Travelzoo 2007 Annual Report Download - page 69

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TRAVELZOO INC.
CONSOLIDATED STATEMENTS OF
STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
Shares Amount
Treasury
Stock
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total
Stockholders’
Equity
(In thousands)
Common Stock
Balances, December 31, 2004 . . . 16,233 162 — 30,300 9,800 — 40,262
Proceeds from exercises of
options ................. 17 1 — 34 — — 35
Tax benefit of non- qualified
stock options exercise ....... — — — 435 — — 435
Additional issuance costs related
to Q4 2005 . ............. — — — (124) — — (124)
Comprehensive income:
Foreign currency translation
adjustment ............. — — — — — (38) (38)
Net income . . . ............. — — — — 7,963 — 7,963
Total comprehensive income. . . . — — — — — — 7,925
Balances, December 31, 2005 . . . 16,250 163 — 30,645 17,763 (38) 48,533
Repurchase of common stock . . . (1,000) — (28,579) — — — (28,579)
Retirement of common stock . . . — (10) 28,579 (28,569) — — —
Comprehensive income:
Foreign currency translation
adjustment . . ............. — — — — — 60 60
Net income . . . ............. — — — — 16,803 — 16,803
Total comprehensive income. . . . — — — — — — 16,863
Balances, December 31, 2006 . . . 15,250 153 — 2,076 34,566 22 36,817
Repurchase of common stock . . . (1,000) — (19,822) — — — (19,822)
Retirement of common stock . . . — (10) 19,822 (2,076) (17,736) — —
Comprehensive income:
Foreign currency translation
adjustment . . ............. — — — — — (202) (202)
Net income . . . ............. — — — — 9,109 — 9,109
Total comprehensive income. . . . — — — — — — 8,907
Balances, December 31, 2007 . . . 14,250 $143 $ — $ — $ 25,939 $(180) $ 25,902
See accompanying notes to consolidated financial statements
37