IHOP 2008 Annual Report Download - page 88

Download and view the complete annual report

Please find page 88 of the 2008 IHOP 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 162

  • 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
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162

DineEquity, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
(In thousands, except share amounts)
Accumulated
Preferred Stock Common Stock Additional Other Treasury
Shares Series B Shares Paid-in Retained Comprehensive Stock,
Issued Amount Issued Amount Capital Earnings Loss at cost Total
Balance, December 31, 2005 . . . — $ — 22,464,760 $225 $120,175 $ 332,560 $ (205) $(158,909) $ 293,846
Net income ............. — — — — — 44,553 — — 44,553
Interest rate swap, net of tax . . — — — — — — 72 — 72
Comprehensive income ...... 44,625
Repurchase of treasury shares . — — — — — — — (42,695) (42,695)
Issuance of shares pursuant to
stock plans ............ — — 353,247 2 5,942 — — — 5,944
Stock option expense ....... — — — — 1,905 — — — 1,905
Amortization of restricted stock
grants ............... — — — — 2,006 — — — 2,006
Tax benefit from stock options
exercised ............. — — 1,720 — — — 1,720
Dividends—common stock .... — — — (18,138) — — (18,138)
Balance, December 31, 2006 . . . — — 22,818,007 227 131,748 358,975 (133) (201,604) 289,213
Net loss ............... — — — — — (480) — — (480)
Interest rate swap, net of tax . . — — — — — — (36,605) — (36,605)
Comprehensive loss ........ (37,085)
Cumulative effect of adoption
of FIN 48 ............. — — — — — (489) — — (489)
Repurchase of treasury shares . — — — — — — — (77,020) (77,020)
Issuance of preferred stock
Series B .............. 35 35,000 — — (750) — — — 34,250
Issuance of shares pursuant to
stock plans ............ — — 541,657 3 8,925 — — 970 9,898
Stock-based compensation .... — — — — 6,165 — — — 6,165
Tax benefit from stock options
exercised ............. — — — — 3,476 — — — 3,476
Dividends—common stock .... — — — — — (17,293) — — (17,293)
Dividends—preferred stock . . . — — — — — (1,742) — — (1,742)
Accretion of Series B preferred
stock ................ — 181 — — — (181) — — —
Balance, December 31, 2007 . . . 35 35,181 23,359,664 230 149,564 338,790 (36,738) (277,654) 209,373
Net loss ............... — — — — — (154,459) — — (154,459)
Interest rate swap, net of tax . . — — — — — — 7,716 — 7,716
Temporary decline in
available-for-sale securities . . — — — — — — (386) — (386)
Comprehensive loss ........ — — — — — — — — (147,129)
Repurchase of restricted shares . — — (18,274) — (540) — — — (540)
Issuance of shares pursuant to
stock plans ............ — — 335,560 7 982 — — 1,135 2,124
Stock-based compensation .... — — — — 13,445 — — — 13,445
Tax benefit from stock options
exercised ............. — — — — 1,864 — — — 1,864
Dividends—common stock .... — — — — — (17,370) — — (17,370)
Dividends—preferred stock . . . — — — — — (19,000) — — (19,000)
Accretion of Series B preferred
stock ................ — 2,151 — — — (2,151) — — —
Balance, December 31, 2008 . . . 35 $37,332 23,696,950 $237 $165,315 $ 145,810 $(29,408) $(276,519) $ 42,767
See the accompanying notes to the consolidated financial statements.
74