Red Lobster 2015 Annual Report Download - page 33

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DARDEN RESTAURANTS, INC. | 2015 ANNUAL REPORT 29
CONSOLIDATED STATEMENTS OF
CHANGES IN STOCKHOLDERS’ EQUITY
DARDEN
Common Accumulated
Stock Other Total
and Retained Treasury Comprehensive Unearned Stockholders’
(in millions, except per share data) Surplus Earnings Stock Income (Loss) Compensation Equity
Balances at May 27, 2012 $2,518.8 $ 3,172.8 $(3,695.8) $(146.6) $(7.2) $1,842.0
Net earnings — 411.9 — — — 411.9
Other comprehensive income — — — 13.8 — 13.8
Dividends declared ($2.00 per share) — (259.6) — — — (259.6)
Stock option exercises (2.0 shares) 55.2 — 1.8 — — 57.0
Stock-based compensation 24.3 — — — — 24.3
ESOP note receivable repayments — — — — 1.1 1.1
Income tax benefits credited to equity 13.6 — — — — 13.6
Repurchases of common stock (1.0 shares) — (0.1) (52.3) — — (52.4)
Issuance of stock under Employee Stock Purchase Plan
and other plans (0.2 shares) 7.1 — 0.7 — — 7.8
Treasury shares retirement (159.3 shares) (1,411.4) (2,326.1) 3,737.5 — — —
Balances at May 26, 2013 $1,207.6 $ 998.9 $ (8.1) $(132.8) $(6.1) $2,059.5
Net earnings — 286.2 — — — 286.2
Other comprehensive income — — — 4.7 — 4.7
Dividends declared ($2.20 per share) — (288.9) — — — (288.9)
Stock option exercises (1.8 shares) 50.6 — 0.3 — — 50.9
Stock-based compensation 26.0 — — — — 26.0
ESOP note receivable repayments — — — — 0.9 0.9
Income tax benefits credited to equity 10.9 — — — — 10.9
Repurchases of common stock (0.0 shares) (0.1) (0.4) — — — (0.5)
Issuance of stock under Employee Stock Purchase Plan
and other plans (0.2 shares) 7.2 — — — — 7.2
Balances at May 25, 2014 $1,302.2 $ 995.8 $ (7.8) $(128.1) $(5.2) $2,156.9
Net earnings — 709.5 — — — 709.5
Other comprehensive income — — — 41.5 — 41.5
Dividends declared ($2.20 per share) — (279.5) — — — (279.5)
Stock option exercises (4.2 shares) 154.6 — — — — 154.6
Stock-based compensation 26.4 — — — — 26.4
ESOP note receivable repayments — — — — 1.2 1.2
Income tax benefits credited to equity 18.4 — — — — 18.4
Repurchases of common stock (10.0 shares) (102.5) (399.8) — — — (502.3)
Issuance of stock under Employee Stock Purchase Plan
and other plans (0.1 shares) 6.8 — — — — 6.8
Balances at May 31, 2015 $1,405.9 $ 1,026.0 $ (7.8) $ (86.6) $(4.0) $2,333.5
See accompanying notes to consolidated financial statements.