WeightWatchers 2003 Annual Report Download - page 58

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)
(IN THOUSANDS)
Accumulated
Other Retained
Common Stock Treasury Stock Deferred Comprehensive Earnings
Shares Amount Shares Amount Compensation Income (Loss) (Deficit) Total
Balance at December 30, 2000 .... 111,988 $ — — $ — $ — $ (6,271) $(216,507) $(222,778)
Comprehensive Income:
Net income ............... 147,187 147,187
Translation adjustment ........ (3,132) (3,132)
Changes in fair value of derivatives
accounted for as hedges, net of
taxes of $2,303 ............ (3,920) (3,920)
Total Comprehensive Income ..... 140,135
Preferred stock dividend ........ (1,500) (1,500)
Purchase of treasury stock ....... 6,719 (27,132) (27,132)
Stock options exercised ......... (93) 375 (177) 198
Sale of common stock .......... (138) 561 (36) 525
Cost of public equity offering ..... (2,965) (2,965)
Balance at December 29, 2001 .... 111,988 $ — 6,488 $(26,196) $ — $(13,323) $ (73,998) $(113,517)
Comprehensive Income:
Net income ............... 143,694 143,694
Translation adjustment, net of
taxes of $835 ............. 8,205 8,205
Changes in fair value of derivatives
accounted for as hedges, net of
taxes of $(443) ............ 1,245 1,245
Total Comprehensive Income ..... 153,144
Preferred stock dividend ........ (254) (254)
Stock options exercised ......... (777) 3,135 (1,441) 1,694
Tax benefit of stock options exercised 6,331 6,331
Cost of secondary public equity
offering .................. (850) (850)
Balance at December 28, 2002 .... 111,988 $ — 5,711 $(23,061) $ — $ (3,873) $ 73,482 $ 46,548
Comprehensive Income:
Net income ............... 143,941 143,941
Translation adjustment, net of
taxes of $4,116 ............ 7,733 7,733
Changes in fair value of derivatives
accounted for as hedges, net of
taxes of $1,687 ............ 2,406 2,406
Total Comprehensive Income ..... 154,080
Stock options exercised ......... (856) 3,455 (1,452) 2,003
Tax benefit of stock options exercised 7,319 7,319
Purchase of treasury stock ....... 784 (28,815) (28,815)
Restricted stock issued to employees . (267) 267 —
Compensation expense on restricted
stock awards .............. 53 53
Balance at January 3, 2004 ....... 111,988 $ — 5,639 $(48,421) $(214) $ 6,266 $ 223,557 $ 181,188
The accompanying notes are an integral part of the consolidated financial statements.
F-4