Napa Auto Parts 2006 Annual Report Download - page 30

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28
Consolidated Statements of Shareholders’ Equity
Accumulated
Additional Other Total
Common Stock Paid-In Comprehensive Retained Shareholders’
(in thousands, except share and per share amounts) Shares Amount Capital Income (Loss) Earnings Equity
Balance at January 1, 2004 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
Net income – – – – 475,405 475,405
Foreign currency translation adjustment – – – (2,341) – (2,341)
Changes in fair value of derivative
instruments, net of income taxes of $201 – – – 322 – 322
Change in minimum pension liability,
net of income taxes of $922 – – – (1,265) – (1,265)
Comprehensive income 472,121
Pension and postretirement benefit
adjustment, net of income taxes
of $187,371 (see note below) – – – (284,785) – (284,785)
Cash dividends declared, $1.35 per share – – – – (231,454) (231,454)
Stock options exercised, including
tax benefit of $3,005 432,694 433 11,249 – – 11,682
Stock based compensation – – 11,948 – – 11,948
Purchase of stock (2,934,517) (2,935) (23,197) – (97,346) (123,478)
Balance at December 31, 2006 170,530,874 $ 170,531 $ - $ (242,534) $ 2,621,994 $ 2,549,991
See accompanying notes.
e pension and postretirement benefit adjustment relates to the adoption of SFAS No. 158 as described further in Note 7.