Plantronics 1998 Annual Report Download - page 13

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Consolidated STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT )
Total
Additional Cumulative Accumulated Stockholders’
Common Stock Paid-In Translation Equity Treasury Equity
(IN THOUSANDS, EXCEPT SHARE AMOUNTS)Shares Amount Capital Adjustment (Deficit) Stock (Deficit)
Balance at March 31, 1995 16,418,642 165 $54,652 $(558) $(78,975) $ — $(24,716)
Stock option compensation
amortization — 231 — — — 231
Exercise of stock options 359,270 4 759 — — — 763
Foreign currency translation
adjustment — — (333) — — (333)
Net income — — — 25,470 — 25,470
Balance at March 31, 1996 16,777,912 169 $55,642 $(891) $(53,505) $ — $ 1,415
Stock option compensation
amortization — 146 — — — 146
Exercise of stock options 284,442 2 1,832 — — — 1,834
Income tax benefit associated
with stock options 597 597
Purchase of treasury stock (701,226) — — (12,873) (12,873)
Sale of treasury stock 5,084 — — 92 92
Net income — — — 29,671 — 29,671
Balance at March 31, 1997 16,366,212 171 $58,217 $(891) $(23,834) $(12,781) $ 20,882
Stock option compensation
amortization — (225) — — — (225)
Exercise of stock options 348,958 3 1,220 — — — 1,223
Income tax benefit associated
with stock options 4,279 4,279
Purchase of treasury stock (317,600) — — — (13,162) (13,162)
Sale of treasury stock 51,072 325 — — 925 1,250
Net income — — — 39,189 — 39,189
Balance at March 31, 1998 16,448,642 174 $63,816 $(891) $ 15,355 $(25,018) $ 53,436
The accompanying notes are an integral part of these consolidated financial statements.
P.5
PLANTRONICS
ANNUAL REPORT . 199 8