Adobe 2001 Annual Report Download - page 62

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ADOBE SYSTEMS INCORPORATED
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
AND OTHER COMPREHENSIVE INCOME
(In thousands)
Common Stock Accumulated
and Additional Other
Paid-in Capital Treasury Stock
Retained Comprehensive Comprehensive
Shares Amount Earnings Income Income (Loss) Shares Amount Total
Balances as of November 27, 1998 ....... 295,764 $306,859 $ 732,730 — $ (1,879) (52,200) $ (521,345) $ 516,365
Comprehensive income:
Net income .................... — — 237,751 $237,751 — — — 237,751
Other comprehensive income, net of tax:
Net unrealized gain on investments ..... — — — 128,076 128,076 — — 128,076
Reclassification adjustment .......... — — — (58,570) (58,570) — — (58,570)
Tax provision on above ............. — — — (26,698) (26,698) — — (26,698)
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 — — — 278 2,530 5,272
Dividends declared ................. — — (12,623) — — — — (12,623)
Purchase of treasury stock ............ — — — — — (26,212) (479,161) (479,161)
Reissuance of treasury stock under employee
stock and stock option plans ......... — — (61,619) — — 19,448 204,557 142,938
Proceeds from sale of put warrants ....... — 978 — — — — — 978
Balances as of December 3, 1999 ........ 295,764 $369,057 $ 896,239 — $ 40,332 (58,686) $ (793,419) $ 512,209
Comprehensive income:
Net income .................... — — 287,808 $287,808 — — — 287,808
Other comprehensive income, net of tax:
Net unrealized loss on investments ..... — — — (66,840) (66,840) — — (66,840)
Reclassification adjustment .......... — — — 4,282 4,282 — — 4,282
Tax provision on above ............. — — — 24,073 24,073 — — 24,073
Foreign currency translation adjustments . . — — — (2,545) (2,545) — — (2,545)
Other comprehensive loss ........... — — — (41,030) — — — —
Comprehensive income, net of tax ....... — — — $246,778 — — — —
Tax benefit from employee stock option
plans ........................ — 124,922 — — — — — 124,922
Stock compensation expense ........... — 10,896 — — — 569 5,603 16,499
Dividends declared ................. — — (11,543) — — — — (11,543)
Purchase of treasury stock ............ — — — — — (7,184) (255,456) (255,456)
Reissuance of treasury stock under employee
stock and stock option plans ......... — 25,926 — — 10,483 93,209 119,135
Balances as of December 1, 2000 ........ 295,764 $530,801 $1,172,504 — $ (698) (54,818) $ (950,063) $ 752,544
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