Rayovac 2004 Annual Report Download - page 69

Download and view the complete annual report

Please find page 69 of the 2004 Rayovac 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 115

  • 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

RAYOVAC CORPORATION AND SUBSIDIARIES
Consolidated Statements of Shareholders’ Equity
Years ended September 30, 2004, 2003 and 2002
(In thousands)
Common Stock Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss),
net of tax
Notes
Receivable
from
Officers/
Shareholders
Treasury
Stock
Unearned
Compensation
Total
Shareholders’
EquityShares Amount
Balances at September 30,
2001 .................. 32,043 $616 $180,752 $119,984 $ (6,868) $(3,665) $(130,070) $(3,164) $157,585
Net income ............... — — — 29,237 — — — — 29,237
Adjustment of additional
minimum pension
liability ................ — — — — (3,639) — — — (3,639)
Translation adjustment ...... — — — — (7,875) — — — (7,875)
Net loss on derivative
instruments and available
for sale securities ........ — — — — (1,477) — — — (1,477)
Comprehensive income ..... 16,246
Forfeiture of restricted
stock .................. (24) — (413) — — — — 413 —
Issuance of restricted stock . . 24 — 313 — — — — (313) —
Exercise of stock options .... 15 — 171 — — — — — 171
Notes receivable from
officers/ shareholders ..... — — — — — (540) — — (540)
Amortization of unearned
compensation ........... — — — — — — — 1,331 1,331
Balances at September 30,
2002 .................. 32,058 616 180,823 149,221 (19,859) (4,205) (130,070) (1,733) 174,793
Net income ............... — — — 15,482 — — — — 15,482
Adjustment of additional
minimum pension
liability ................ — — — — (690) — — — (690)
Translation adjustment ...... — — — — 7,753 — — — 7,753
Net gain on derivative
instruments and available
for sale securities ........ — — — — 339 — — — 339
Comprehensive income ..... 22,884
Issuance of restricted stock . . 393 4 4,786 — — — — (4,790) —
Forfeiture of restricted
stock .................. (28) — (347) — — — — 347 —
Exercise of stock options .... 40 — 299 — — — — — 299
Note payments from
officers/shareholders ..... — — — — — 600 — — 600
Amortization of unearned
compensation ........... — — — — — — — 3,426 3,426
Balances at September 30,
2003 .................. 32,463 620 185,561 164,703 (12,457) (3,605) (130,070) (2,750) 202,002
Net income ............... — — — 55,780 — — — — 55,780
Adjustment of additional
minimum pension
liability ................ — — — — (2,282) — — — (2,282)
Translation adjustment ...... — — — — 20,634 — — — 20,634
Net gain on derivative
instruments and available
for sale securities ........ — — — — 4,726 — — — 4,726
Comprehensive income ..... 78,858
Issuance of restricted stock . . 449 4 9,742 — — — — (9,746) —
Forfeiture of restricted
stock .................. (12) — (216) — — — — 216 —
Exercise of stock options .... 1,783 18 29,875 — — — — — 29,893
Amortization of unearned
compensation ........... — — — — — — — 5,291 5,291
Balances at September 30,
2004 .................. 34,683 $642 $224,962 $220,483 $ 10,621 $(3,605) $(130,070) $(6,989) $316,044
See accompanying notes to consolidated financial statements.
54