Saks Fifth Avenue 2008 Annual Report Download - page 59

SAKS INCORPORATED & SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(In Thousands)
Common
Stock
Shares
Common
Stock
Amount
Additional
Paid-In
Capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Loss
Total
Shareholders’
Equity
Balance at January 28, 2006 ................ 136,005 $13,601 $ 1,994,979 $ 63,270 $(72,467) $ 1,999,383
Net income ......................... 53,742 53,742
Change in minimum pension liability, net
oftax ............................ 39,380 39,380
Elimination of NDSG minimum pension
liability .......................... 30,757 30,757
Comprehensive income ................ 123,879
Adoption of SFAS No. 158 ............. (26,016) (26,016)
Issuance of common stock ............. 5,031 503 51,227 51,730
Dividends Paid ...................... (1,001,733) (104,392) (1,106,125)
Income tax benefit related to employee
stock plans ........................ 13,470 13,470
Activity under stock compensation
plans ............................ (146) (11) (5,712) (5,723)
Stock-based compensation ............. 18,722 18,722
Stock-based compensation — SFAS
No. 123R dividend adjustment ........ 33,350 33,350
Repurchase of common stock ........... (450) (45) (6,486) (6,531)
Balance at February 3, 2007 ................ 140,440 $14,048 $ 1,097,817 $ 12,620 $(28,346) $ 1,096,139
Net income ......................... 47,473 47,473
Change in minimum pension liability, net
oftax ............................ 13,344 13,344
Comprehensive income ................ 60,817
Adoption of FIN 48 ................... 36,528 (2,857) 33,671
Issuance of common stock ............. 2,930 293 34,014 34,307
Income tax provision adjustment related to
employee stock plans ............... (454) (454)
Increase in tax valuation allowance ...... (19,258) (19,258)
Activity under stock compensation
plans ............................ 136 11 (9,887) (9,876)
Stock-based compensation ............. 7,724 7,724
Repurchase of common stock ........... (1,722) (172) (27,292) (27,464)
Balance at February 2, 2008 ................ 141,784 $14,180 $ 1,119,192 $ 57,236 $(15,002) $ 1,175,606
Net loss ............................ (154,941) (154,941)
Change in minimum pension liability, net
oftax ............................ (41,434) (41,434)
Comprehensive loss .................. (196,375)
SFAS No. 158 measurement date
change ........................... 344 344
Issuance of common stock ............. 636 64 4,025 4,089
Income tax provision adjustment related to
employee stock plans ............... 1,352 1,352
Activity under stock compensation
plans ............................ 2,699 269 (1,130) (861)
Stock-based compensation ............. 16,354 16,354
Repurchase of common stock ........... (2,949) (295) (34,594) (34,889)
Balance at January 31, 2009 ................ 142,170 $14,218 $ 1,105,199 $ (97,361) $(56,436) $ 965,620
The accompanying notes are an integral part of these consolidated financial statements.
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