Audiovox 2009 Annual Report Download - page 56

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Audiovox Corporation and Subsidiaries
Consolidated Statements of Stockholders' Equity and Comprehensive Income (Loss)
Years Ended February 28, 2009, February 29, 2008 and February 28, 2007
(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 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
adjustment, net of
reclassification
adjustment (see
disclosure below) - - - - 1,180 - 1,180
Unrealized loss on
marketable securities,
net of tax effect of
$1,210, and
reclassification
adjustment (see
disclosure below) - - - - (1,892) - (1,892)
Other comprehensive
loss - - - - - - (712)
Comprehensive income - - - - - - 2,224
Exercise of stock options
into 485,000 shares of
common stock - 5 4,223 - - - 4,228
Purchase of 305,100
shares of treasury stock - - - - - (4,155) (4,155)
Tax benefit of stock
options exercised - - 896 - - - 896
Stock based compensation
expense - - 432 - - - 432
Repurchase of preferred
stock (2,500) - 2,495 - - - (5)
Issuance of 605 shares of
treasury stock - 2 - - 8 10
Balances at February 28, 2007 - $ 242 $ 271,056 $ 151,363 $ (1,320) $ (16,979) $ 404,362
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 - - - - 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
- - (805) - - - (805)
Source: AUDIOVOX CORP, 10-K, May 14, 2009 Powered by Morningstar® Document Research℠