Adaptec 2007 Annual Report Download - page 66
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Table of Contents
PMC-Sierra, Inc.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands)
Shares
of
Common
Stock
Common
Stock
Additional
Paid in
Capital
Deferred
Stock
Compensation
Accumulated
Other
Comprehensive
(Loss) Income
Retained
Earnings
(Accumulated
Deficit)
Total
Stockholders’
Equity
Balances at December 26, 2004 178,510 179 983,155 — 350 (684,347) 299,337
Net income — — — — — 27,986 27,986
Other comprehensive income (loss):
Change in net unrealized gains on investments — — — — 929 — 929
Change in fair value of derivatives — — — — 444 — 444
Comprehensive income 29,359
Conversion of special shares into common stock 438 — 1,072 — — — 1,072
Issuance of common stock under stock benefit
plans 4,358 5 24,059 — — 24,064
Deferred stock compensation — — 215 (215) — — —
Amortization of deferred stock compensation — — — 215 — — 215
Balances at December 31, 2005 183,306 184 1,008,501 — 1,723 (656,361) 354,047
Net loss — — — — — (99,892) (99,892)
Other comprehensive income (loss):
Change in net unrealized gains on investments — — — — (12) — (12)
Change in fair value of derivatives — — — — (2,838) — (2,838)
Comprehensive loss (102,742)
Issuance of common stock and assumption of
stock options on acquisition of Passave Inc. 19,851 19 254,527 — — — 254,546
Conversion of special shares into common stock 361 — 629 — — — 629
Issuance of common stock under stock benefit
plans 7,132 27 26,013 — — — 26,040
Stock-based compensation expense — — 37,908 — — — 37,908
Balances at December 31, 2006 210,650 230 1,327,578 — (1,127) (756,253) 570,428
Net loss — — — — — (49,104) (49,104)
Adjustments related to adoption of FIN48 4,733 4,733
Other comprehensive income (loss):
Change in fair value of derivatives — — — — 2,564 — 2,564
Comprehensive loss (41,807)
Conversion of special shares into common stock 34 — 61 — — — 61
Issuance of common stock under stock benefit
plans 6,601 7 31,974 — — — 31,981
Stock-based compensation expense — — 35,333 — — — 35,333
Balances at December 30, 2007 217,285 $ 237 $ 1,394,946 $ — $ 1,437 $ (800,624) $ 595,996
See notes to the consolidated financial statements.
60
Source: PMC SIERRA INC, 10-K, February 22, 2008