Plantronics 2005 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2005 Plantronics annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 123

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123

PLANTRONICS, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Accumulated
Other Total
Deferred Additional Compre- Stock-
Stock Based Paid-In hensive Retained Treasury holders’Common Stock
In thousands, except share amounts Shares Amount Compensation Capital Income(Loss) Earnings Stock Equity
Balance at March 31, 2002 45,858,576 $592 $ — $152,194 $(1,203) $243,874 $(253,464) $141,993
Net income — — — — — 41,476 — 41,476
Foreign currency translation
adjustments — — — — 1,412 — — 1,412
Comprehensive income 42,888
Exercise of stock options 502,147 5 — 2,236 — — — 2,241
Income tax benefit associated
with stock options — — — 2,389 — — — 2,389
Purchase of treasury stock (2,874,800) — — — — — (44,826) (44,826)
Sale of treasury stock 152,700 — — 1,341 — — 904 2,245
Balance at March 31, 2003 43,638,623 597 — 158,160 209 285,350 (297,386) 146,930
Net income — — — — — 62,279 — 62,279
Foreign currency translation
adjustments — — — — 2,409 — — 2,409
Unrealized loss on hedges — — — — (1,937) (1,937)
Comprehensive income 62,751
Exercise of stock options 3,907,112 39 — 63,861 — — — 63,900
Income tax benefit associated
with stock options — — — 24,263 — — — 24,263
Purchase of treasury stock (122,800) — — — — — (1,833) (1,833)
Sale of treasury stock 183,174 — — 2,211 — — 1,081 3,292
Balance at March 31, 2004 47,606,109 636 — 248,495 681 347,629 (298,138) 299,303
Net income — — — — — 97,520 — 97,520
Foreign currency translation
adjustments — — — — 604 — — 604
Unrealized loss on marketable
securities — — — — (24) — — (24)
Unrealized gain on hedges — — — — 322 — — 322
Comprehensive income 98,422
Exercise of stock options 1,430,712 15 — 27,725 — — — 27,740
Issuance of restricted common
stock 43,984 — (2,414) 2,414 — — — —
Dividends paid — — — — — (7,282) — (7,282)
Amortization of stock based
compensation — — 194 — — — — 194
Income tax benefit associated
with stock options — — — 11,861 — — — 11,861
Purchase of treasury stock (770,100) — — — — — (28,466) (28,466)
Sale of treasury stock 118,752 — — 3,240 — — 707 3,947
Balance at March 31, 2005 48,429,457 $651 $(2,220) $293,735 $ 1,583 $437,867 $(325,897) $405,719
The accompanying notes are an integral part of these consolidated financial statements.
52 ⯗Plantronics