Health Net 2000 Annual Report Download - page 34

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32 HEALTH NET 2000 Annual Report
Accumulated
Common Stock Other
Held in Treasury Retained Comprehensive
(Amounts in thousands) Shares Amount Earnings Income (Loss) Total
Balance at January 1, 1998 (3,194) $(95,831) $370,394 $(7,324) $895,974
Comprehensive income (loss):
Net loss (165,158) (165,158)
Change in unrealized depreciation
on investments, net of tax of $11 16 16
Total comprehensive income (loss) ––(165,158) 16 (165,142)
Exercise of stock options including
related tax benefit 9,585
Conversion of Class B to Class A –
Employee stock purchase plan 3,625
Balance at December 31, 1998 (3,194) (95,831) 205,236 (7,308) 744,042
Comprehensive income:
Net income 142,365 142,365
Change in unrealized depreciation
on investments, net of tax of $2,159 3,239 3,239
Total comprehensive income ––142,365 3,239 145,604
Exercise of stock options including
related tax benefit –
Conversion of Class B to Class A –
Employee stock purchase plan 1,553
Balance at December 31, 1999 (3,194) (95,831) 347,601 (4,069) 891,199
Comprehensive income:
Net income 163,623 163,623
Change in unrealized depreciation
on investments, net of tax of $343 515 515
Total comprehensive income ––163,623 515 164,138
Exercise of stock options including
related tax benefit 4,683
Conversion of Class B to Class A –
Employee stock purchase plan 1,111
Balance at December 31, 2000 (3,194) $(95,831) $511,224 $(3,554) $1,061,131
See accompanying notes to consolidated financial statements.
Consolidated Statements of Stockholders’Equity (continued)
Health Net, Inc.