Saks Fifth Avenue 2010 Annual Report Download - page 55

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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 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
Net income .................. 47,846 47,846
Change in minimum pension
liability, net of tax ........... 2,709 2,709
Comprehensive income ........ 50,555
Issuance of common stock, net . . . 2,064 206 21,057 21,263
Income tax provision adjustment
related to employee stock
plans ..................... 5,967 5,967
Net activity under stock
compensation plans .......... 1,049 105 (2,701) (2,596)
Stock-based compensation ...... 16,766 16,766
Balance at January 29, 2011 ......... 162,899 $16,290 $1,318,862 $(125,496) $(46,091) $1,163,565
The accompanying notes are an integral part of these consolidated financial statements.
F-5