Alaska Airlines and Horizon Air 2007 Annual Report Download - page 168

ALASKA AIR GROUP, INC.
CONSOLIDATED STATEMENT OF
SHAREHOLDERS’ EQUITY—(Continued)
(In millions)
Common
Shares
Outstanding
Common
Stock
Capital in
Excess
of
Par Value
Treasury
Stock,
at Cost
Deferred
Stock-Based
Compensation
Accumulated
Other
Comprehensive
Loss
Retained
Earnings Total
Implementation of SFAS 123R ...... (8.1) 8.1 0.0
Stock-based compensation ......... 8.2 8.2
Treasury stock issued under stock
plans ........................ 0.272 — — 6.2 6.2
Stock issued for employee stock
purchase plan ................. 0.093 0.1 2.4 — 2.5
Stock issued under stock plans,
including $4.1 tax benefit ........ 0.706 0.7 25.3 — 26.0
Stock issued upon conversion of
senior convertible notes, net of
$4.4 million of unamortized
issuance costs ................ 5.769 5.8 139.8 145.6
Balances at December 31, 2006 .... 40.294 $42.5 $877.9 $ (50.4) $0.0 $(191.4) $206.9 $ 885.5
2007 net income ................ 125.0 125.0
Other comprehensive income (loss):
Related to marketable securities:
Change in fair value ....... 3.2
Reclassification to
earnings .............. 2.0
Income tax effect ......... (1.9)
3.3 3.3
Related to employee benefit
plans:
Pension liability adjustment,
net of $29.6 tax effect . . . 49.8 49.8
Postretirement medical
liability adjustment, net of
$2.5 tax effect ......... 4.1 4.1
Officers supplemental
retirement plan, net of
$0.5 tax effect ......... 0.9 0.9
Total comprehensive income ....... 183.1
Purchase of treasury stock ......... (2.593) (62.8) (62.8)
Stock-based compensation ......... 11.2 11.2
Treasury stock issued under stock
plans ........................ 0.029 — — 0.7 0.7
Stock issued for employee stock
purchase plan ................. 0.127 0.1 2.9 3.0
Stock issued under stock plans,
including $0.4 tax benefit ........ 0.194 0.2 3.1 3.3
Balances at December 31, 2007 .... 38.051 $42.8 $895.1 $(112.5) $(133.3) $331.9 $1,024.0
See accompanying notes to consolidated financial statements.
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