Alaska Airlines and Horizon Air 2010 Annual Report Download - page 173

ALASKA AIR GROUP, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDER’S EQUITY
(in millions)
Common
Shares
Outstanding
Common
Stock
Capital in
Excess
of Par
Value
Treasury
Stock,
at Cost
Accumulated
Other
Comprehensive
Loss
Retained
Earnings Total
Balances at December 31, 2007 .......... 38.051 $42.8 $ 899.1 $(112.5) $(133.3) $ 329.3 $1,025.4
2008 net loss ......................... (135.9) (135.9)
Other comprehensive income (loss):
Related to marketable securities:
Change in fair value ................. (8.7)
Reclassification to earnings ........... (0.2)
Income tax effect ................... 3.3
(5.6) (5.6)
Related to employee benefit plans:
Pension liability adjustment, net of
$113.5 tax effect ................. (188.9) (188.9)
Postretirement medical liability
adjustment, net of $0.5 tax effect .... (0.8) (0.8)
Officers supplemental retirement plan,
net of $0.1 tax effect .............. 0.3 0.3
Total comprehensive loss ................ (330.9)
Purchase of treasury stock ............... (2.126) — — (48.9) (48.9)
Stock-based compensation ............... —— 13.4 — 13.4
Treasury stock issued under stock plans ..... 0.001 ——— —
Stock issued for employee stock purchase
plan ............................... 0.169 0.2 3.0 — 3.2
Stock issued under stock plans ............ 0.180 0.2 (0.5) — (0.3)
Balances at December 31, 2008 .......... 36.275 $43.2 $ 915.0 $(161.4) $(328.3) $ 193.4 $ 661.9
2009 net income ....................... 121.6 121.6
Other comprehensive income (loss):
Related to marketable securities:
Change in fair value ................. 20.4
Reclassification to earnings ........... (2.5)
Income tax effect ................... (6.7)
11.2 11.2
Related to employee benefit plans:
Pension liability adjustment, net of $42.3
tax effect ........................ 71.9 71.9
Postretirement medical liability
adjustment, net of $2.3 tax effect .... 3.9 3.9
Officers supplemental retirement plan,
net of $0.2 tax effect .............. (0.2) (0.2)
Related to interest rate derivative
instruments:
Change in fair value ................. 2.4
Income tax effect ................... (0.9)
1.5 1.5
Total comprehensive income .............. 209.9
Purchase of treasury stock ............... (1.325) — — (23.8) (23.8)
Stock-based compensation ............... — — 11.9 — 11.9
Treasury stock issued under stock plans ..... 0.069 — — 1.5 1.5
Delisting of treasury shares ............... — (7.9) (170.1) 178.0 —
Stock issued for employee stock purchase
plan ............................... 0.185 0.2 2.9 — 3.1
Stock issued under stock plans, including
$0.3 million tax benefit ................ 0.387 0.3 7.3 — 7.6
Balances at December 31, 2009 .......... 35.591 $35.8 $ 767.0 $ (5.7) $(240.0) $ 315.0 $ 872.1
See accompanying notes to consolidated financial statements.
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ŠForm 10-K