Under Armour 2007 Annual Report Download - page 57

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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, 2004 ............. 31,890 $ 11 — $ — 1,208 $ 1 $ 7,733 $ 13,655 $ — $(118) $ (45) $ 21,237
Issuance of Class A Common Stock, net of
issuance costs of $10,824 .................. 9,500 3 — — — — 112,673 — — — — 112,676
Convertible Common Stock held by Rosewood
entities converted to Class A Common Stock . . . 3,624 1 — — (1,208) (1) — — — — — —
Class A Common Stock converted to Class B
Common Stock ..........................(15,200) (5) 15,200 5 — — — — — — — —
Accretion of and cumulative preferred dividends
on Series A Preferred Stock ................ — — — — — — — (5,307) — — — (5,307)
Exercise of stock options .................... 1,139 — — — — — 754 — — (262) — 492
Issuance of Class A Common Stock, net of
forfeitures .............................. 270 — — — — — 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, net
oftax$2 ........................... — — — — — — — — — — 42 42
Comprehensive income .................. 19,761 19,761
Balance as of December 31, 2005 ............. 31,223 10 15,200 5 — — 124,803 28,067 (1,889) (163) (3) 150,830
Class B Common Stock converted to Class A
Common Stock .......................... 1,950 1 (1,950) (1) — — — — — — — —
Exercise of stock options .................... 1,292 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 ............................ (25) — — — — — (64) (670) — — — (734)
Issuance of Class A Common Stock, net of
forfeitures .............................. 116 — — — — — 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, net
of tax ($63). ......................... — — — — — — — — — — (100) (100)
Comprehensive income .................. 38,879 38,879
Balance as of December 31, 2006 ............. 34,556 12 13,250 4 — — 148,562 66,376 (463) — (103) 214,388
Class B Common Stock converted to Class A
Common Stock .......................... 750 — (750) — — — — — — — — —
Exercise of stock options .................... 660 — — — — — 2,206 — — — — 2,206
Issuance of Class A Common Stock, net of
forfeitures .............................. 224 — — — — — 976 — — — — 976
Stock-based compensation expense ............ — — — — — — 3,901 — 281 — — 4,182
Excess tax benefits from stock-based
compensation arrangements ................ — — — — — — 6,717 — — — — 6,717
Effect of adoption of FIN 48 .................. — — — — — — — (1,152) — — — (1,152)
Comprehensive income :
Net income ........................... — — — — — — — 52,558 — — — 52,558
Foreign currency translation adjustment, net
of tax $201. ......................... — — — — — — — — — — 610 610
Comprehensive income .................. $53,168 53,168
Balance as of December 31, 2007 ............. 36,190 $ 12 12,500 $ 4 — $ — $162,362 $117,782 $ (182) $ — $ 507 $280,485
See accompanying notes.
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