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Table of Contents
NetSpend Holdings, Inc.
Consolidated Statements of Changes in Stockholders' Equity
Years Ended December 31, 2011, 2010 and 2009
Series A
Convertible
Preferred Stock
Class B
Common Stock
Common Stock
Treasury Stock
Accumulated
Other
Comprehensive
Loss
Retained
Earnings
(Accumulated
Deficit)
Additional
Paid-in
Capital
Total
Stockholders'
Equity
Shares
Amount
Shares
Amount
Shares
Amount
Shares
Amount
(in thousands of dollars, except share data)
Balances at
December 31,
2008
—
$
—
77,131,910
$
77
10,043,137
$
10
(1,300,000
)
$
(4,293
)
$
115,027
$
—
$
(
22,476
)
$
88,345
Purchase of
treasury stock
—
—
—
—
—
—
(
570,000
)
(1,411
)
—
—
—
(
1,411
)
Stock-based
compensation
—
—
—
—
—
—
—
—
4,484
—
—
4,484
Exercise of
options for
common stock
—
—
66,283
—
—
—
—
—
125
—
—
125
Tax shortfall
associated
with stock
options
—
—
—
—
—
—
—
—
(
152
)
—
—
(
152
)
Vesting of
restricted
stock
—
—
—
—
201,472
—
—
—
—
—
—
—
Dividend
equivalents
paid
—
—
—
—
—
—
—
—
—
—
(
213
)
(213
)
Net income
—
—
—
—
—
—
—
—
—
—
18,174
18,174
Balances at
December 31,
2009
—
$
—
77,198,193
$
77
10,244,609
$
10
(1,870,000
)
$
(5,704
)
$
119,484
$
—
$
(
4,515
)
$
109,352
Purchase of
treasury stock
—
—
—
—
—
—
(
1,500,000
)
(5,670
)
—
—
—
(
5,670
)
Stock-based
compensation
—
—
—
—
—
—
—
—
7,268
—
—
7,268
Exercise of
options for
common stock
—
—
1,000,215
1
—
—
—
—
850
—
—
851
Tax benefit
associated
with stock
options
—
—
—
—
—
—
—
—
2,536
—
—
2,536
Exercise of
warrants for
common stock
—
—
609,587
1
—
—
—
—
82
—
—
83
Vesting of
restricted
stock
—
—
—
215,050
1
—
—
—
—
—
1
Common stock
issued in
public
offering, net of
issuance costs
(Note 12)
—
—
2,272,727
2
—
—
—
—
20,979
—
—
20,981
Conversion of
Class B
common stock
to common
stock
—
—
10,459,659
11
(10,459,659
)
(11
)
—
—
—
—
—
—
Dividend
equivalents
paid
—
—
—
—
—
—
—
—
—
—
(
176
)
(176
)
Comprehensive
income:
Net income
—
—
—
—
—
—
—
—
—
—
22,732
22,732
Unrealized
loss on
available-
for-sale
investment
—
—
—
—
—
—
—
—
—
(
1,142
)
—
(
1,142
)
Total
comprehensive
income
—
—
—
—
—
—
—
—
—
—
—
21,590
Balances at
December 31,
2010
—
$
—
91,540,381
$
92
—
$
—
(
3,370,000
)
$
(11,374
)
$
151,199
$
(1,142
)
$
18,041
$
156,816
Purchase of