Shutterfly 2010 Annual Report Download - page 58

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SHUTTERFLY, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands)
The accompanying notes are an integral part of these consolidated financial statements.
Year Ended December 31,
2009
2008
2007
Common stock (par value)
Balance, beginning of year
$
2
$
2
$
2
Issuance of common stock upon exercise of options and vesting of restricted stock units
1
—
—
Balance, end of year
3
2
2
Additional paid
-
In capital
Balance, beginning of year
203,902
191,534
181,890
Issuance of common stock upon exercise of options, net of repurchases
1,699
899
4,983
Cancellation of common stock options and restricted shares
—
—
(
162
)
Stock based compensation, net of estimated forfeiture
15,844
11,313
4,796
Tax benefit of stock options
4,965
156
27
Balance, end of year
226,410
203,902
191,534
Deferred stock
-
based compensation
Balance, beginning of year
—
(
28
)
(191
)
Cancellation of common stock options and restricted shares
—
—
162
Amortization of deferred stock
-
based compensation, net of cancellations
—
28
1
Balance, end of year
—
—
(
28
)
Accumulated deficit
Balance, beginning of year
(17,102
)
(20,762
)
(30,340
)
Net income
5,853
3,660
9,578
Balance, end of year
(11,249
)
(17,102
)
(20,762
)
Accumulated other comprehensive loss
Balance, beginning of year
—
(
12
)
(35
)
Change in unrealized loss in investments, net of tax
—
12
23
Balance, end of year
—
—
(
12
)
Total stockholders' equity
$
215,164
$
186,802
$
170,734
Number of shares
Common stock
Balance, beginning of year
25,138
24,805
23,705
Issuance of common stock upon exercise of options and vesting of restricted stock units
771
333
1,073
Issuance of common stock upon net exercise of warrants
—
—
27
Balance, end of year
25,909
25,138
24,805
56