WeightWatchers 2006 Annual Report Download - page 69

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)
(IN THOUSANDS)
Common Stock Treasury Stock
Accumulated
Other
Comprehensive
Income (Loss)
Dividend to
Artal
Luxembourg
S.A.
Retained
Earnings TotalShares Amount Shares Amount
Balance at January 3, 2004 ................ 111,988 $— 5,639 $ (48,421) $ 6,266 $ — $223,343 $ 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)
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) $ 5,794 $ — $413,192 $ 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
Exercise 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)
Compensation expense on restricted stock
awards .............................. 2,901 2,901
Balance at December 31, 2005 ............. 111,988 $— 11,410 $(390,864) $ 5,995 $(304,835) $609,053 $ (80,651)
Comprehensive Income:
Net income ........................ 209,825 209,825
Translation adjustment, net of taxes of
$(675) .......................... 699 699
Changes in fair value of derivatives
accounted for as hedges, net of taxes of
$287 ............................ (447) (447)
Total Comprehensive Income .............. 210,077
Issuance of treasury stock under stock plans . . . (551) 2,224 2,947 5,171
Tax benefit of restricted stock units vested and
stock options exercised ................. 6,234 6,234
Secondary offering fees ................... (455) (455)
Cash dividends declared .................. (68,854) (68,854)
Purchase of treasury stock ................. 3,627 (151,678) (151,678)
Compensation expense on share-based
awards .............................. 11,789 11,789
Balance at December 30, 2006 ............. 111,988 $— 14,486 $(540,318) $ 6,247 $(304,835) $770,539 $ (68,367)
The accompanying notes are an integral part of the consolidated financial statements.
F-6