Nutrisystem 2009 Annual Report Download - page 48

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NUTRISYSTEM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(in thousands, except share amounts)
Common
Shares
Common
Stock
Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
(Loss) Income
Retained
Earnings Total
BALANCE, January 1, 2007 ....... 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
Net income ................ — — — — 46,253 46,253
Foreign currency translation
adjustment ............... — — — 10 — 10
Total comprehensive income . . . 46,263
Share-based expense ......... 119,707 — 7,793 — — 7,793
Exercise of stock options ...... 659,518 1 1,021 — — 1,022
Tax benefit from equity
compensation awards ...... — — 2,581 — — 2,581
Cash dividends ............. — — — — (16,251) (16,251)
Purchase and retirement of
common shares ........... (4,907,323) (5) (11,395) — (55,685) (67,085)
BALANCE, December 31, 2008 .... 29,384,573 29 — 25 115,771 115,825
Net income ................ — — — — 28,790 28,790
Foreign currency translation
adjustment ............... — — — (96) — (96)
Unrealized loss on marketable
securities, net of tax ........ — — — (13) — (13)
Total comprehensive income . . . 28,681
Share-based expense, net ...... 255,082 — 7,704 — — 7,704
Exercise of stock options ...... 119,806 — 563 — — 563
Equity compensation awards,
net ..................... — — (450) — — (450)
Cash dividends ............. — — — — (21,421) (21,421)
Purchase and retirement of
common shares ........... (132,200) — (1,302) — (637) (1,939)
BALANCE, December 31, 2009 .... 29,627,261 $ 29 $ 6,515 $ (84) $122,503 $ 128,963
The accompanying notes are an integral part of these consolidated financial statements.
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