SkyWest Airlines 2002 Annual Report Download - page 36

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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE
INCOME
(In thousands, except per share amounts)
Accumulated
Other
Common Stock Treasury Stock
Retained Comprehensive
Shares Amount Earnings Shares Amount Loss Total
Balance at December 31, 1999 .................. 55,044 $163,451 $155,360 (5,898) $(20,285) $ — $298,526
Comprehensive income:
Net income ........................... — — 60,874 — — — 60,874
Net unrealized depreciation on marketable securities . — — — — — (975) (975)
Total comprehensive income ............... — — — — — — 59,899
Exercise of common stock options ............ 672 2,496 — — — — 2,496
Sale of common stock under employee stock
purchase plan ........................ 179 2,065 — — — — 2,065
Sale of common stock, net of offering costs of $349 . 5,791 122,070 — — — — 122,070
Tax benefit from exercise of common stock options . . — 4,105 — — — — 4,105
Cash dividends declared ($0.08 per share) ........ — — (4,208) — — (4,208)
Balance at December 31, 2000 .................. 61,686 294,187 212,026 (5,898) (20,285) (975) 484,953
Comprehensive income:
Net income ........................... — — 50,516 — — — 50,516
Net unrealized depreciation on marketable securities . — — — — — (615) (615)
Total comprehensive income ............... — — — — — — 49,901
Exercise of common stock options ............ 875 6,750 — — — — 6,750
Sale of common stock under employee stock
purchase plan ........................ 163 3,170 — — — — 3,170
Tax benefit from exercise of common stock options . . — 5,584 — — — — 5,584
Cash dividends declared ($0.08 per share) ........ — — (4,518) — — — (4,518)
Balance at December 31, 2001 .................. 62,724 309,691 258,024 (5,898) (20,285) (1,590) 545,840
Comprehensive income:
Net income ........................... — — 86,866 — — — 86,866
Net unrealized appreciation on marketable securities . — — — — — 168 168
Total comprehensive income ............... — — — — — — 87,034
Exercise of common stock options ............ 397 4,438 — — — — 4,438
Sale of common stock under employee stock
purchase plan ........................ 214 4,431 — — — — 4,431
Tax benefit from exercise of common stock options . . — 1,525 — — — — 1,525
Cash dividends declared ($0.08 per share) ........ — — (4,582) — — — (4,582)
Balance at December 31, 2002 .................. 63,335 $320,085 $340,308 (5,898) $(20,285) $(1,422) $638,686
See accompanying notes to consolidated financial statements.
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