WeightWatchers 2008 Annual Report Download - page 70

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ 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 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)
Comprehensive Income:
Net income ...................... 204,331 204,331
Translation adjustment, net of taxes of
$3,028 ........................ (4,949) (4,949)
Changes in fair value of derivatives
accounted for as hedges, net of taxes
of $14,278 ..................... (22,330) (22,330)
Total Comprehensive Income ............ 177,052
Issuance of treasury stock under stock
plans ............................. (297) 1,199 6,302 7,501
Tax benefit of restricted stock units vested
and stock options exercised ........... 13,621 13,621
Cash dividends declared ................ (54,689) (54,689)
Purchase of treasury stock .............. 2,786 (115,973) (115,973)
Compensation expense on share-based
awards ............................ 11,302 11,302
Balance at January 3, 2009 .............. 111,988 $— 35,067 $(1,684,828) $(28,933) $(304,835) $1,131,080 $ (887,516)
The accompanying notes are an integral part of the consolidated financial statements.
F-5