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48
AVID TECHNOLOGY, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands)
Shares of
Common Stock
Additional
Accumulated
Other
Total
Issued
In
Treasury
Common
Stock
Paid-in
Capital
Accumulated
Deficit
Treasury
Stock
Comprehensive
Income
Stockholders’
Equity
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
Stock issued pursuant to employee stock plans
369
(942)
(10,875)
12,635
818
Stock-based compensation
13,394
13,394
Stock option purchase
(526)
(526)
Stock recovery for payment of withholding tax
(14)
(172)
(172)
Comprehensive loss:
Net loss
(68,355)
(68,355)
Net change in unrealized gain (loss) on marketable
securities
31
31
Translation adjustment
5,273
5,273
Other comprehensive loss
5,304
Comprehensive loss
(63,051)
Balances at December 31, 2009
42,339
(4,853)
$423
$992,489
($444,661)
($112,389)
$7,256
$443,118
The accompanying notes are an integral part of the consolidated financial statements.