Spirit Airlines 2015 Annual Report Download - page 67

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67
Spirit Airlines, Inc.
Statements of Shareholders’ Equity
(In thousands)
Common
Stock
Non-
Voting
Common
Stock
Additional
Paid-In
Capital Treasury
Stock
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income (Loss) Total
Balance at December 31, 2012 $ 6 $ 1 $ 504,527 $ (1,151) $ 79,152 $ — $ 582,535
Adjustment to liability
recorded under Tax Receivable
Agreement. . . . . . . . . . . . . . . . . — — 2,336 — — — 2,336
Share-based compensation . . . . — — 5,689 — — — 5,689
Repurchase of common stock . . ———(1,140) — — (1,140)
Conversion of non-voting
common stock to common
stock . . . . . . . . . . . . . . . . . . . . . 1 (1) —
Proceeds from options
exercised — — 852 — — — 852
Excess tax benefits from share-
based compensation — — 1,927 — — — 1,927
Net income — — — — 176,918 — 176,918
Balance at December 31, 2013 $ 7 $ — $ 515,331 $ (2,291) $ 256,070 $ — $ 769,117
Share-based compensation . . . . — — 8,797 — — — 8,797
Repurchase of common stock . . — — (1,630) — — (1,630)
Proceeds from options
exercised . . . . . . . . . . . . . . . . . . — — 174 — — — 174
Excess tax benefits from share-
based compensation . . . . . . . . . — — 1,871 — — — 1,871
Unrealized gain (loss) from
cash flow hedges, net of tax (718) (718)
Net income . . . . . . . . . . . . . . . . — — — — 225,464 — 225,464
Balance at December 31, 2014 $ 7 $ — $ 526,173 $ (3,921) $ 481,534 $ (718) $1,003,075
Share-based compensation . . . . — — 9,222 — — — 9,222
Repurchase of common stock — — (112,261) — — (112,261)
Proceeds from options
exercised . . . . . . . . . . . . . . . . . . — — 32 — — — 32
Excess tax benefits from share-
based compensation — — 8,850 — — — 8,850
Unrealized gain (loss) from
cash flow hedges, net of tax (828) (828)
Net income . . . . . . . . . . . . . . . . — — — — 317,220 — 317,220
Balance at December 31, 2015 $ 7 $ — $ 544,277 $(116,182) $ 798,754 $ (1,546) $1,225,310
See accompanying Notes to Financial Statements.