Lumber Liquidators 2007 Annual Report Download - page 56

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Lumber Liquidators, Inc.
Statements of Stockholders’ Equity (Deficit)
(in thousands, except share data)
Common Stock
Additional
Capital
Retained
Earnings
(Deficit)
Total
Stockholders’
Equity (Deficit)Shares
Par
Value
Balance December 31, 2004 ................... 15,000,100 $ — $ 87 $(30,329) $(30,242)
Contributions from Founder, net .............. — — 581 — 581
Stock-Based Compensation Expense ........... — — 173 — 173
Net Income ............................... — — — 10,713 10,713
Balance December 31, 2005 ................... 15,000,100 $ — $ 841 $(19,616) $(18,775)
Stock-Based Compensation Expense ........... — — 409 — 409
Net Income ............................... — — — 12,898 12,898
Balance December 31, 2006 ................... 15,000,100 $ — $ 1,250 $ (6,718) $ (5,468)
Reincorporation in Delaware ................. — 15 (15) — —
Sale of Common Stock, net of issuance costs of
$5,650 ................................. 3,800,000 4 36,146 — 36,150
Conversion of Redeemable Preferred Stock into
Common Stock .......................... 7,952,018 8 34,830 — 34,838
Stock-Based Compensation Expense ........... — — 5,950 — 5,950
Reclassification of Stock Compensation
Liability ............................... — — 9,392 — 9,392
Net Income ............................... — — — 11,326 11,326
Balance December 31, 2007 ................... 26,752,118 $ 27 $87,553 $ 4,608 $ 92,188
See accompanying notes to financial statements
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