Audiovox 2008 Annual Report Download - page 54

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Audiovox Corporation and Subsidiaries
Consolidated Statements of Stockholders' Equity and Comprehensive Income (Loss)
Years Ended February 29, 2008, February 28, 2007,
the Three Months Ended February 28, 2006 and the Year Ended November 30, 2005
(In thousands, except share data)
Class A Accumulated Total
and Class
B other Stock-
Preferred Common Paid-in Retained comprehensive Treasury holders'
Stock Stock Capital Earnings income (loss) stock equity
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
Comprehensive income:
Net income - - - 2,936 - - 2,936
Foreign currency
translation
- - - - 1,180 - 1,180
Source: AUDIOVOX CORP, 10-K, May 14, 2008