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49
OUTERWALL INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands, except share data)
Accumulated
Other
Comprehensive
Loss
Common Stock Treasury Retained
Shares Amount Stock Earnings Total
BALANCE, December 31, 2010. . . . . . . . . 31,815,085 434,169 (90,076) 84,866 (2,950) 426,009
Proceeds from exercise of stock options,
net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 112,364 3,261 — — — 3,261
Adjustments related to tax withholding for
share-based compensation . . . . . . . . . . . . . . (39,276) (1,794) — — — (1,794)
Share-based payments expense . . . . . . . . . . 365,641 16,211 — — — 16,211
Tax benefit on share-based compensation
expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 2,548 — — — 2,548
Repurchases of common stock . . . . . . . . . . (1,374,036) — (63,349) — — (63,349)
Debt conversion feature. . . . . . . . . . . . . . . . — 26,854 — — — 26,854
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . — — — 103,883 — 103,883
Other comprehensive income, net of tax(1) .— — — — 279 279
BALANCE, December 31, 2011. . . . . . . . . 30,879,778 481,249 (153,425) 188,749 (2,671) 513,902
Proceeds from exercise of stock options,
net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 381,468 8,263 — — — 8,263
Adjustments related to tax withholding for
share-based compensation . . . . . . . . . . . . . . (61,362) (3,671) — — — (3,671)
Share-based payments expense . . . . . . . . . . 225,445 19,362 — — — 19,362
Tax benefit on share-based compensation
expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 5,418 — — — 5,418
Repurchases of common stock . . . . . . . . . . (2,799,115) — (139,724) — — (139,724)
Convertible debt—conversion option . . . . . 109 (5,740) — — — (5,740)
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . — — — 150,230 — 150,230
Foreign currency translation adjustment(1) .— — — — 1,048 1,048
BALANCE, December 31, 2012. . . . . . . . . 28,626,323 $ 504,881 $ (293,149) $ 338,979 $ (1,623) $ 549,088
Proceeds from exercise of stock options,
net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 411,902 12,655 — — — 12,655
Adjustments related to tax withholding for
share-based compensation . . . . . . . . . . . . . . (76,401) (4,195) — — — (4,195)
Share-based payments expense . . . . . . . . . . 223,173 16,831 — — — 16,831
Tax benefit on share-based compensation
expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 3,287 — — — 3,287
Repurchases of common stock . . . . . . . . . . (3,306,433) — (195,004) — — (195,004)
Repurchase and conversion of callable
convertible debt, net of tax . . . . . . . . . . . . . 272,336 (49,532) 11,357 — — (38,175)
Reclassification of debt conversion feature
to temporary equity . . . . . . . . . . . . . . . . . . . — (1,446) — — — (1,446)
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . — — — 174,792 — 174,792
Foreign currency translation adjustment(1) .— — — — 856 856
BALANCE, December 31, 2013. . . . . . . . . 26,150,900 $ 482,481 $ (476,796) $ 513,771 $ (767) $ 518,689
(1) Foreign currency translation adjustment has no tax effect for the years ended December 31, 2013, 2012, and 2011.
See accompanying Notes to Consolidated Financial Statements