Papa Johns 2010 Annual Report Download - page 70

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63
Papa John’s International, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
Common Accumulated
Stock Additional Other Noncontrolling Total
Shares Common Paid-In Comprehensive Retained Treasury Interests in Stockholders’
(In thousands) Outstanding Stock Capital Income (Loss) Earnings Stock Subsidiaries Equity
Balance at December 30, 2007
28,777 349$ 208,598$ 156$ 96,963$ (179,163)$ 8,035$ 134,938$
Comprehensive income:
Net income
- - - - 36,796 - 2,022 38,818
Change in valuation of interest rate
swap agreements, net of tax of ($1,474)
- - - (2,650) - - - (2,650)
Foreign currency translation
- - - (1,230) - - - (1,230)
Other
- - - (94) - - - (94)
Comprehensive income
34,844
Exercise of stock options
260 3 4,620 - - - - 4,623
Tax effect of non-qualified stock options
- - 771 - - - - 771
Acquisition of Company common stock
(1,400) - - - - (37,697) - (37,697)
Net contributions (distributions) -
noncontrolling interests
- - - - - - (1,805) (1,805)
Stock-based compensation expense
- - 2,564 - - - - 2,564
Balance at December 28, 2008
27,637 352 216,553 (3,818) 133,759 (216,860) 8,252 138,238
Comprehensive income:
Net income
- - - - 57,453 - 3,756 61,209
Change in valuation of interest rate
swap agreements, net of tax of $781
- - - 1,388 - - - 1,388
Foreign currency translation
- - - 1,310 - - - 1,310
Other
- - - 36 - - - 36
Comprehensive income
63,943
Exercise of stock options
612 6 9,824 - - - - 9,830
Tax effect of non-qualified stock options
- - (342) - - - - (342)
Acquisition of Company common stock
(1,319) - - - - (28,477) - (28,477)
Net contributions (distributions) -
noncontrolling interests
- - - - - - (3,840) (3,840)
Stock-based compensation expense
- - 5,817 - - - - 5,817
Other
- - (132) - - - - (132)
Balance at December 27, 2009
26,930 358 231,720 (1,084) 191,212 (245,337) 8,168 185,037
Comprehensive income:
Net income
- - - - 51,940 - 3,485 55,425
Change in valuation of interest rate
swap agreements, net of tax of $1,352
- - - 2,404 - - - 2,404
Foreign currency translation
- - - (523) - - - (523)
Other
- - - 52 - - - 52
Comprehensive income
57,358
Exercise of stock options
356 3 6,122 - - 285 - 6,410
Tax effect of non-qualified stock options
- - 125 - - - - 125
Acquisition of Company common stock
(1,881) - - - - (46,936) - (46,936)
Net contributions (distributions) -
noncontrolling interests
- - - - - - (3,147) (3,147)
Stock-based compensation expense
- - 6,066 - - - - 6,066
Other
34 - 1,347 - - 940 - 2,287
Balance at December 26, 2010
25,439 361$ 245,380$ 849$ 243,152$ (291,048)$ 8,506$ 207,200$
Papa John's International, Inc.
At December 28, 2008, the accumulated other comprehensive loss of $3,818 was comprised of a net unrealized loss on the interest rate
swap agreements of $3,950 and an $88 pension plan liability for PJUK, offset by unrealized foreign currency translation gains of $220.
At December 27, 2009, the accumulated other comprehensive loss of $1,084 was comprised of a net unrealized loss on the interest rate
swap agreements of $2,563 and a $52 pension plan liability for PJUK, offset by unrealized foreign currency translation gains of
$1,531.
At December 26, 2010, the accumulated other comprehensive income of $849 was comprised of unrealized foreign currency translation
gains of $1,008, offset by a net unrealized loss on the interest rate swap agreements of $159.
See accompanying notes.