Neiman Marcus 2008 Annual Report Download - page 97

Table of Contents
NEIMAN MARCUS, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Additional
Accumulated
other Total
(in thousands)
Common
stock
paid-in
capital
comprehensive
income (loss)
Retained
earnings
shareholders'
equity
BALANCE AT JULY 29, 2006 $ 10 $ 1,405,373 $ 9,829 $ 12,455 $ 1,427,667
Stock based compensation expense — 5,859 — — 5,859
Other equity transactions — 1,154 — — 1,154
Adjustment for unfunded benefit obligations
(upon initial adoption of new accounting
principle), net of income tax effect of
$11,289 — — 17,365 — 17,365
Comprehensive income:
Net earnings — — — 111,932 111,932
Adjustments for fluctuations in fair market
value of financial instruments, net of tax
of ($1,758) — — (2,678) — (2,678)
Reclassification to earnings, net of tax of
($2,327) — — (3,579) — (3,579)
Other — — 292 — 292
Total comprehensive income 105,967
BALANCE AT JULY 28, 2007 10 1,412,386 21,229 124,387 1,558,012
Stock based compensation expense — 6,087 — — 6,087
Comprehensive income:
Net earnings — — — 142,813 142,813
Adjustments for fluctuations in fair market
value of financial instruments, net of tax
of ($16,355) — — (25,159) — (25,159)
Reclassification to earnings, net of tax of
($214) — — (329) — (329)
Change in unfunded benefit obligations, net
of tax of ($3,239) — — (5,063) — (5,063)
Other — — 158 — 158
Total comprehensive income 112,420
BALANCE AT AUGUST 2, 2008 10 1,418,473 (9,164)267,200 1,676,519
Stock based compensation expense — 5,785 — — 5,785
Comprehensive loss:
Net loss — — — (668,046) (668,046)
Adjustments for fluctuations in fair market
value of financial instruments, net of tax
of ($19,229) — — (29,575) — (29,575)
Reclassification to earnings, net of tax of
$10,287 — — 15,822 — 15,822
Change in unfunded benefit obligations, net
of tax of ($52,865) — — (81,313) — (81,313)
Other — — (357) — (357)
Total comprehensive loss (763,469)
BALANCE AT AUGUST 1, 2009 $ 10 $ 1,424,258 $ (104,587)$ (400,846)$ 918,835
See Notes to Consolidated Financial Statements.
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