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REGIS CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES
IN SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
The accompanying notes are an integral part of the Consolidated Financial Statements.
62
Accumulated
Additional
Other
Common Stock
Paid
-
In
Comprehensive
Retained
Comprehensive
Shares
Amount
Capital
Income
Earnings
Total
Income
(Dollars in thousands)
Balance, June 30, 2002
43,040,381
$
2,152
$
194,859
$
3,938
$
240,582
$
441,531
Net income
85,555
85,555
$
85,555
Foreign currency translation adjustments
22,001
22,001
22,001
Changes in fair market value of
financial instruments designated as hedges
of interest rate exposure, net of taxes and
transfers
1,826
1,826
1,826
Stock repurchase plan
(860,301
)
(43
)
(21,651
)
(21,694
)
Proceeds from exercise of
stock options
724,569
36
8,545
8,581
Shares issued through franchise stock
incentive program
9,346
337
337
Shares issued in connection with salon
acquisitions
613,249
31
21,470
21,501
Tax benefit realized upon exercise of
stock options
4,090
4,090
Dividends
(5,202
)
(5,202
)
Balance, June 30, 2003
43,527,244
2,176
207,650
27,765
320,935
558,526
$
109,382
Net income
104,218
104,218
104,218
Foreign currency translation adjustments
12,695
12,695
12,695
Changes in fair market value of
financial instruments designated as hedges
of interest rate exposure, net of taxes and
transfers
155
155
155
Stock repurchase plan
(544,000
)
(27
)
(22,521
)
(22,548
)
Proceeds from exercise of
stock options
1,135,939
57
17,290
17,347
Share
-
based compensation
198
198
Shares issued through franchise stock
incentive program
9,428
281
281
Shares issued in connection with salon
acquisitions
155,338
8
8,992
9,000
Tax benefit realized upon exercise of
stock options
8,314
8,314
Dividends
(6,166
)
(6,166
)
Balance, June 30, 2004
44,283,949
2,214
220,204
40,615
418,987
682,020
$
117,068
Net income
64,631
64,631
64,631
Foreign currency translation adjustments
4,758
4,758
4,758
Changes in fair market value of
financial instruments designated as hedges
of interest rate exposure, net of taxes and
transfers
751
751
751
Stock repurchase plan
(608,115
)
(30
)
(23,087
)
(23,117
)
Proceeds from exercise of stock options
1,039,623
52
17,205
17,257
Share
-
based compensation
1,222
1,222
Shares issued through franchise stock
incentive program
5,618
251
251
Shares issued in connection with salon
acquisitions
75,177
4
4,996
5,000
Tax benefit realized upon exercise of
stock options
9,088
9,088
Issuance of restricted stock
155,750
8
(8
)
—
Dividends
(7,149
)
(7,149
)
Balance, June 30, 2005
44,952,002
$
2,248
$
229,871
$
46,124
$
476,469
$
754,712
$
70,140