SkyWest Airlines 2005 Annual Report Download - page 49

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45
SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(In thousands)
Common Stock Treasury Stock Accumulated Other
Retained Comprehensive
Shares
Amount Earnings Shares Amount Loss Total
Balance at December 31, 2002 63,335 $ 320,085 $ 340,308 (5,898) $ (20,285) $ (1,422) $ 638,686
Comprehensive income:
Net income - - 66,787 - - - 66,787
Net unrealized appreciation on marketable
securities net of tax of $813 - - - - - 1,273 1,273
Total comprehensive income - - - - - - 68,060
Exercise of common stock options 24 309 - - - - 309
Sale of common stock under employee stock
purchase plan 533 6,505
- - - - 6,505
Tax benefit from exercise of common stock
Options - 129 - - - - 129
Cash dividends declared ($0.08 per share) - - (4,626) - - - (4,626)
Balance at December 31, 2003 63,892 $ 327,028 $ 402,469 (5,898) $ (20,285) $ (149) $ 709,063
Comprehensive income:
Net income - - 81,952 - - - 81,952
Net unrealized appreciation on marketable
securities net of tax of $607 - - - - - (910) (910)
Total comprehensive income - - - - - - 81,042
Exercise of common stock options 208 2,772 - - - - 2,772
Sale of common stock under employee stock
purchase plan 343 4,999 - - - - 4,999
Tax benefit from exercise of common stock
Options - 442 - - - - 442
Treasury stock purchases - - - (896) (12,266) - (12,266)
Cash dividends declared ($0.12 per share) - - (6,997) - - - (6,997)
Balance at December 31, 2004 64,443 $ 335,241 $ 477,424 (6,794) $ (32,551) $ (1,059) $ 779,055
Comprehensive income:
Net income - - 112,267 - - - 112,267
Net unrealized depreciation on marketable
securities net of tax of $219 - - - - - (347) (347)
Total comprehensive income - - - - - - 111,920
Exercise of common stock options 892 19,073 - - - - 19,073
Sale of common stock under employee stock
purchase plan 175 2,712 - - - - 2,712
Tax benefit from exercise of common stock
Options - 7,509 - - - - 7,509
Treasury stock purchases - - - - - - -
Cash dividends declared ($0.12 per share) - - (7,071) - - - (7,071)
Balance at December 31, 2005 65,510 $ 364,535 $ 582,620 (6,794) $ (32,551) $ (1,406) $ 913,198
See accompanying notes to consolidated financial statements.