Nutrisystem 2007 Annual Report Download - page 48

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NUTRISYSTEM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands, except share amounts)
Common
Shares
Common
Stock
Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
Income
Retained
Earnings
(Deficit) Total
BALANCE, January 1, 2005 ......... 30,132,860 $ 30 $ 33,378 $— $ (21,233) $ 12,175
Net income ................... — — — — 21,015 21,015
Share-based expense ........... 36,500 — 137 — — 137
Exercise of stock options ........ 2,786,070 3 4,132 — — 4,135
Issuance of common shares ...... 2,476,625 2 25,397 — — 25,399
Tax benefit from stock option
exercises ................... — — 16,105 — — 16,105
BALANCE, December 31, 2005 ...... 35,432,055 35 79,149 — (218) 78,966
Net income ................... — — — — 85,130 85,130
Share-based expense ........... 19,327 — 3,465 — — 3,465
Exercise of stock options ........ 1,324,174 1 3,631 — — 3,632
Purchase and retirement of
common shares .............. (896,700) (1) (45,367) — — (45,368)
Exercise of share-based
instruments held by consultants,
net of liability classification
upon adoption of SFAS 123R . . — — 1,538 — — 1,538
Tax benefit from stock option
exercises ................... — — 17,939 — — 17,939
BALANCE, December 31, 2006 ...... 35,878,856 35 60,355 — 84,912 145,302
Net income ................... — — — — 104,152 104,152
Foreign currency translation
adjustment ................. — — — 15 — 15
Total comprehensive income ..... 104,167
Share-based expense ........... 20,770 — 4,562 — — 4,562
Exercise of stock options ........ 412,076 1 1,930 — — 1,931
Tax benefit from stock option
exercises ................... — — 7,317 — — 7,317
Purchase and retirement of
common shares .............. (2,799,031) (3) (74,164) — (47,610) (121,777)
BALANCE, December 31, 2007 ...... 33,512,671 $ 33 $ — $ 15 $141,454 $ 141,502
The accompanying notes are an integral part of these consolidated financial statements.
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