SkyWest Airlines 2014 Annual Report Download - page 72

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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, 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
Net income ............................ — — 58,956 — — — 58,956
Proportionate share of other companies foreign currency
translation adjustment, net of tax of $8 .......... — — — — — 66 66
Net unrealized depreciation on marketable securities, net
of tax of $43 .......................... — — — — — (13) (13)
Exercise of common stock options and issuance of
restricted stock ......................... 313 835 — — — — 835
Sale of common stock under employee stock purchase
plan ................................ 300 3,696 — — — — 3,696
Stock based compensation expense related to the issuance
of stock options and restricted stock ............ — 4,363 — — — — 4,363
Tax deficiency from exercise of common stock options . . . — (146) — — — — (146)
Treasury stock purchases .................... — — — (816) (11,739) — (11,739)
Cash dividends declared ($0.16 per share) .......... — — (8,254) — — — (8,254)
Balance at December 31, 2013 ................. 77,326 618,511 1,197,819 (26,096) (382,950) 1,559 1,434,939
Net (loss) .............................. — — (24,154) — — — (24,154)
Proportionate share of other companies foreign currency
translation adjustment, net of tax of $678 ......... — — — — — (1,129) (1,129)
Net unrealized depreciation on marketable securities, net
of tax of $437 .......................... — — — — — (719) (719)
Exercise of common stock options and issuance of
restricted stock ......................... 330 287 — — — — 287
Sale of common stock under employee stock purchase
plan ................................ 295 3,752 — — — — 3,752
Stock based compensation expense related to the issuance
of stock options and restricted stock ............ — 5,318 — — — — 5,318
Tax deficiency from exercise of common stock options . . . — (1,347) — — — — (1,347)
Treasury stock purchases .................... — — — (669) (8,414) — (8,414)
Cash dividends declared ($0.16 per share) .......... — — (8,187) — — — (8,187)
Balance at December 31, 2014 ................. 77,951 $626,521 $1,165,478 (26,765) $(391,364) $ (289) $1,400,346
See accompanying notes to consolidated financial statements.
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