Papa Johns 2003 Annual Report Download - page 42

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41
Papa John’s International, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
Accumulated
Common
Additional
Other
Total
Stock Shares
Common
Paid-In
Comprehensive
Retained
Treasury
Stockholders’
(In thousands)
Outstanding
Stock
Capital
Income (Loss )
Earning s
Stock
Equity
Balance at December 31, 2000
22,997
307
$
193,029
$
(277)
$
166,316
$
(193,054)
$
166,321
$
Comprehensive income:
Net income
-
-
-
-
47,245
-
47,245
Cumulative effect of accounting change,
net of tax of $646 (see Note 2)
-
-
-
(1,053)
-
-
(1,053)
Change in valuation of interest rate collar
and swap agreements, net of tax of $811
-
-
-
(1,324)
-
-
(1,324)
Other, net
-
-
-
(280)
-
-
(280)
Comprehensive income
44,588
Exercise of stock options
387
3
8,407
-
-
-
8,410
Tax benefit related to exercise of
non-qualified stock options
-
-
580
-
-
-
580
Acquisition of treasury stock
(1,237)
-
-
-
-
(29,354)
(29,354)
Common equity put options
-
-
-
-
-
5,306
5,306
Other
-
-
(219)
-
-
-
(219)
Balance at December 30, 2001
22,147
310
201,797
(2,934)
213,561
(217,102)
195,632
Comprehensive income:
Net income
-
-
-
-
46,797
-
46,797
Change in valuation of interest rate collar
and swap agreements, net of tax of $1,625
-
-
-
(2,651)
-
-
(2,651)
Other, net
-
-
-
271
-
-
271
Comprehensive income
44,417
Exercise of stock options
399
4
9,128
-
-
-
9,132
Tax benefit related to exercise of
non-qualified stock options
-
-
1,047
-
-
-
1,047
Acquisition of treasury stock
(4,505)
-
-
-
-
(128,416)
(128,416)
Other
-
-
135
-
-
-
135
Balance at December 29, 2002
18,041
314
212,107
(5,314)
260,358
(345,518)
121,947
Comprehensive income:
Net income
-
-
-
-
33,563
-
33,563
Change in valuation of interest rate collar
and swap agreements, net of tax of $1,122
-
-
-
1,831
-
-
1,831
Other, net
-
-
-
367
-
-
367
Comprehensive income
35,761
Exercise of stock options
278
3
6,616
-
-
-
6,619
Tax benefit related to exercise of
non-qualified stock options
-
-
540
-
-
-
540
Acquisition of treasury stock
(206)
-
-
-
-
(5,916)
(5,916)
Other
-
-
321
-
-
-
321
Balance at December 28, 2003
18,113
317
$
219,584
$
(3,116)
$
293,921
$
(351,434)
$
159,272
$
At December 30, 2001, the accumulated other comprehensive loss of $2,934 was comprised of net unrealized loss on the interest rate collar
and swap agreements of $2,377 and unrealized foreign currency translation losses of $557.
At December 29, 2002, the accumulated other comprehensive loss of $5,314 was comprised of net unrealized loss on the interest rate collar
and swap agreements of $5,028 and unrealized foreign currency translation losses of $286.
At December 28, 2003, the accumulated other comprehensive loss of $3,116 was comprised of net unrealized loss on the interest rate swap
agreement of $3,198 and net unrealized loss on investments of $19, net of unrealized foreign currency translation gains of $101.
S
ee accompanying notes.