Adaptec 2004 Annual Report Download - page 58

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PMC−Sierra, Inc.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands)
Shares of
Common
Stock (1)
Common Stock
and
Additional
Paid in Capital (1)
Deferred
Stock
Compensation
Accumulated
Other
Comprehensive
Income
Retained
Earnings
(Accumulated
Deficit)
Total
Stockholders’
Equity
Balances at December 31, 2001 165,702 $ 824,321 $ (4,186) $ 25,492 $ (573,400) $ 272,227
Net loss — — — — (65,007) (65,007)
Other comprehensive gain (loss):
Change in net unrealized gains on
investments — — — (21,553) — (21,553)
Comprehensive loss — — — — — (86,560)
Conversion of special shares into
common stock 177 265 — — — 265
Issuance of common stock under stock
benefit plans 1,509 9,874 — — — 9,874
Conversion of warrants into common
stock 12 20 — — — 20
Deferred stock compensation — (215) 215 — — —
Amortization of deferred stock
compensation — — 2,813 — — 2,813
Balances at December 31, 2002 167,400 834,265 (1,158) 3,939 (638,407) 198,639
Net loss — — — — (7,991) (7,991)
Other comprehensive gain (loss):
Change in net unrealized gains on
investments — — — (3,297) — (3,297)
Change in fair value of derivatives — — — 1,196 — 1,196
Comprehensive loss — — — — — (10,092)
Conversion of special shares into
common stock 275 533 — — — 533
Issuance of common stock under stock
benefit plans 6,592 36,208 — — — 36,208
Conversion of warrants into common
stock 22 — — — — —
Deferred stock compensation — (149) 149 — — —
Amortization of deferred stock
compensation — — 1,009 — — 1,009
Balances at December 31, 2003 174,289 870,857 — 1,838 (646,398) 226,297
Net income — — — — 51,681 51,681
Other comprehensive gain (loss):
Change in net unrealized gains on
investments — — — (1,559) — (1,559)
Change in fair value of derivatives — — — 71 — 71
Comprehensive income — — — — — 50,193
Conversion of special shares into
common stock 23 85 — — — 85
Issuance of common stock under stock
benefit plans 4,198 23,459 (697) — — 22,762
Deferred stock compensation — (697) 697 — — —
Balances at December 31, 2004 178,510 $ 893,704 $ — $ 350 $ (594,717) $ 299,337
(1) includes exchangeable shares
See notes to the consolidated financial statements.
52