Washington Post 1999 Annual Report Download - page 12

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Cumulative Unrealized
Foreign Gain on
Class A Class B Capital in Currency Available-
Common Common Excess of Retained Translation for-Sale Treasury
(in thousands, except share amounts) Stock Stock Par Value Earnings Adjustment Securities Stock
Balance, December 29, 1996.............................. $1,779 $ 18,221 $ 26,455 $ 2,002,359 $ 4,663 $ 3,155 $ (733,829)
Net income for the year ................................... 281,574
Dividends paid on common stock—$4.80 per share... (51,636)
Dividends paid on redeemable preferred stock ........ (956)
Repurchase of 846,290 shares of
Class B common stock .................................. (368,565)
Issuance of 24,962 shares of Class B common
stock, net of restricted stock award forfeitures ..... 6,025 2,145
Change in foreign currency translation
adjustment (net of taxes) ........................... (5,127)
Change in unrealized gain on available-for-sale
securities (net of taxes) ................................. (3,124)
Conversion of Class A common stock to
Class B common stock ................................. (40) 40
Tax benefits arising from employee stock plans ........ 935
Balance, December 28, 1997.............................. 1,739 18,261 33,415 2,231,341 (464) 31 (1,100,249)
Net income for the year ................................... 417,259
Dividends paid on common stock—$5.00 per share... (50,427)
Dividends paid on redeemable preferred stock ........ (956)
Repurchase of 41,033 shares of
Class B common stock .................................. (20,512)
Issuance of 45,065 shares of Class B common
stock, net of restricted stock award forfeitures ..... 9,772 5,068
Change in foreign currency translation
adjustment (net of taxes)............................... (1,136)
Change in unrealized gain on available-for-sale
securities (net of taxes)............................... 41,949
Tax benefits arising from employee stock plans ....... 3,012
Balance, January 3, 1999 .................................. 1,739 18,261 46,199 2,597,217 (1,600) 41,980 (1,115,693)
Net income for the year .................................. 225,785
Dividends paid on common stock—$5.20 per share... (52,376)
Dividends paid on redeemable preferred stock ......... (950)
Repurchase of 744,095 shares of
Class B common stock ................................. (425,865)
Issuance of 90,247 shares of Class B common
stock, net of restricted stock award forfeitures ..... 16,023 10,425
Change in foreign currency translation
adjustment (net of taxes)............................... (3,289)
Change in unrealized gain on available-for-sale
securities (net of taxes) ................................ (36,711)
Issuance of subsidiary stock (net of taxes).............. 34,571
Tax benefits arising from employee stock plans ........ 12,074
Balance, January 2, 2000 ................................. $1,739 $ 18,261 $ 108,867 $ 2,769,676 $ (4,889) $ 5,269 $ (1,531,133)
The information on pages 44 through 55 is an integral part of the financial statements.
43THE WASHINGTON POST COMPANY
CONSOLIDATED STATEMENTS OF CHANGES IN COMMON SHAREHOLDERS’ EQUITY