WeightWatchers 2007 Annual Report Download - page 67

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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 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)
Comprehensive Income:
Net income ...................... 201,180 201,180
Translation adjustment, net of taxes of
($4,734) ...................... 8,049 8,049
Changes in fair value of derivatives
accounted for as hedges, net of taxes
of $10,199 ..................... (15,950) (15,950)
Total Comprehensive Income ........... 193,279
Cumulative effect of adoption of FIN 48 . . . (1,907) (1,907)
Issuance of treasury stock under stock plans . . (967) 3,908 13,453 17,361
Tax benefit of restricted stock units vested
and stock options exercised ........... 10,879 10,879
Cash dividends declared ................ (55,694) (55,694)
Purchase of treasury stock .............. 19,059 (1,033,644) (1,033,644)
Compensation expense on share-based
awards ............................ 11,763 11,763
Balance at December 29, 2007 ...........111,988 $— 32,578 $(1,570,054) $ (1,654) $(304,835) $950,213 $ (926,330)
The accompanying notes are an integral part of the consolidated financial statements.
F-5