Audiovox 2010 Annual Report Download - page 52

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Audiovox Corporation and Subsidiaries
Consolidated Statements of Stockholders' Equity and Comprehensive Income (Loss)
Years Ended February 28, 2010, February 28, 2009 and February 29, 2008
(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, 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 - - - - 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 benefit
from stock options
exercised - - (805) - - - (805)
Stock-based
compensation expense - - 886 - - - 886
Cumulative effect of a
change in accounting
principles (ASC 740) - - - 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 $ - $ 246 $ 274,282 $ 162,542 $ 4,847 $ (18,404) $ 423,513
Comprehensive loss: - - - - - -
Net loss (71,029) (71,029)
Foreign currency
translation
adjustment - - - - (7,486) - (7,486)
Unrealized loss on
marketable securities,
net of tax effect - - - (4,686) - (4,686)
Other comprehensive
loss - - - - - - (12,172)
Comprehensive loss - - - - - (83,201)
Exercise of stock options
into 20,000 shares of
common stock - - 47 - - - 47
Tax benefit of stock
options exercised - - 20 - - 20
Reversal of tax benefit
from stock options
expired - - (190) - - - (190)
Source: AUDIOVOX CORP, 10-K, May 14, 2010 Powered by Morningstar® Document Research℠