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53
AVID TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands)
Shares of
Common Stock
Common
Stock
Additional
Paid-in
Capital
Accumulated
Deficit
Treasury
Stock
Deferred
Compensation
Accumulated
Other
Comprehensive
Income
Total
Stockholders’
Equity Issued
In
Treasury
Balances at December 31, 2005 42,095 — $ 421 $ 928,703 ($88,795) $ — ($1,830) $ 1,098 $ 839,597
Stock repurchased (1,432) (43) (50,000) (50,043)
Stock issued pursuant to employee stock plans 244 204 2 4,334 (2,986) 6,885 8,235
Stock-based compensation 15,191 1,830 17,021
Tax benefit associated with stock option
exercises and forfeitures 4,080 4,080
Issuance (recovery) of common stock in
connection with acquisitions (12) 498 (493) 5
Stock recovery for payment of withholding
tax (4) (160) (160)
Comprehensive loss:
Net loss (42,927) (42,927)
Net change in unrealized gain (loss) on
marketable securities 37 37
Translation adjustment 4,536 4,536
Other comprehensive income 4,573
Comprehensive loss (38,354)
Balances at December 31, 2006 42,339 (1,244) 423 952,763 (134,708) (43,768) — 5,671 780,381
Stock repurchased (809) (24) (26,615) (26,639)
Stock issued pursuant to employee stock plans 810 (639) (13,035) 24,617 10,943
Stock-based compensation 15,949 15,949
Tax benefit associated with stock option
exercises and forfeitures 290 290
Recovery of common stock in connection with
acquisitions (1) (34) (34)
Stock recovery for payment of withholding
tax (1) (23) (23)
Comprehensive loss:
Net loss (7,979) (7,979)
Net change in unrealized gain (loss) on
marketable securities 11 11
Translation adjustment 6,884 6,884
Other comprehensive income 6,895
Comprehensive loss (1,084)
Balances at December 31, 2007 42,339 (1,245) 423 968,339 (155,722) (45,823) — 12,566 779,783
Stock repurchased (4,254) (128) (93,059) (93,187)
Stock issued pursuant to employee stock plans 292 (1,333) (11,532) 14,055 1,190
Stock-based compensation 14,074 14,074
Tax benefit associated with stock option
exercises and forfeitures (389) (389)
Stock recovery for payment of withholding
tax (1) (25) (25)
Comprehensive loss:
Net loss (198,177) (198,177)
Net change in unrealized gain (loss) on
marketable securities (352) (352)
Translation adjustment (10,262) (10,262)
Other comprehensive loss (10,614)
Comprehensive loss (208,791)
Balances at December 31, 2008 42,339 (5,208) $ 423 $ 980,563 ($365,431) ($124,852) $ — $ 1,952 $ 492,655
The accompanying notes are an integral part of the consolidated financial statements.