610 $ 101,186
See Notes to Consolidated Financial Statements