Shutterfly 2011 Annual Report Download - page 50

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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.
Table of Contents
Year Ended December 31,
2010
2009
2008
Common stock (par value)
Balance, beginning of year
$
3
$
2
$
2
Issuance of common stock upon exercise of options and vesting of restricted stock units
—
1
—
Balance, end of year
3
3
2
Additional paid
-
in capital
Balance, beginning of year
226,410
203,902
191,534
Issuance of common stock upon exercise of options and vesting of restricted stock units
14,703
1,699
899
Stock based compensation, net of estimated forfeiture
16,640
15,844
11,313
Tax benefit of stock options
5,973
4,965
156
Balance, end of year
263,726
226,410
203,902
Deferred stock
-
based compensation
Balance, beginning of year
—
—
(
28
)
Amortization of deferred stock
-
based compensation, net of cancellations
—
—
28
Balance, end of year
—
—
—
Accumulated earnings (deficit)
Balance, beginning of year
(11,249
)
(17,102
)
(20,762
)
Net income
17,127
5,853
3,660
Balance, end of year
5,878
(11,249
)
(17,102
)
Accumulated other comprehensive loss
Balance, beginning of year
—
—
(
12
)
Change in unrealized loss in investments, net of tax
—
—
12
Balance, end of year
—
—
—
Total stockholders' equity
$
269,607
$
215,164
$
186,802
Number of shares
Common stock
Balance, beginning of year
25,909
25,138
24,805
Issuance of common stock upon exercise of options and vesting of restricted stock units
2,048
771
333
Balance, end of year
27,957
25,909
25,138
43