Lifetime Fitness 2008 Annual Report Download - page 49

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43
LIFE TIME FITNESS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Common Stock
Additional
Paid-In
Deferred
Compen-
Accumulated
Other
Comprehensive Retained
Shares Amount Capital sation Loss Earnings Total
(In thousands, except share data)
BALANCE
—
December 31, 2005 .. 35,570,567 $ 712 $ 228,132 $
(
2,306
)
$
—
$ 81,306 $307,844
Reclassification of deferred
compensation to additional paid-in
ca
p
ital ......................................... — — (2,306) 2,306 — — —
Common stock issued upon exercise of
stock o
p
tions .............................. 1,090,788 22 15,242 — — — 15,264
Grant of restricted stoc
k
................ 156,164 3
(
3
)
—
—
—
—
Forfeiture of restricted stoc
k
.........
(
320
)
—
—
—
—
—
—
Compensation expense related to stock
o
p
tions and restricted stoc
k
........ — — 7,556 — — — 7,556
Capitalized compensation expense
related to stock options and restricted
stoc
k
........................................... — — 1,055 — — — 1,055
Tax benefit upon exercise of stock
o
p
tions ........................................ — — 10,229 — — — 10,229
Net income .................................... — — — — — 50,565 50,565
BALANCE
—
December 31, 2006 .. 36,817,199 737 259,905
—
—
131,871 392,513
Common stock issued upon common
stock offerin
g
............................. 1,675,000 33 92,469 — — — 92,502
Common stock issued upon exercise of
stock o
p
tions .............................. 487,075 10 8,444 — — — 8,454
Grant of restricted stoc
k
................ 162,393 3
(
3
)
—
—
—
—
Forfeiture of restricted stoc
k
.........
(
3,720
)
—
—
—
—
—
—
Compensation expense related to stock
o
p
tions and restricted stoc
k
........ — — 7,746 — — — 7,746
Capitalized compensation expense
related to stock options and restricted
stoc
k
........................................... — — 744 — — — 744
Tax benefit upon exercise of stock
o
p
tions ........................................ — — 4,605 — — — 4,605
Interest rate swa
p
contract .............
—
—
—
—
(
2,026
)
—
(
2,026
)
Net income .................................... — — — — — 68,019 68,019
BALANCE
—
December 31
,
2007 .. 39
,
137
,
947 783 373
,
910
—
(
2
,
026
)
199
,
890 572
,
557
Common stock issued upon exercise of
stock o
p
tions .............................. 185,453 4 2,991 — — — 2,995
Grant of restricted stoc
k
................ 434,180 9
(
9
)
—
—
—
—
F
o
rf
e
i
tu
r
e
o
f r
est
ri
cted
stock
.........
(
144
,
805
)
(3)
3
—
—
—
—
Compensation expense related to stock
o
p
tions and restricted stoc
k
........ — — 7,456 — — — 7,456
Capitalized compensation expense
related to stock options and restricted
stoc
k
........................................... — — 641 — — — 641
Tax benefit upon exercise of stock
options ........................................ — — 103 — — — 103
Interest rate swa
p
contract .............
—
—
—
—
(
2,672
)
—
(
2,672
)
Net income .................................... — — — — — 71,821 71,821
BALANCE — December 31, 2008 .. 39,612,775 $ 793 $ 385,095 $ — $ (4,698) $ 271,711 $652,901
See notes to consolidated financial statements.