SkyWest Airlines 2006 Annual Report Download - page 55

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See accompanying notes to consolidatedfinancial statements.
49
SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTSOF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(Inthousands)
Accumulated Other
Common Stock Retained Treasury Stock Comprehensive
Shares AmountEarnings Shares Amount Loss Total
Balance at December 31, 2003 ........ 63,892$327,028$402,469(5,898)$(20,285)$(149)$709,063
Comprehensive income:
Netincome .................. — — 81,952— — — 81,952
Net unrealized appreciation on
marketable securities netof
taxof $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 purchaseplan. .... 343 4,999— — — — 4,999
Tax benefit fromexercise 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:
Netincome .................. — — 112,267— — — 112,267
Netunrealized depreciationon
marketable securities netof
taxof $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 purchaseplan. .... 175 2,712— — — — 2,712
Tax benefit fromexercise of
common stockOptions.......... —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
Comprehensive income:
Netincome .................. — — 145,806— — — 145,806
Net unrealized appreciation on
marketable securities netof
taxof $40.................. — — — — — 61 61
Total comprehensive
income .................. 145,867
Sale of common stock, net of
offering costs and underwriting
discount of $8,864 ............. 4,000 95,336 — — — — 95,336
Exercise of common stock
options..................... 1,082 16,210 — — — — 16,210
Sale of common stock under
employee stock purchaseplan. .... 161 3,402— — — — 3,402
Stock based compensation expense
related to the issuance of stock
options andthe employee stock
purchase plan. ................ —10,771 — — — — 10,771
Tax benefit fromexercise of common
stock options................. —1,151— — — — 1,151
Cash dividends declared ($0.12 per
share) ...................... — — (7,642)— — — (7,642)
Balance at December 31, 2006 ........ 70,753$491,405$720,784(6,794)$(32,551)$(1,345)$1,178,293