SkyWest Airlines 2012 Annual Report Download - page 74

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SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands)
Accumulated
Other
Common Stock Treasury Stock
Retained Comprehensive
Shares Amount Earnings Shares Amount Income (Loss) Total
Balance at December 31, 2009 ................. 74,627 $578,153 $1,052,375 (19,018) $(279,619) $1,310 $1,352,219
Net income ........................... — — 96,350 — — — 96,350
Proportionate share of other companies foreign
currency translation adjustment, net of tax of $390 . . — — — — — 637 637
Net unrealized depreciation on marketable securities
net of tax of $457 ...................... — — — — — (745) (745)
Exercise of common stock options and issuance of
restricted stock ....................... 261 83 — — — — 83
Sale of common stock under employee stock purchase
plan .............................. 357 4,824 — — — — 4,824
Stock based compensation expense related to the
issuance of stock options and restricted stock ..... — 6,428 — — — — 6,428
Tax benefit from exercise of common stock options . . . — 122 — — — — 122
Treasury stock purchases ................... — — — (2,054) (30,009) — (30,009)
Cash dividends declared ($0.16 per share) ........ — — (8,986) — — — (8,986)
Balance at December 31, 2010 ................. 75,245 589,610 1,139,739 (21,072) (309,628) 1,202 1,420,923
Net loss ............................. — — (27,335) — — — (27,335)
Proportionate share of other companies foreign
currency translation adjustment, net of tax of $180 . . — — — — — (295) (295)
Net unrealized appreciation on marketable securities
net of tax of $327 ...................... — — — — — 534 534
Exercise of common stock options and issuance of
restricted stock ....................... 289 70 — — — — 70
Sale of common stock under employee stock purchase
plan .............................. 300 4,372 — — — — 4,372
Stock based compensation expense related to the
issuance of stock options and restricted stock ..... — 5,365 — — — — 5,365
Tax deficiency from exercise of common stock options . — (432) — — — — (432)
Treasury stock purchases ................... — — — (4,149) (60,681) — (60,681)
Cash dividends declared ($0.16 per share) ........ — — (8,260) — — — (8,260)
Balance at December 31, 2011 ................. 75,834 598,985 1,104,144 (25,221) (370,309) 1,441 1,334,261
Net income ........................... — — 51,157 — — — 51,157
Proportionate share of other companies foreign
currency translation adjustment, net of tax of $154 . . — — — — — (251) (251)
Net unrealized appreciation on marketable securities,
net of tax of $194 ...................... — — — — — 316 316
Exercise of common stock options and issuance of
restricted stock ....................... 392 1,879 — — — — 1,879
Sale of common stock under employee stock purchase
plan .............................. 487 4,068 — — — — 4,068
Stock based compensation expense related to the
issuance of stock options and restricted stock ..... — 4,693 — — — — 4,693
Tax benefit from exercise of common stock options . . . — 138 — — — — 138
Treasury stock purchases ................... — — — (59) (902) — (902)
Cash dividends declared ($0.16 per share) ........ — — (8,184) — — — (8,184)
Balance at December 31, 2012 ................. 76,713 609,763 1,147,117 (25,280) (371,211) 1,506 1,387,175
See accompanying notes to consolidated financial statements.
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