Napa Auto Parts 2005 Annual Report Download - page 27
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Consolidated Statements of Shareholders’ Equity
Additional Accumulated Other Total
Common Stock Paid-In Comprehensive Retained Shareholders’
(dollars in thousands, except per share data) Shares Amount Capital Income (Loss) Earnings Equity
Balance at January 1, 2003 174,380,634 $174,381 $44,371 $(60,522) $1,971,779 $2,130,009
Net income — — — —334,101 334,101
Foreign currency translation adjustment — — — 54,864 — 54,864
Changes in fair value of derivative
instruments, net of income
taxes of $6,990 — — — 10,493 — 10,493
Comprehensive income 399,458
Cash dividends declared, $1.18 per share — — — — (205,330) (205,330)
Stock options exercised, including
tax benefit of $1,256 280,821 280 5,575 — — 5,855
Purchase of stock (616,192) (616) (17,093) — — (17,709)
Balance at December 31, 2003 174,045,263 174,045 32,853 4,835 2,100,550 2,312,283
Net income — — — — 395,552 395,552
Foreign currency translation adjustment — — — 27,202 — 27,202
Changes in fair value of derivative
instruments, net of income
taxes of $1,764 — — — 2,786 — 2,786
Change in minimum pension liability,
net of income taxes of $5,079 — — — (8,345) — (8,345)
Comprehensive income 417,195
Cash dividends declared, $1.20 per share — — — — (209,739) (209,739)
Stock options exercised, including
tax benefit of $6,073 1,498,002 1,498 42,097 — — 43,595
Stock based compensation — — 2,518 — — 2,518
Purchase of stock (578,381) (578) (20,897) — — (21,475)
Balance at December 31, 2004 174,964,884 174,965 56,571 26,478 2,286,363 2,544,377
Net income —— — — 437,434 437,434
Foreign currency translation adjustment —— — 14,351 —14,351
Changes in fair value of derivative
instruments, net of income
taxes of $2,041 —— — 3,372 — 3,372
Change in minimum pension liability,
net of income taxes of $(258) —— — 1,334 — 1,334
Comprehensive income 456,491
Cash dividends declared, $1.25 per share —— — — (217,523) (217,523)
Stock options exercised, including
tax benefit of $5,242 852,745 853 22,114 — — 22,967
Stock based compensation — — 6,884 — — 6,884
Purchase of stock (2,784,932) (2,785) (85,569) —(30,885) (119,239)
Balance at December 31, 2005 173,032,697 $173,033 $ — $45,535 $2,475,389 $2,693,957
See accompanying notes.