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60
SKYWEST, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands)
Accumulated
Other
Common Stock Retained Treasury Stock Comprehensive
Shares Amount Earnings Shares Amount Income (Loss)
Total
Balance at December 31, 2012 . .
76,713 $ 609,763 $ 1,147,117 (25,280) $ (371,211) $ 1,506 $ 1,387,175
N
et income ............... — — 58,956 — — — 58,956
Proportionate share of other
companies foreign currency
translation adjustment, net of tax
of $8 ................... — — — — — 66 66
N
et unrealized depreciation on
marketable securities, net of tax o
f
$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
N
et (loss) ................ — — (24,154) — — — (24,154)
Proportionate share of other
companies foreign currency
translation adjustment, net of tax
of $678 .................. — — — — — (1,129) (1,129)
N
et unrealized depreciation on
marketable securities, net of tax o
f
$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
N
et income ............... — — 117,817 — — — 117,817
N
et unrealized depreciation on
marketable securities, net of tax o
f
$18 .................... — — — — — 29 29
Exercise of common stock options
and issuance of restricted stock . 815 8,490 — — — — 8,490
Sale of common stock under
employee stock purchase plan . . 254 3,430 — — — — 3,430
Stock based compensation
expense related to the issuance of
stock options and restricted stock — 5,368 — — — — 5,368
Tax deficiency from exercise of
common stock options ....... — (2,166) — — — — (2,166)
Treasury stock purchases ..... — — — (1,250) (18,726) — (18,726)
Cash dividends declared ($0.16
per share) ................ — — (8,153) — — — (8,153)
Balance at December 31, 2015 . . 79,020 $ 641,643 $ 1,275,142 (28,015) $ (410,090) $ (260) $ 1,506,435
See accompanying notes to consolidated financial statements.