OfficeMax 2007 Annual Report Download - page 52

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OfficeMax Incorporated and Subsidiaries
Consolidated Statements of Shareholders’ Equity
For the Fiscal Years ended December 29, 2007, December 30, 2006 and
December 31, 2005
Accumulated Total
Common Additional Other Share-
Shares Preferred Common Paid-In Retained Comprehensive holders’
Outstanding Stock Stock Capital Earnings Income (Loss) Equity
(thousands, except share amounts)
93,575,557 Balance at December 31, 2004 $61,964 $ 232,269 $ 1,441,265 $ 1,019,679 $ (144,699) $ 2,610,478
Comprehensive income
Net loss . . . . . . . . .......................... — — — (73,762) — (73,762)
Other comprehensive income
Cumulative foreign currency translation adjustment .......... — — — — (6,037) (6,037)
Minimum pension liability adjustment, net of tax ............ — — — — 8,615 8,615
Other comprehensive income ....................... — — — — 2,578 2,578
Comprehensive income . . ........................ $ (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 . .......................... — 2,210 24,250 — — 26,460
(23,527,764) Treasury stock cancellations . ........................ — (58,819) (722,362) — — (781,181)
72,136 Other . . . . . . ............................... (7,229) 183 (3,398) 3,827 — (6,617)
70,804,612 Balance at December 31, 2005 ....................... $54,735 $ 176,977 $ 747,805 $ 898,283 $ (142,121) $ 1,735,679
Comprehensive income
Net income ................................ — — — 91,721 — 91,721
Other comprehensive income
Cumulative foreign currency translation adjustment .......... — — — — 11,581 11,581
Minimum pension liability adjustment, net of tax ............ — — — — 26,634 26,634
Other comprehensive income ....................... — — — — 38,215 38,215
Comprehensive income (loss) ...................... $ 129,936
Adjustment from initial adoption of SFAS No. 158, net of tax . . ...... — — — — 11,911 11,911
Cash dividends declared . ........................
Common stock . . . . ......................... — — — (44,136) — (44,136)
Preferred stock . . . . ......................... — — — (4,037) — (4,037)
Restricted stock . . . . . . ......................... — — 24,116 — — 24,116
46,940 Restricted stock vested . .......................... — 117 (117) — — —
3,993,857 Stock options exercised . .......................... — 9,985 119,982 — — 129,967
(907) Treasury stock cancellations . ........................ — (2) (31) — — (33)
58,718 Other . . . . . . ............................... — 149 2,093 (1) — 2,241
74,903,220 Balance at December 30, 2006 ....................... $54,735 $ 187,226 $ 893,848 $ 941,830 $ (91,995) $ 1,985,644
Comprehensive income (loss)
Net income ................................ — — — 207,373 — 207,373
Other comprehensive income
Cumulative foreign currency translation adjustment .......... — — — — 59,977 59,977
Minimum pension liability adjustment, net of tax ............ — — — — 53,756 53,756
Other comprehensive income ....................... — — — — 113,733 113,733
Comprehensive income . . ........................ $ 321,106
Adjustment from initial adoption of FIN 48 ................. — — — (3,959) — (3,959)
Cash dividends declared
Common stock . . . . ......................... — — — (45,333) — (45,333)
Preferred stock . . . . ......................... — — — (3,961) — (3,961)
Restricted stock . . . . . . ......................... — — 26,437 — — 26,437
301,443 Restricted stock vested . .......................... — 767 (767) — — —
187,843 Stock options exercised . .......................... — 470 5,447 — — 5,917
Treasury stock cancellations . ........................ — — — — — —
4,588 Other . . . . . . ............................... (4,746) 18 (2,551) — (7,279)
75,397,094 Balance at December 29, 2007 ...................... $49,989 $188,481 $ 922,414 $1,095,950 $ 21,738 $2,278,572
See accompanying notes to consolidated financial statements
48