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53
VISTAPRINT N.V.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in thousands)
Ordinary Shares Treasury Shares
Number
of
Shares
Issued Amount
Number
of
Shares Amount
Additional
Paid-in
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total
Shareholders’
Equity
Balance at June 30, 2010 . . . . . . . . . 49,891 $ 698 (6,036) $ (29,637) $ 249,153 $ 166,525 $ (10,625) $ 376,114
Issuance of ordinary shares due to
share option exercises . . . . . . . . . . . 59 1 256 3,035 3,977 7,013
Restricted share units vested, net of
shares withheld for taxes . . . . . . . . . 301 (1,840) (3,813) (5,653)
Excess tax benefits from share-
based compensation. . . . . . . . . . . . . 2,515 2,515
Share-based compensation
expense . . . . . . . . . . . . . . . . . . . . . . 21,428 21,428
Purchase of ordinary shares. . . . . . . (1,327) (56,935) (56,935)
Net income . . . . . . . . . . . . . . . . . . . . 82,109 82,109
Foreign currency translation . . . . . . . 23,483 23,483
Reclassification of unrealized gains
to net income . . . . . . . . . . . . . . . . . . 19 19
Balance at June 30, 2011 . . . . . . . . . 49,950 $ 699 (6,806) $ (85,377) $ 273,260 248,634 $ 12,877 $450,093
Issuance of ordinary shares due to
share option exercises . . . . . . . . . . . 92 1,938 (544) 1,394
Restricted share units vested, net of
shares withheld for taxes . . . . . . . . . 278 3,445 (7,594) (4,149)
Grant of restricted share awards. . . . 506 10,754 (10,754) —
Excess tax benefits from share-
based compensation. . . . . . . . . . . . . 6,108 6,108
Share-based compensation
expense . . . . . . . . . . . . . . . . . . . . . . 25,157 25,157
Purchase of ordinary shares. . . . . . . (9,901) (309,701) (309,701)
Net income . . . . . . . . . . . . . . . . . . . . 43,994 43,994
Foreign currency translation . . . . . . . (23,609) (23,609)
Balance at June 30, 2012 . . . . . . . . . 49,950 $ 699 (15,831) $(378,941) $ 285,633 $ 292,628 $ (10,732) $ 189,287
Issuance of ordinary shares due to
share option exercises . . . . . . . . . . . 281 8,715 (3,910) 4,805
Cancellation of treasury shares (5,870) (84) 5,870 30,262 (7,259) (22,919) —
Restricted share units vested, net of
shares withheld for taxes . . . . . . . . . 242 6,014 (9,570) (3,556)
Excess tax benefits from share-
based compensation. . . . . . . . . . . . . 1,796 1,796
Share-based compensation
expense . . . . . . . . . . . . . . . . . . . . . . 32,969 32,969
Purchase of ordinary shares. . . . . . . (1,851) (64,351) (64,351)
Net income . . . . . . . . . . . . . . . . . . . . 29,435 29,435
Net unrealized gain on derivative
instruments designated and
qualifying as cash flow hedges . . . . . 86 86
Foreign currency translation . . . . . . . (910)(910)
Balance at June 30, 2013 . . . . . . . . . 44,080 $ 615 (11,289) $(398,301) $ 299,659 $ 299,144 $ (11,556) $ 189,561
See accompanying notes.
Form 10-K