Red Lobster 1999 Annual Report Download - page 8

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Consolidated Statements
of Changes in Stockholders’ Equity
29
Common Retained Accumulated
Stock Earnings Other Total
and (Accumulated Treasury Comprehensive Unearned Stockholders’
(In thousands) Surplus Deficit) Stock Income Compensation Equity
Balance at May 26, 1996 $1,266,212 $ 61,708)$ (25,037) $ (10,351) $ (69,895) $ 1,222,637)
Comprehensive income:
Net loss (91,029) (91,029)
Other comprehensive income,
foreign currency adjustment 314)314)
Total comprehensive income (90,715)
Cash dividends declared
($0.08 per share) (12,385) (12,385)
Stock option exercises (261 shares) 1,450 1,450)
Issuance of restricted stock (25 shares) 123 (123)
Earned compensation 1,302)1,302)
ESOP note receivable repayments, net 2,200)2,200)
Income tax benefit credited to equity 871 871)
Purchases of common stock for
treasury (5,043 shares) (44,147) (44,147)
Balance at May 25, 1997 1,268,656 (41,706) (69,184) (10,037) (66,516) 1,081,213)
Comprehensive income:
Net earnings 101,714)101,714)
Other comprehensive income,
foreign currency adjustment (1,712) (1,712)
Total comprehensive income 100,002)
Cash dividends declared
($0.08 per share) (11,681) (11,681)
Stock option exercises (1,464 shares) 10,606 10,606)
Issuance of restricted stock (238
shares), net of forfeiture adjustments 1,384 (1,404) (20)
Earned compensation 2,172)2,172)
ESOP note receivable repayments 2,700)2,700)
Income tax benefit credited to equity 3,808 3,808)
Proceeds from issuance of equity
put options 1,737 1,737)
Purchases of common stock for
treasury (13,483 shares) (170,692) (170,692)
Balance at May 31, 1998 1,286,191 48,327)(239,876) (11,749) (63,048) 1,019,845)
Comprehensive income:
Net earnings 140,538)140,538)
Other comprehensive income,
foreign currency adjustment (366) (366)
Total comprehensive income 140,172)
Cash dividends declared ($0.08 per share) (10,857) (10,857)
Stock option exercises (2,789 shares) 25,437 25,437)
Issuance of restricted stock (370
shares), net of forfeiture adjustments 4,873 (4,844) 29)
Earned compensation 2,341)2,341)
ESOP note receivable repayments 1,800)1,800)
Income tax benefit credited to equity 9,722 9,722)
Proceeds from issuance of equity
put options 2,184 2,184)
Purchases of common stock for
treasury (12,162 shares) (227,510) (227,510)
Issuance of treasury stock under Employee
Stock Purchase Plan (55 shares) 389 484)873)
Balance at May 30, 1999 $1,328,796 $ 178,008)$ (466,902) $ (12,115) $ (63,751) $ 964,036)
See accompanying notes to consolidated financial statements.