Adobe 1999 Annual Report Download - page 50

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49
ADOBE SYSTEMS INCORPORATED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
AND OTHER COMPREHENSIVE INCOME
(In thousands)
(Continued)
Common Stock Accumulated
and Additional Other
Paid-in Capital Treasury Stock
Retained Comprehensive Comprehensive
Shares Amount Earnings Income Income Shares Amount Total
Balances as of November 27, 1998 ......... 147,882 $306,859 $732,730 — $ (1,879) (26,100) $(521,345) $ 516,365
Comprehensive income:
Net income ...................... — — 237,751 $237,751 — — — 237,751
Other comprehensive income, net of tax:
Unrealized gains on investments ......... — — — 101,332 — — — —
Reclassification adjustments on unrealized
gains on investments ............... — — — (58,524) — — — —
Net unrealized gains (losses) on investments,
net of taxes of $26,698 ............. — — — 42,808 42,808 — — 42,808
Foreign currency translation adjustments . . . — — — (597) (597) — — (597)
Other comprehensive income ........... — — — 42,211 — — — —
Comprehensive income, net of tax ......... — — — $279,962 — — — —
Tax benefit from employee stock option plans . . — 58,478 — — — — — 58,478
Stock compensation expense ............. — 2,742 — — — — 2,530 5,272
Dividends declared ................... — — (12,623) — — — — (12,623)
Purchase of treasury stock .............. — — — — — (13,106) (479,161) (479,161)
Reissuance of treasury stock under employee
stock and stock option plans ........... — — (61,619) — — 9,863 204,557 142,938
Proceeds from sale of put warrants ........ — 978 — — — — — 978
Balances as of December 3, 1999 .......... 147,882 $369,057 $896,239 — $ 40,332 (29,343) $(793,419) $ 512,209
See accompanying Notes to Consolidated Financial Statements.