Adaptec 2008 Annual Report Download - page 54

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PMC-Sierra, Inc.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands)
Shares
of
Common
Stock
Common
Stock
Additional
Paid in
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings
(Accumulated
Deficit)
Total
Stockholders’
Equity
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
Net income ....................... — — — — 133,923 133,923
Other comprehensive income (loss):
Change in fair value of derivatives .... — — — (4,655) — (4,655)
Comprehensive income ............. 129,268
Conversion of special shares into
common shares .................. 20 — 17 — — 17
Issuance of common stock under stock
benefit plans .................... 3,905 4 16,580 — — 16,584
Issuance of restricted stock units ...... 125 — (75) — — (75)
Stock-based compensation expense .... — — 24,838 — — 24,838
Balances at December 28, 2008 ...... 221,335 $241 $1,436,306 $(3,218) $(666,701) $ 766,628
See notes to the consolidated financial statements.
54