Under Armour 2006 Annual Report Download - page 52

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Under Armour, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity and Comprehensive Income
(in thousands)
Class A
Common Stock
Class B
Convertible
Common Stock
Convertible
Common Stock
held by Rosewood
entities Additional
Paid-In
Capital
Retained
Earnings
Unearned
Compen-
sation
Notes
Receivable
from
Stockholders
Accum
ulated
Other
Compre-
hensive
Loss
Compre-
hensive
Income
Total
Stockholders’
EquityShares Amount Shares Amount Shares Amount
Balance as of December 31, 2003 .......... 31,200.0 $ 10 — $— 1,208.1 $ 1 $ 7,656 $ 4,327 $ — $(129) $ — $ 11,865
Accretion of and cumulative preferred
dividends on Series A Preferred Stock ..... — — — — — — — (1,994) — — — (1,994)
Dividends .............................. — — — — — — — (5,000) — — — (5,000)
Exercise of stock options .................. 690.0 1 — — — — 77 — — — — 78
Interest earned on notes receivable from
stockholders .......................... — — — — — — — — — (6) — (6)
Payments received on notes from
stockholders .......................... — — — — — — — — — 17 — 17
Comprehensive income: ..................
Net income ......................... — — — — — — — 16,322 — — — $16,322
Foreign currency translation adjustment,
netoftaxof$17 ................... — — — — — — — — — — (45) (45)
Comprehensive Income ............... 16,277 16,277
Balance as of December 31, 2004 .......... 31,890.0 11 — — 1,208.1 1 7,733 13,655 — (118) (45) 21,237
Issuance of Class A Common Stock, net of
issuance costs of $10,824 ............... 9,500.0 3 — — — — 112,673 — — — — 112,676
Convertible Common Stock held by Rosewood
entities converted to Class A Common
Stock ............................... 3,624.3 1 — — (1,208.1) (1) — — — — — —
Class A Common Stock converted to Class B
Common Stock .......................(15,200.0) (5) 15,200.0 5 — — — — — — — —
Accretion of and cumulative preferred
dividends on Series A Preferred Stock ..... — — — — — — — (5,307) — — — (5,307)
Exercise of stock options .................. 1,138.8 — — — — — 754 — — (262) — 492
Issuance of Class A Common Stock net of
forfeitures ............................ 270.3 — — — — — 2,291 — (1,793) — — 498
Stock options granted .................... — — — — — — 1,273 — (951) — — 322
Amortization of unearned compensation ...... — — — — — — — — 855 — — 855
Excess tax benefits from stock-based
compensation arrangements .............. — — — — — — 79 — — — — 79
Payments received on notes from
stockholders .......................... — — — — — — — — — 229 — 229
Interest earned on notes receivable from
stockholders .......................... — — — — — — — — — (12) — (12)
Comprehensive income ...................
Net income ......................... — — — — — — — 19,719 — — — 19,719
Foreign currency translation adjustment,
netoftax$2 ...................... — — — — — — — — — — 42 42
Comprehensive income ............... 19,761 19,761
Balance as of December 31, 2005 .......... 31,223.4 10 15,200.0 5 — — 124,803 28,067 (1,889) (163) (3) 150,830
Class B Common Stock converted to Class A
Common Stock ....................... 1,950.0 1 (1,950.0) (1) — — — — — — — —
Exercise of stock options .................. 1,291.8 1 — — — — 2,955 — — — — 2,956
Issuance of fully vested warrants ............ — — — — — 8,500 — — — — 8,500
Shares withheld in consideration of employee
tax obligations relative to stock-based
compensation arrangements .............. (24.7) — — — — — (64) (670) — — — (734)
Issuance of Class A Common Stock net of
forfeitures ............................ 115.4 — — — — — 588 — — — — 588
Stock-based compensation expense .......... — — — — — — 1,235 — 711 — — 1,946
Excess tax benefits from stock-based
compensation arrangements .............. — — — — — — 11,260 — — — — 11,260
Reversal of unearned compensation and
additional paid in capital due to the adoption
of SFAS 123R ........................ — — — — — — (715) — 715 — — —
Payments received on notes from
stockholders .......................... — — — — — — — — — 169 — 169
Interest earned on notes receivable from
stockholders .......................... — — — — — — — — — (6) — (6)
Comprehensive income ...................
Net income ......................... — — — — — — — 38,979 — — — 38,979
Foreign currency translation adjustment,
netoftax$63 ..................... — — — — — — — — — — (100) (100)
Comprehensive income ............... — — — — — — — — — — — $38,879 38,879
Balance as of December 31, 2006 .......... 34,555.9 $ 12 13,250.0 $ 4 — $— $148,562 $66,376 $ (463) $ — $(103) $214,388
See accompanying notes.
44