Audiovox 2008 Annual Report Download - page 56

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Audiovox Corporation and Subsidiaries
Consolidated Statements of Stockholders' Equity and Comprehensive Income (Loss), continued
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
Comprehensive income:
Net income - - - 8,465 - - 8,465
Foreign currency
translation
adjustment, net of
reclassification
adjustment (see
disclosure below) - - - - 4,229 - 4,229
Unrealized gain on
marketable securities,
net of tax effect of
$1,239 and
reclassification
adjustment (see
disclosure below) - - - - 1,938 - 1,938
Other comprehensive
income - - - - - - 6,167
Comprehensive income - - - - - - 14,632
Exercise of stock
options into 131,464
shares of common
stock - 4 3,144 - - - 3,148
Reversal of tax benefits
from stock options
exercised - - (805) - - - (805)
Stock-based
compensation expense - - 886 - - - 886
Cumulative effect of a
change in accounting
principles (FIN No.
48) - - - 2,714 - - 2,714
Purchase of 128,100
shares of treasury
stock - - - - - (1,431) (1,431)
Issuance of 585 shares
of treasury stock - - 1 - - 6 7
Balances at February 29,
2008 $ 0 $ 246 $ 274,282 $ 162,542 $ 4,847 $ (18,404) $ 423,513
Year Year Three Year
Ended Ended Months Ended Ended
February 29, February 28, February 28, November 30,
2008 2007 2006 2005
Disclosure of reclassification amount:
Unrealized foreign currency translation gain (loss) $ 3,886 $ 1,119 $ 263 $ (1,522)
Less: reclassification adjustments for loss included in net
income (loss) (343) (61) - (1,365)
Net unrealized foreign currency translation gain (loss) $ 4,229 $ 1,180 $ 263 $ (157)
Year Ended Year Ended
February 29, February 28,
2008 2007
Disclosure of reclassification amount:
Unrealized gain (loss) on marketable securities $ 3,814 $ (2,009)
Source: AUDIOVOX CORP, 10-K, May 14, 2008