WeightWatchers 2005 Annual Report Download - page 82

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)
(IN THOUSANDS)
Accumulated Dividend
Other to Artal
Common Stock Treasury Stock Deferred Comprehensive Luxembourg Retained
Shares Amount Shares Amount Compensation Income (Loss) S.A. Earnings Total
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
Comprehensive Income:
Net income ................ 183,084 183,084
Translation adjustment, net of taxes of
($650) .................. (673) (673)
Changes in fair value of derivatives
accounted for as hedges, net of
taxes of ($128) ............. 201 201
Total Comprehensive Income ....... 182,612
Stock options exercised .......... (732) 2,955 (1,076) 1,879
Tax benefit of stock options exercised . . 7,678 7,678
Purchase of treasury stock ......... 4,668 (177,081) (177,081)
Restricted stock issued to employees . . . (162) 162 —
Compensation expense on restricted
stock awards ............... 143 143
Cumulative effect of accounting change . 20 20
Balance at January 1, 2005 ........ 111,988 $— 9,575 $(222,547) $ (233) $ 5,794 $ — $ 413,425 $ 196,439
Comprehensive Income:
Net income ................ 174,402 174,402
Translation adjustment, net of taxes of
$853 ................... (1,272) (1,272)
Changes in fair value of derivatives
accounted for as hedges, net of
taxes of ($942) ............. 1,473 1,473
Total Comprehensive Income ....... 174,603
Issuance of treasury stock under
employee stock plans .......... (1,897) 7,663 (3,951) 3,712
Tax benefit of stock options exercised . . 26,770 26,770
Excersise of WW.com warrants ...... (4,261) (4,261)
Dividend to Artal Luxembourg S.A. . . . (304,835) (304,835)
Purchase of treasury stock ......... 3,732 (175,980) (175,980)
Restricted stock granted to employees . . (11,085) 11,085 —
Compensation expense on restricted
stock awards ............... 2,901 2,901
Balance at December 31, 2005 ...... 111,988 $— 11,410 $(390,864) $ (8,417) $ 5,995 $(304,835) $ 617,470 $ (80,651)
The accompanying notes are an integral part of the consolidated financial statements
F-6