Health Net 2005 Annual Report Download - page 93

HEALTH NET, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Amounts in thousands)
Common Stock Restricted
Common
Stock
Unearned
Compensation
Additional
Paid-In
Capital
Common Stock
Held in Treasury Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) Income TotalShares Amount Shares Amount
Balance as of January 1, 2003 .......................................... 130,506 $131 $1,913 $(1,441) $730,495 (9,864) $(259,513) $ 817,746 $ 11,085 $1,300,416 Comprehensive income:
Net income .................................................... 234,030 234,030 Minimum pension liability adjustment ............................... (469) (469) Change in unrealized appreciation on investments, net of tax benefit of
$6,852 ...................................................... (10,347) (10,347)
Total comprehensive income .......................................... 223,214 Exercise of stock options including related tax benefit ...................... 2,687 2 57,130 57,132
Repurchases of common stock ......................................... (10,130) (289,589) (289,589) Issuance of restricted stock ............................................ 190 4,661 (4,661) — Amortization of restricted stock grants ................................... 2,107 2,107 Lapse of restrictions of restricted stock grants ............................. (689) 689 —
Employee stock purchase plan ......................................... 38 945 945
Balance as of December 31, 2003 ....................................... 133,421 133 5,885 (3,995) 789,259 (19,994) (549,102) 1,051,776 269 1,294,225 Comprehensive income:
Net income .................................................... 42,604 42,604 Minimum pension liability adjustment ............................... 66 66 Change in unrealized appreciation on investments, net of tax benefit of
$2,217 ...................................................... (3,413) (3,413)
Total comprehensive income .......................................... 39,257 Exercise of stock options including related tax benefit ...................... 897 1 20,178 20,179 Repurchases of common stock ......................................... (3,179) (83,824) (83,824) Issuance of restricted stock ............................................ 96 2,388 (2,388) — Forfeiture of restricted stock ........................................... (15) (374) 374 — Amortization of restricted stock grants ................................... 1,899 1,899 Lapse of restrictions of restricted stock grants ............................. (711) 711 —
Employee stock purchase plan ......................................... 51 1,144 1,144
Balance as of December 31, 2004 ....................................... 134,450 134 7,188 (4,110) 811,292 (23,173) (632,926) 1,094,380 (3,078) 1,272,880 Comprehensive income:
Net income .................................................... 229,785 229,785 Minimum pension liability adjustment ............................... 32 32 Change in unrealized depreciation on investments, net of tax benefit of
$6,609 ...................................................... (10,341) (10,341)
Total comprehensive income .......................................... 219,476 Exercise of stock options including related tax benefit ...................... 3,411 3 94,106 94,109
Repurchases of common stock ......................................... (9) (449) (449)
Issuance of restricted stock ............................................ 30 869 (869) — Forfeiture of restricted stock ........................................... (13) (345) 345 — Amortization of restricted stock grants ................................... 2,497 2,497 Lapse of restrictions of restricted stock grants ............................. (829) 829 —
Employee stock purchase plan ......................................... 20 562 562
Balance as of December 31, 2005 ....................................... 137,898 $137 $6,883 $(2,137) $906,789 (23,182) $(633,375) $1,324,165 $(13,387) $1,589,075
See accompanying notes to consolidated financial statements.
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