eFax 2008 Annual Report Download - page 42
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See Notes to Consolidated Financial Statements
40
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Years Ended December 31, 2008, 2007 and 2006
(In thousands, except share amounts)
Common stock Treasury stock
Shares Amount
Additional
paid-in
capital Shares Amount
Notes
receivable
from
stockholders
Retained
earnings
Accumulated
other
comprehensive
income/(loss)
Stockholders’
equity
Balance, December 31, 2005 53,184,296 $ 532 $ 147,898 (3,660,324) $ (4,643) $ — $ 59,604 $ (1,136) $ 202,255
Comprehensive income:
Net earnings — — — — — — 53,131 — 53,131
Foreign currency translation
adjustment — — — — — — — 2,319 2,319
Comprehensive income — — — — — — 53,131 2,319 55,450
Exercise of stock options 228,883 3 925 — — — — — 928
Issuance of common stock under
employee stock purchase plan 20,849 — 472 — — — — — 472
Tax benefit of stock option exercises
and restricted stock — — 1,556 — — — — — 1,556
Repurchase of common stock (11,608) (470,900) (4) — — — (11,612)
Issuance of restricted stock, net 15,340 — — — — — — — —
Share-based compensation — — 5,692 — — — — — 5,692
Balance, December 31, 2006 53,449,368 535 144,935
(4,131,224) (4,647) — 112,735 1,183 254,741
Comprehensive income:
Adoption of FIN 48 — — — — — — (18,915) — (18,915)
Net earnings — — — — — — 68,461 — 68,461
Foreign currency translation — — — — — — — 2,111 2,111
Unrealized loss on available-for-
sale investments — — — — — — — (345) (345)
Comprehensive income — — — — — — 49,546 1,766 51,312
Exercise of stock options 776,273 7 7,693 — — — — — 7,700
Issuance of common stock under
employee stock purchase plan 9,282 — 266 — — — — — 266
Tax benefit of stock option exercises
and restricted stock — — 3,608 — — — — — 3,608
Repurchase of common stock — — (42,349) (1,529,100) (15) — — — (42,364)