Henry Schein 2009 Annual Report Download - page 67

Download and view the complete annual report

Please find page 67 of the 2009 Henry Schein annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 127

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127

See accompanying notes.
55
Shares Amount
Balance, December 30, 2006 - as previously reported ............................ 88,499,321 885$ 614,551$ 808,164$ 47,363$ -$ 1,470,963$
Cumulative impact of adopting ASC Topic 470-20 ................................ - - 19,741 (7,192) - - 12,549
Cumulative impact of adopting ASC Topic 810-10-65
and ASC Topic 480-10 ......................................................................... - - (93,365) - - 3,209 (90,156)
Balance, December 30, 2006 - as adjusted .............................................. 88,499,321 885$ 540,927$ 800,972$ 47,363$ 3,209$ 1,393,356$
Net income (excluding $17,350 attributable to Redeemable
noncontrolling interests) ................................................................... - - - 211,734 - 92 211,826
Foreign currency translation gain (excluding $854 attributable to
Redeemable noncontrolling interests) .............................................. - - - - 48,039 - 48,039
Unrealized gain from foreign currency hedging activities,
net of tax of $603 .............................................................................. - - - - 1,071 - 1,071
Pension adjustment gain, net of tax of $2,493 ......................................... - - - - 3,795 - 3,795
Total comprehensive income ............................................................ 264,731
Dividends paid ........................................................................................ - - - - - (100) (100)
Purchase of noncontrolling interests ....................................................... - - - - - (2,927) (2,927)
Change in fair value of redeemable securities ......................................... - - (21,014) - - - (21,014)
Stock issued to 401(k) plan ..................................................................... 70,525 1 4,103 - -
- 4,104
Cumulative adjustment for ASC Topic 740 ............................................ - - - (280) - - (280)
Repurchase and retirement of common stock ......................................... (639,100) (6) (12,681) (18,002) - - (30,689)
Stock issued upon exercise of stock options,
including tax benefit of $9,977 ....................................................... 1,487,238 14 45,422 - - - 45,436
Stock-based compensation expense ........................................................ 185,676 2 22,368 - - - 22,370
Balance, December 29, 2007 .................................................................. 89,603,660 896 579,125 994,424 100,268 274 1,674,987
Net income (loss) (excluding $21,929 attributable to Redeemable
noncontrolling interests) ................................................................... - - - 239,457 - (12) 239,445
Foreign currency translation loss (excluding $2,060 attributable to
Redeemable noncontrolling interests) .............................................. - - - - (69,420) - (69,420)
Unrealized gain from foreign currency hedging activities,
net of tax of $530 .............................................................................. - - - - 86 - 86
Unrealized investment loss, net of tax of $821 ....................................... - - - - (1,201) - (1,201)
Pension adjustment loss, net of tax of $438 ............................................ - - - - (12) - (12)
Total comprehensive income ............................................................ 168,898
Change in fair value of redeemable securities ......................................... - - (51,138) - - - (51,138)
Stock issued to 401(k) plan ..................................................................... 79,723
1 4,661 - - - 4,662
Repurchase and retirement of common stock ......................................... (1,621,710) (16) (30,345) (52,427) - - (82,788)
Stock issued upon exercise of stock options,
including tax benefit of $6,977 ....................................................... 991,259 10 32,616 - - - 32,626
Stock-based compensation expense ........................................................ 298,917 3 25,104 - - - 25,107
Balance, December 27, 2008 .................................................................. 89,351,849 894 560,023 1,181,454 29,721 262 1,772,354
Net income (excluding $21,975 attributable to Redeemable
noncontrolling interests) ................................................................... - - - 311,153 - 29 311,182
Foreign currency translation gain (excluding $2,541 attributable to
Redeemable noncontrolling interests) .............................................. - - - - 25,406 - 25,406
Unrealized gain from foreign currency hedging activities,
net of tax of $8,184 ........................................................................... - - - - 13,317 - 13,317
Unrealized investment loss, net of tax of $105 ....................................... - - - - (120) - (120)
Pension adjustment loss, net of tax of $1,092 ......................................... - - - - (4,130) - (4,130)
Total comprehensive income ............................................................ 345,655
Purchase of noncontrolling interest ......................................................... - - - - - (262) (262)
Change in fair value of redeemable securities ......................................... - - 581 - - - 581
Stock issued to 401(k) plan ..................................................................... 100,778 1 5,300 - - - 5,301
Stock issued upon exercise of stock options,
including tax benefit of $2,642 ....................................................... 445,916 4 14,508 - - - 14,512
Stock-based compensation expense ........................................................ 802,068 8 25,916 - - - 25,924
Shares withheld for payroll taxes ............................................................ (69,722) (1) (2,149) - - - (2,150)
Liability for cash settlement stock option awards ................................... - - (407) - - - (407)
Balance, December 26, 2009 .................................................................. 90,630,889 906$ 603,772$ 1,492,607$ 64,194$ 29$ 2,161,508$
Total
Stockholders'
Equity
HENRY SCHEIN, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY
(In thousands, except share and per share data)
Common Stock
$.01 Par Value Additional
Paid-in Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Noncontrolling
Interests