Thrifty Car Rental 2010 Annual Report Download - page 59

Download and view the complete annual report

Please find page 59 of the 2010 Thrifty Car Rental annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 117

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117

DOLLAR THRIFTY AUTOMOTIVE GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY AND COMPREHENSIVE INCOME (LOSS)
YEAR ENDED DECEMBER 31, 2010, 2009 AND 2008
(In Thousands Except Share and Per Share Data)
Retained Accumulated
Earnings Other Total
Additional (Accumulated Comprehensive Stockholders’
Shares Amount Capital Deficit) Income (Loss) Shares Amount Equity
BALANCE, JANUARY 1, 2008 27,903,258 278$ 799,449$ 8,511$ (1,804)$ (6,414,906) (227,569)$ 578,865$
Issuance of common shares for
director compensation 23,250 - 280 - - - - 280
Stock option transactions 2,733 1 31 - - - - 32
Performance share incentive plan - - 3,195 - - - - 3,195
Issuance of common stock in settlement
of vested performance shares 110,417 1 - - - - - 1
Restricted stock for director
compensation - - 349 - - - - 349
Comprehensive loss:
Net loss (346,718) (346,718)
Interest rate swap (20,973) (20,973)
Foreign currency translation (6,611) (6,611)
Total comprehensive loss (374,302)
BALANCE, DECEMBER 31, 2008 28,039,658 280 803,304 (338,207) (29,388) (6,414,906) (227,569) 208,420
Issuance of common shares for
director compensation 49,995 1 531 - - - - 532
Tax benefit of stock option transactions - - 1,281 - - - - 1,281
Stock option transactions 136,500 1 2,289 - - - - 2,290
Share-based payment plans - - 4,698 - - - - 4,698
Issuance of common stock in settlement
of vested performance shares 64,190 1 - - - - - 1
Issuance of common stock in
settlement of vested restricted stock 48,508 - - - - - - -
Public stock offering, net of fees 6,612,500 66 120,590 - - - - 120,656
Comprehensive income:
Net income 45,022 45,022
Interest rate swap 8,662 8,662
Foreign currency translation 2,352 2,352
Total comprehensive income 56,036
BALANCE, DECEMBER 31, 2009 34,951,351 349 932,693 (293,185) (18,374) (6,414,906) (227,569) 393,914
Tax benefit of stock option transactions - - 381 - - - - 381
Stock option transactions 172,733 2 2,985 - - - - 2,987
Share-based payment plans - - 4,785 - - - - 4,785
Issuance of common stock in settlement
of vested performance shares 35,910 - - - - (11,818) (382) (382)
Issuance of common stock in
settlement of vested restricted stock 37,173 1 - - - (6,991) (340) (339)
Comprehensive income:
Net income 131,216 131,216
Interest rate swap 5,543 5,543
Foreign currency translation 502 502
Total comprehensive income 137,261
BALANCE, DECEMBER 31, 2010 35,197,167 352$ 940,844$ (161,969)$ (12,329)$ (6,433,715) (228,291)$ 538,607$
See notes to consolidated financial statements.
Treasury Stock
Common Stock
$.01 Par Value
58