THQ 2005 Annual Report Download - page 78

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THQ INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands, except per share data)
See notes to consolidated financial statements.
55
Year Ended December 31, 2002 and Three Months Ended March 31, 2003 and Fiscal Years Ended
March 31, 2004 and 2005
Accumulated
Other
Common Stock Additional Comprehensive Retained
Shares Amount Paid-In Capital Income (Loss) Earnings Total
Balance at January 1, 2002 ........................... 38,979,747 $ 390 $ 316,758 $ (2,187 ) $ 83,901 $ 398,862
Exercise of options ................................. 932,234 97,741 — — 7,750
Issuance of common stock for ValuSoft acquisition.......... 166,600 24,626 — — 4,628
Issuance of warrants ................................ — —1,214 — — 1,214
Repurchase of common stock ......................... (1,671,531) (17 ) (24,988 ) — — (25,005)
Adjustments related to 2001 secondary offering ............ — —52 — — 52
Stock compensation................................ 8,952 —436 — — 436
Tax benefit related to the exercise of employee stock options.. — —5,124 — — 5,124
Comprehensive income:
Net income .................................... — —— — 12,994 12,994
Other comprehensive income .......................
Foreign currency translation adjustment............. — —— 4,318 — 4,318
Unrealized loss on investments ................... — —— (1,507 ) — (1,507)
Comprehensive income. ............................. 15,805
Balance at December 31, 2002 ......................... 38,416,002 384 310,963 624 96,895 408,866
Exercise of options ................................. 144,411 21,406 — — 1,408
Tax benefit related to the exercise of employee stock options.. — —181 — — 181
Repurchase of common stock ......................... (568,307) (6) (7,752) — — (7,758)
Stock compensation................................ 15,773 —530 — — 530
Comprehensive loss:
Net loss ....................................... — —— — (7,686
)(7,686)
Other comprehensive loss. .........................
Foreign currency translation adjustment............. — —— (404 ) — (404)
Unrealized loss on investments ................... — —— (1,127 ) — (1,127)
Reclassification adjustment for net losses included in
net income. ............................... ——— 2,403 2,403
Comprehensive loss. ................................ (6,814)
Balance at March 31, 2003 ........................... 38,007,879 380 305,328 1,496 89,209 396,413
Exercise of options ................................. 868,190 97,112 — — 7,121
Issuance of warrants ................................ — —956 — — 956
Repurchase of common stock ......................... (709,091) (7) (10,987 ) — — (10,994)
Stock compensation................................ — —84 — — 84
Tax benefit related to the exercise of employee stock options.. — —2,367 — — 2,367
Comprehensive income:
Net income .................................... — —— — 35,839 35,839
Other comprehensive income .......................
Foreign currency translation adjustment............. — —— 5,431 — 5,431
Unrealized gain on investments ................... — —— 1,375 — 1,375
Comprehensive income. ............................. 42,645
Balance at March 31, 2004 ........................... 38,166,978 382 304,860 8,302 125,048 438,592
Exercise of options ................................. 2,792,77028 42,817 — — 42,845
Issuance of warrants ................................ — —2,422 — — 2,422
Repurchase of common stock ......................... (500,000) (5) (9,075) — — (9,080)
Tax benefit related to the exercise of employee stock options.. — —6,640 — — 6,640
Comprehensive income:
Net income .................................... — —— — 62,790 62,790
Other comprehensive income .......................
Foreign currency translation adjustment............. — —— 2,802 — 2,802
Unrealized gain on investments, net of $1.9 million tax
benefit. .................................. — —— 1,747 — 1,747
Comprehensive income. ............................. 67,339
Balance at March 31, 2005 ........................... 40,459,748 $ 405 $ 347,664 $ 1 2,851 $ 1 87,838 $ 548,758