Saks Fifth Avenue 2009 Annual Report Download - page 61

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Table of Contents
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 February 3, 2007, as reported 140,440 $ 14,048 $ 1,097,817 $ 12,620 $ (28,346) $ 1,096,139
Adoption of ASC 470 (Note 2) — — 43,028 (10,608) — 32,420
Balance at February 3, 2007, revised 140,440 $ 14,048 $ 1,140,845 $ 2,012 $ (28,346) $ 1,128,559
Net income 43,882 43,882
Change in minimum pension liability, net of tax 13,344 13,344
Comprehensive income 57,226
Adoption of accounting for uncertain tax positions 36,528 (2,858) 33,670
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)
Net 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 $ 1,162,220 $ 43,036 $ (15,002) $ 1,204,434
Net loss (158,804) (158,804)
Change in minimum pension liability, net of tax (41,434) (41,434)
Comprehensive loss (200,238)
Pension measurement date change 345 345
Issuance of common stock 636 64 4,025 4,089
Income tax provision adjustment related to
employee stock plans 1,352 1,352
Net 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 $ 1,148,227 $ (115,423) $ (56,436) $ 990,586
Net loss (57,919) (57,919)
Change in minimum pension liability, net of tax 7,636 7,636
Comprehensive loss (50,283)
Issuance of common stock, net 15,097 1,509 94,689 96,198
Income tax provision adjustment related to
employee stock plans (2,491) (2,491)
Issuance of 7.5% Convertible Notes 21,147 21,147
Net activity under stock compensation plans 2,519 252 (645) (393)
Stock-based compensation 16,846 16,846
Balance at January 30, 2010 159,786 $ 15,979 $ 1,277,773 $ (173,342) $ (48,800) $ 1,071,610
The accompanying notes are an integral part of these consolidated financial statements.
F-5
Source: SAKS INC, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠