World Fuel Services 2004 Annual Report Download - page 52

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WORLD FUEL SERVICES CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(In thousands, except share data)
Capital in
Excess of Retained Unearned
Shares Amount Par Value Earnings Compensation Shares Amount Total
Balance at March 31, 2002 as
previously reported 25,530,000 255$ 29,564$ 106,841$ (116)$ 4,776,000 (20,105)$ 116,439$
Effect of restatement (see Note 2) - - - 877 - - - 877
Balance at March 31, 2002 as 25,530,000 255 29,564 107,718 (116) 4,776,000 (20,105) 117,316
restated
Net income, as restated - - - 10,047 - - - 10,047
Cash dividends declared - - - (2,379) - - - (2,379)
Issuance of restricted stock - - 1,112 - (1,918) (192,000) 806 -
Issuance of stock options - - 215 - (215) - - -
Amortization of unearned
deferred compensation - - - - 363 - - 363
Exercise of stock options,
including income tax
benefit of $475 - - 1,531 - - (434,000) 1,824 3,355
Other - - 46 - - (8,000) 34 80
Balance at December 31, 2002 as
restated 25,530,000 255 32,468 115,386 (1,886) 4,142,000 (17,441) 128,782
Net income, as restated - - - 22,161 - - - 22,161
Cash dividends declared - - - (3,232) - - - (3,232)
Issuance of restricted stock - - 388 - (652) (62,000) 264 -
Issuance of stock options - - 1,175 - (1,175) - - -
Amortization of unearned
deferred compensation - - - - 925 - - 925
Exercise of stock options,
including income tax
benefit of $196 - - 388 - - (126,000) 534 922
Other - - 126 - - (8,000) 34 160
Balance at December 31, 2003 as
restated 25,530,000 255 34,545 134,315 (2,788) 3,946,000 (16,609) 149,718
Net income - - - 28,559 - - - 28,559
Cash dividends declared - - - (3,378) - - - (3,378)
Issuance of restricted stock - - 2,586 - (3,249) (158,000) 663 -
Issuance of stock options - - 164 - (164) - - -
Amortization of unearned
deferred compensation - - - - 1,708 - - 1,708
Exercise of stock options,
including income tax
benefit of $4,517 - - 6,556 - - (1,080,000) 4,545 11,101
Other - - 573 - 124 (24,000) 98 795
Balance at December 31, 2004 25,530,000 255$ 44,424$ 159,496$ (4,369)$ 2,684,000 (11,303)$ 188,503$
Common Stock Treasury Stock
The accompanying notes are an integral part of these consolidated financial statements.
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