Audiovox 2006 Annual Report Download - page 46

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Audiovox Corporation and Subsidiaries
Consolidated Statements of Stockholders’ Equity and Comprehensive Income (Loss)
Year Ended February 28, 2007, Three Months Ended February 28, 2006
and Years Ended November 30, 2005 and 2004
(In thousands, except share data)
Preferred
Stock
Class A and
Class B
Common Stock Paid-in
Capital Retained
Earnings
Accumulated
other
comprehensive
income (loss) Treasury
stock
Total
Stock-
Holder’s
equity
Balances at November 30, 2003 ........ $2,500 $229 $252,104 $ 80,635 ($ 1,229) ($ 8,511) $325,728
Comprehensive income:
Net income ..................... — — — 77,200 — — 77,200
Foreign currency translation
adjustment, net of reclassification
adjustment (see disclosure below) . . — — — — 1,319 — 1,319
Unrealized loss on marketable
securities, net of tax effect of
$1,184...................... — — — — (1,931) — (1,931)
Other comprehensive loss ......... — — — — — — (612)
Comprehensive income............. — — — — — — 76,588
Exercise of stock options into 131,464
shares of common stock .......... — 2 1,522 — — — 1,524
Tax benefit of stock options exercised . . — — 227 — — — 227
Remearsurement of stock options ..... — — 98 — — — 98
Issuance of 1,780 shares of treasury
stock ........................ — — 8 — — 14 22
Balances at November 30, 2004 ........ 2,500 231 253,959 157,835 (1,841) (8,497) 404,187
Comprehensive loss:
Net loss ....................... — — — (9,591) — — (9,591)
Foreign currency translation
adjustment, net of reclassification
adjustment (see disclosure below) . . — — — — (157) — (157)
Unrealized loss on marketable
securities, net of tax effect of $190. . — — — — (310) — (310)
Other comprehensive loss ......... — — — — — — (467)
Comprehensive loss:............... — — — — — — (10,058)
Exercise of stock options into 660,500
shares of common stock .......... — 6 7,686 — — — 7,692
Tax benefit of stock options exercised . . — — 1,357 — — — 1,357
Purchase of 150,000 shares of treasury
stock ........................ — — — — — (2,037) (2,037)
Issuance of 1,205 shares of treasury
stock ........................ — — 6 — — 10 16
Balances at November 30, 2005 ........ 2,500 237 263,008 148,244 (2,308) (10,524) 401,157
Comprehensive income:
Net income ..................... — — — 183 — — 183
Foreign currency translation
adjustment, net ............... — — — — 263 — 263
Unrealized gain on marketable
securities, net of tax effect of $881. . — — — — 1,437 — 1,437
Other comprehensive income ....... — — — — — — 1,700
Comprehensive income............. — — — — — — 1,883
Purchase of 168,800 shares of treasury
stock ........................ — — — — — (2,308) (2,308)
Balances at February 28, 2006 ......... 2,500 237 263,008 148,427 (608) (12,832) 400,732
F-6