Avid 2000 Annual Report Download - page 40

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33
AVID TECHNOLOGY, INC.
Consolidated Statements of Stockholders Equity
(in thousands) Retained Accumulated
Common Additional Earnings Other Total
Shares of Common Stock Stock Paid-in (Accumulated) Treasur
Deferred Comprehensive Stockholders
Issued In Treasury Issued Capital Deficit) Stock Compensation Loss Equity
Balances at December 31, 1997 24,157 (957) $242 $252,307 $27,286 ($27,548) ($8,034) ($2,459) $241,794
Purchase of treasury stock (1,953) (61,822) (61,822)
Stock issued pursuant to employee stock
plans and related tax benefits 742 3,094 (9,315) 21,346 15,125
Issuance of common stock in connection
with acquisition
2,435
24 65,463
65,487
Issuance of warrants to purchase
common stock in connection with
acquisition
26,196
26,196
Conversion of purchase consideration 2,544 2,544
Restricted stock grants canceled
and compensation expense (1) (29) (1) (315) 4,261 3,945
Comprehensive loss:
Net loss (3,633) (3,633)
Net unrealized gain on
marketable securities
5 5
Translation adjustment 670 670
Other comprehensive income 675
Comprehensive loss (2,958)
Balances at December 31, 1998 26,591 (2,197) 265 349,289 14,338 (68,024) (3,773) (1,784) 290,311
Purchase of treasury stock (1,183) (19,718) (19,718)
Stock issued pursuant to employee stock
plans 659 (11,931) (4,873) 21,253 4,449
Issuance of restricted stock 50 1 586 (587)
Conversion of purchase consideration 29,212 29,212
Restricted stock grants canceled
and compensation expense (30) (587) 2,507 1,920
Comprehensive loss:
Net loss (137,548) (137,548)
Net unrealized loss on
marketable securities
(32) (32)
Translation adjustment (671) (671)
Other comprehensive loss (703)
Comprehensive loss (138,251)
Balances at December 31, 1999 26,591 (2,701) 266 366,569 (128,083) (66,489) (1,853) (2,487) 167,923
Purchase of treasury stock (35) (460) (460)
Stock issued pursuant to employee stock
plans 1,503 (22,095) (9,530) 42,153 10,528
Issuance of restricted stock 378 (715) (3,817) 9,174 (4,638) 4
Options issued at below fair market
value
1,338
(1,338)
Conversion of purchase consideration 14,884 14,884
Restricted stock grants canceled
and compensation expense (69) (878) 3,077 2,199
Comprehensive loss:
Net loss (56,349) (56,349)
Net unrealized gain on
marketable securities
1,738
1,738
Translation adjustment (2,617) (2,617)
Other comprehensive loss (879)
Comprehensive loss (57,228)
Balances at December 31, 2000 26,591 (924) $266 $359,103 ($197,779) ($15,622) ($4,752) ($3,366) $137,850
The accompanying notes are an integral part of the consolidated financial statements.