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page 12 PLANTRONICS ANNUAL REPORT 1999
Consolidated statements of stockholders’equity
ACCUM ULATED
ADDITIONAL OTHER TOTAL
COMM ON STOCK PAID-IN COMPREHENSIVE RETAINED TREASURY STOCKHOLDERS’
(IN THOUSANDS, EXCEPT SHARE AMOUNTS) SHARES AMOUNT CAPITAL INCOME EARNINGS STOCK EQUITY
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
Exercise of stock options 1,056,093 11 5,129 — — — 5,140
Income tax benefit associated
with stock options — — 21,734 — — — 21,734
Purchase of treasury stock (735,593) — — — — (46,384) (46,384)
Sale of treasury stock 29,301 — 744 — — 531 1,275
Net income — — — — 54,204 — 54,204
Balance at March 31, 1999 16,798,443 $185 $91,423 $(891) $ 69,559 $(70,871) $ 89,405
THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THESE CONSOLIDATED FINANCIAL STATEMENTS.