Hormel Foods 2011 Annual Report Download - page 38

3
6Hormel Foods Corporation
CONSOLIDATED S
T
ATEMENTS OF CHANGES IN SHAREHOLDERS’
I
NVESTMENT
H
ormel Foods
C
or
p
oration
S
hareholders
A
ccumu
l
ate
d
Add
i
t
i
ona
l
Other Non
-
Tota
l
(
in thousands
,
C
ommon
S
tock
T
reasur
y
S
tock P
aid
-In R
e
t
ai
n
ed
C
om
p
rehensive controll
i
ng
S
h
a
r
e
h
o
l
de
r
s
’
exce
p
t
p
er share amounts
)
S
hares*
A
mount
S
hares
*
A
moun
t
C
a
p
ital Earnin
g
s
I
ncome
(
Loss
)
I
nterest
I
nvestment
Balance at October 26, 2008 269,041
$
7,883 0
$
0
$
0
$
2,112,873
$
(
114,016
)
$
6,535
$
2,013,275
C
om
p
rehensive incom
e
Net earning
s
342
,
813 3
,
165
3
45
,
978
Foreign currency translation
(
862
)
12
(
850
)
De
f
erred hedging, net o
f
reclassification ad
j
ustment 27
,
763
2
7
,
763
P
e
n
s
i
o
n
a
n
d
o
th
e
r
be
n
e
fit
s
(
117
,
954
)
(
117
,
954
)
C
omprehensive income
3,
177
2
54
,
937
ASC 71
5
measurement date
ad
j
ustment
(
net of
$
912
tax effect
)
(11,793
)
1
,45
9
(10,334
)
P
u
r
c
h
ases
o
f
co
mm
o
n
s
t
oc
k
(
2
,
305
)
(38
,
147) (38
,
147
)
S
tock-based com
p
ensation
e
x
pense
1
2
,
0
54 1
2
,
0
54
Exercise of stock o
p
tions
/
nonvested share
s
45
2
13
(
1
)
(
15
)
2,55
3
2,551
S
hares retired
(
2,306
)
(
68
)
2
,
3
06
3
8,162 (14,607
)
(
23,487)
0
Di
str
i
but
i
on to noncontroll
i
n
g
interest
(
7,999
)
(7,999)
D
eclared cash d
i
v
i
dends —
$
.38 per share
*
(
102
,
016
)
(
102
,
016
)
Balance at October 25
,
2009 267
,
187
$
7
,
828
0
$
0
$
0
$
2
,
318
,
390
$
(
203
,
610
)
$
1
,
713
$
2
,
124
,
321
C
om
p
rehensive incom
e
N
et earn
i
n
gs
395
,
587
4,
1
89
3
99
,
776
Foreign currency translation 5
,
46
8
80
5,
54
8
De
f
erred hedging, net o
f
reclassification ad
j
ustment
33,3
72
33,3
72
P
e
n
s
i
o
n
a
n
d
o
th
e
r
be
n
e
fit
s
(
11
,
140
)
(
11
,
140
)
C
omprehensive incom
e
4,2
6
9
4
2
7
,
556
Pu
r
c
h
ases
of
co
mm
o
n
s
t
ock
(
3
,
407
)
(
69
,
574
)
(
69
,
574
)
Stock-based compensation
expens
e
1
4
,
4
02
1
4
,
4
02
Exercise of stock options
/
no
nv
es
t
ed
sha
r
es
2,
1
98
65
(
15
)
(
308
)
22,00
7
2
1
,
764
S
h
a
r
es
r
e
tir
ed
(
3
,
422
)
(
100
)
3,
422 6
9,882
(
36
,
409
)
(
33
,
373
)
0
D
ec
l
a
r
ed
cas
h
d
ivi
de
n
ds
–
$.42
p
er share* (111
,
830) (111
,
830)
Balance at October
3
1
,
201
0
2
65
,
96
3
$ 7
,
793
0
$
0
$
0
$ 2
,
568
,
774 $ (175
,
910
)
$ 5
,
982 $ 2
,
406
,
639
Comprehensive income
Net earn
i
n
g
s
4
74
,
1
9
5
5,00
147
9,
1
9
6
Fore
ig
n currency translat
i
on
8
4
3
2
51
1,09
4
Deferred hed
g
in
g
, net of
reclassi
fi
cation adjustmen
t
(
3
,
476
)
(3
,
476
)
Pension and other bene
fi
ts
3,0
6
0
3,0
6
0
C
om
p
rehensive incom
e
5,2
5
2
47
9,8
74
Pu
r
c
h
ases
o
f
co
mm
o
n
s
t
ock
(5,497) (152,930
)
(
152,930)
S
tock-based compensation
e
x
pense
1
7
,229
1
7
,229
Exercise of stock o
p
tions/
nonvested share
s
3,
5
03
1
02
(
6
)
(
163
)
5
3,
1
00
5
3,039
S
hares retired
(
5
,
503)
(
161
)
5
,
5
03
15
3,093
(70
,
329
)
(82
,
603
)
0
Di
str
i
but
i
on to noncontroll
i
n
g
i
nterest (8
,
000) (8
,
000
)
D
eclared cash d
i
v
i
dends —
$
.51 per shar
e
(
136
,
035
)
(
136
,
035
)
Balance at
O
ctober 30
,
2011 263
,
963
$
7
,
734 0
$
0
$
0
$
2
,
824
,
331
$(
175
,
483
)
$
3
,
234
$
2
,
659
,
816
*
Shares and per share fi
g
ures have been restated, as appropriate, to reflect the two-for-one stock split effected February 1, 201
1
.
See Notes to Consolidated Financial Statements.