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See accompanying Notes to Consolidated Financial Statements
58
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, 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
Excess 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
Excess 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)
Debt conversion feature. . . . . . . . . . . . . . . . — (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
Proceeds from exercise of stock options,
net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103,260 3,735 — — — 3,735
Adjustments related to tax withholding for
share-based compensation . . . . . . . . . . . . . . (61,543) (4,255) — — — (4,255)
Share-based payments expense . . . . . . . . . . 227,092 13,036 1,388 — — 14,424
Excess tax benefit on share-based
compensation expense . . . . . . . . . . . . . . . . . — 1,920 — — — 1,920
Repurchases of common stock . . . . . . . . . . (7,925,227) — (545,140) — — (545,140)
Repurchase and conversion of callable
convertible debt, net of tax . . . . . . . . . . . . . 431,760 (24,771) 24,255 — — (516)
Adjustment and settlement of debt
conversion feature classified as temporary
equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,446 — — — 1,446
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . — — — 106,618 — 106,618
Foreign currency translation adjustment(1) .— — — — 457 457
BALANCE, December 31, 2014. . . . . . . . . 18,926,242 $ 473,592 $ (996,293) $ 620,389 $ (310) $ 97,378
(1) Foreign currency translation adjustment has no tax effect for the years ended December 31, 2014, 2013, and 2012.