3Ware 1999 Annual Report Download - page 27

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Accumulated Notes
Convertible Additional Other Retained Receivable Total
Preferred Stock Common Stock Paid-In Deferred Comprehensive Earnings From Stockholders’
(in thousands) Shares Amount Shares Amount Capital Compensation Income (Loss) (Deficit) Stockholders Equity
Balance, March 31, 1996 1,223 $12 4,968 $ 49 $ 36,971 $ — $ — $(15,444) $ (76) $ 21,512
Issuance of stock pursuant
to exercise of stock options — — 93 1 41————42
Repurchase of Common Stock — — (36) — (38) — — (107) — (145)
Payments on notes ————————1818
Net income ———————6,316 — 6,316
Balance, March 31, 1997 1,223 12 5,025 50 36,974 — — (9,235) (58) 27,743
Issuance of Common Stock,
net of issuance costs — — 5,039 51 51,942————51,993
Conversion of Convertible
Preferred Stock to
Common Stock (1,051) (11) 10,717 107 (96) —————
Issuance of stock pursuant
to exercise of stock options — — 1,702 17 858———(455) 420
Net exercise of warrants — — 53———————
Payments on notes ————————1212
Repurchase of Convertible
Preferred Stock (172) (1) — — (3,617) — — (259) — (3,877)
Deferred compensation
related to stock options ————599(599) ————
Amortization of
deferred compensation —————127———127
Net Income ———————15,216 — 15,216
Balance, March 31, 1998 — — 22,536 225 86,660 (472) — 5,722 (501) 91,634
Issuance of stock upon
formation of Cimaron — — 2,344 24 4,640 (230) — — — 4,434
Issuance of Common Stock under
employee stock purchase plans — — 417 4 3,175————3,179
Issuance of stock pursuant to
exercise of stock options — — 1,315 13 2,524 (964) — — — 1,573
Tax benefit of disqualifying
dispositions ————4,209————4,209
Payment on notes ————————4646
Deferred compensation related to
stock options and restricted stock ————1,317 (1,317) ————
Amortization of deferred
compensation —————860———860
Adjustment for change in
Cimaron Communications
Corporation’s year end ———————(1,341) — (1,341)
Comprehensive income:
Net income ———————17,133 — 17,133
Unrealized loss on short-term
investments, net of tax benefit ——————(33) — — (33)
Total comprehensive income —————————17,100
Balance, March 31, 1999 — $— 26,612 $266 $102,525 $(2,123) $(33) $ 21,514 $(455) $121,694
See accompanying notes.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS
’
EQUITY
25
1999
AMCC