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NORDSTROM, INC. and SUBSIDIARIES
[28 ]
Dollars in thousands except per share amounts Accum. Other
Common Stock Unearned Stock Retained Comprehensive
Shares Amount Compensation Earnings Earnings Total
Balance at February 1, 2001 133,797,757 $330,394 $(3,740) $900,090 $6,701 $1,233,445
Net earnings — — — 124,688 — 124,688
Other comprehensive earnings:
Foreign currency translation adjustment — — — — (2,175) (2,175)
Securitization fair value adjustment,
net of tax of $1,355 — — — — (2,120) (2,120)
Comprehensive net earnings — — — — — 120,393
Cash dividends paid ($0.36 per share) — — — (48,265) — (48,265)
Issuance of common stock for:
Stock option plans 186,165 3,788 — — — 3,788
Employee stock purchase plan 541,677 6,754 — — — 6,754
Stock compensation 19,009 380 1,060 — — 1,440
Purchase and retirement
of common stock (76,000) — — (1,310) — (1,310)
Balance at January 31, 2002 134,468,608 341,316 (2,680) 975,203 2,406 1,316,245
Net earnings — — — 90,224 — 90,224
Other comprehensive earnings:
Foreign currency translation adjustment — — — — 7,755 7,755
SERP adjustment, net of tax of $4,163 — — — — (6,511) (6,511)
Securitization fair value adjustment,
net of tax of $607 — — — — (950) (950)
Comprehensive net earnings — — — — — 90,518
Cash dividends paid ($0.38 per share) — — — (51,322) — (51,322)
Issuance of common stock for:
Stock option plans 350,004 7,959 — — — 7,959
Employee stock purchase plan 596,351 8,062 — — — 8,062
Stock compensation 29,078 732 670 — — 1,402
Balance at January 31, 2003 135,444,041 358,069 (2,010) 1,014,105 2,700 1,372,864
Net earnings — — — 242,841 — 242,841
Other comprehensive earnings:
Foreign currency translation adjustment — — — — 7,379 7,379
SERP adjustment, net of tax of $3,304 — — — — (5,168) (5,168)
Securitization fair value adjustment,
net of tax of $(2,530) — — — — 3,957 3,957
Comprehensive net earnings — — — — — 249,009
Cash dividends paid ($0.41 per share) — — — (55,853) — (55,853)
Issuance of common stock for:
Stock option plans 2,259,771 57,981 — — — 57,981
Employee stock purchase plan 647,480 9,677 — — — 9,677
Stock compensation 25,377 (1,082) 1,413 — — 331
Balance at January 31, 2004 138,376,669 $424,645 $(597) $1,201,093 $8,868 $1,634,009
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
consolidated statements of shareholders’ equity