OfficeMax 2005 Annual Report Download - page 55

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OfficeMax Incorporated and Subsidiaries
Consolidated Statements of Shareholders’ Equity
For the Years Ended December 31, 2003, 2004 and 2005
Total Accumulated
Common Share- Deferred Additional Other
Shares holders’ Preferred ESOP Common Paid-In Retained Comprehensive
Outstanding Equity Stock Benefit Stock Capital Earnings Loss
(thousands, except share amounts)
58,283,719 Balance at December 31, 2002 .................$1,399,531 $ 192,628 $ (51,448) $145,709 $ 474,533 $ 952,215 $ (314,106)
Comprehensive income
Net income .......................... 8,272 — — — — 8,272 —
Other comprehensive income, net of tax
Cumulative foreign currency translation adjustment . . . . 65,472 — — — — — 65,472
Cash flow hedges . . . . .................. 1,887 — — — — — 1,887
Minimum pension liability adjustment ............ 52,929 — — — — — 52,929
Other comprehensive income ................. 120,288 — — — — — 120,288
Comprehensive income . ...................$ 128,560
Cash dividends declared
Common stock . . . . . . . . ................ (39,445) — — — — (39,445) —
Preferred stock . . . . . . . . ................ (13,864) — — — — (13,864) —
27,316,955 Stock issued for acquisition . .................. 808,172 — — 68,292 739,880 — —
1,215,118 Restricted stock . . . ...................... 6,461 — — — 6,461 — —
713 Restricted stock vested ..................... — — — 2 (2) — —
319,139 Stock options exercised ..................... 8,554 — — 798 7,756 — —
(2,006) Treasury stock cancellations . .................. (7,378) (7,326) — (5) (16) (31) —
3,668 Other . . . . . . ......................... 33,043 — 32,361 9 82 591 —
87,137,306 Balance at December 31, 2003 .................$2,323,634 $ 185,302 $ (19,087) $ 214,805 $ 1,228,694 $ 907,738 $ (193,818)
Comprehensive income
Net income .......................... 173,058 — — — — 173,058 —
Other comprehensive income, net of tax
Cumulative foreign currency translation adjustment . . . . 29,933 — — — — — 29,933
Cash flow hedges . . . . .................. 159 — — — — — 159
Minimum pension liability adjustment ............ 19,027 — — — — — 19,027
Other comprehensive income ................. 49,119 — — — — — 49,119
Comprehensive income . ...................$ 222,177
Cash dividends declared
Common stock . . . . . . . . ................ (52,284) — — — — (52,284) —
Preferred stock . . . . . . . . ................ (12,211) — — — — (12,211) —
5,412,705 Conversion of ACES to common stock ............. 172,500 — — 13,532 158,968 — —
(547,275) Restricted stock . . . ...................... 19,579 — — — 19,579 — —
365,787 Restricted stock vested ..................... — — — 915 (915) — —
1,202,308 Stock options exercised ..................... 37,823 — — 3,006 34,817 — —
(3,129) Treasury stock cancellations . .................. (123,437) (123,338) — (8) (91) — —
7,855 Other . . . . . . ......................... 22,697 — 19,087 19 213 3,378 —
93,575,557 Balance at December 31, 2004 .................$2,610,478 $ 61,964 $ — $ 232,269 $ 1,441,265 $ 1,019,679 $ (144,699)
Comprehensive income (loss)
Net loss . . . . . . . . . ................... (73,762) — — — — (73,762) —
Other comprehensive income, net of tax
Cumulative foreign currency translation adjustment . . . . (6,037) — — — — — (6,037)
Minimum pension liability adjustment ............ 8,615 — — — — — 8,615
Other comprehensive income ................. 2,578 — — — — — 2,578
Comprehensive income (loss) .................$ (71,184)
Cash dividends declared
Common stock . . . . . . . . ................ (47,082) — — — — (47,082) —
Preferred stock . . . . . . . . ................ (4,379) — — — — (4,379) —
Restricted stock . . . ...................... 9,184 — — — 9,184 — —
(199,134) Restricted stock vested ..................... — — — 1,134 (1,134) — —
883,817 Stock options exercised ..................... 26,460 — — 2,210 24,250 — —
(23,527,764) Treasury stock cancellations . .................. (781,181) — — (58,819) (722,362) — —
72,136 Other . . . . . . ......................... (6,617) (7,229) — 183 (3,398) 3,827 —
70,804,612 Balance at December 31, 2005 .................$1,735,679 $ 54,735 $ — $176,977 $ 747,805 $ 898,283 $(142,121)
See accompanying notes to consolidated financial statements.
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