MoneyGram 2005 Annual Report Download - page 84
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Table of Contents
MONEYGRAM INTERNATIONAL, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
repurchased 2,275,651 shares at an average cost of $21.97 per share. During the last six months of 2004, the Company repurchased 770,299 shares at an
average cost of $21.01 per share. At December 31, 2005, there are 2,701,163 shares of stock held in treasury. The Company has remaining authorization to
repurchase up to 3,954,050 shares. Following is a summary of common stock and treasury stock share activity:
Common Treasury
Stock Stock
(Amounts in thousands)
Balance at January 1, 2003 99,740 11,382
Net submission of shares upon exercise of stock options 37
Net issuance upon vesting of restricted stock (235)
Impact of spin-off (11,184) (11,184)
Balance at June 30, 2004 88,556 (0)
Stock repurchases 770
Net submission of shares upon exercise of stock options 36
Net issuance upon vesting of restricted stock (5)
Balance at December 31, 2004 88,556 801
Stock repurchases 2,276
Net submission of shares upon exercise of stock options (559)
Forfeitures of restricted stock, net of issuance upon vesting 183
Balance at December 31, 2005 88,556 2,701
Accumulated Other Comprehensive Income: The components of accumulated other comprehensive income (loss) at December 31 include:
2005 2004
(Dollars in thousands)
Unrealized gain on securities classified as available-for-sale $ 38,288 $ 99,148
Unrealized loss on derivative financial instruments 13,651 (38,027)
Cumulative foreign currency translation adjustments 2,217 6,344
Minimum pension liability adjustment (42,331) (41,774)
Accumulated other comprehensive income $ 11,825 $ 25,691
F-30