Big Lots 2007 Annual Report Download - page 131

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43
BIG LOTS, INC. AND SUBSIDIARIES
Consolidated Statements Shareholders’ Equity
(In thousands)
Unearned
Compensation
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss) Total
Common Treasury
Shares Amount Shares Amount
Balance — January 29, 2005 . . . . . . 112,780 $1,175 4,715 $ (64,029) $(1,814) $472,790 $ 667,368 $ — $1,075,490
Net loss . . . . . . . . . . . . . . . . . . . . . . . — — — — — — (10,088) — (10,088)
Exercise of stock options . . . . . . . . . 600 — (600) 8,292 — (1,277) — — 7,015
Tax benefit from share-
based awards . . . . . . . . . . . . . . . . — — — — — 271 — — 271
Treasury shares used for
matching contributions
to savings plan . . . . . . . . . . . . . . 447 — (447) 6,173 — (1,001) — — 5,172
Sale of treasury shares used
for deferred compensation
plan . . . . . . . . . . . . . . . . . . . . . . . 15 — (15) 26 — (41) — — (15)
Restricted shares awarded,
net of forfeitures . . . . . . . . . . . . . 90 — (90) 1,244 (1,017) (227) — — —
Share-based employee
compensation expense . . . . . . . . — — — — 717 162 — — 879
Balance — January 28, 2006 . . . . . . 113,932 1,175 3,563 (48,294) (2,114) 470,677 657,280 — 1,078,724
Net income . . . . . . . . . . . . . . . . . . . . — — — — — — 124,045 — 124,045
Adjustment due to SFAS
No. 123(R) . . . . . . . . . . . . . . . . . . — — — — 2,114 (2,114) — — —
Adjustment due to SFAS
No. 158, net of tax of 3,859 . . . . . — — — — — — — (5,933) (5,933)
Purchases of common shares . . . . . . (9,461) — 9,461 (150,450) — — — — (150,450)
Structured share repurchase . . . . . . — — — — — 627 — — 627
Exercise of stock options . . . . . . . . . 4,672 — (4,672) 68,128 — (10,609) — — 57,519
Tax benefit from share-
based awards . . . . . . . . . . . . . . . . — — — — — 11,898 — — 11,898
Treasury shares used
for matching contributions
to savings plan . . . . . . . . . . . . . . 404 — (404) 5,589 — (415) — — 5,174
Sale of treasury shares used for
deferred compensation plan . . . . 86 — (86) 845 — 669 — — 1,514
Share-based employee
compensation expense . . . . . . . . — — — — — 6,585 — — 6,585
Balance — February 3, 2007 . . . . . . 109,633 1,175 7,862 (124,182) — 477,318 781,325 (5,933) 1,129,703
Net income . . . . . . . . . . . . . . . . . . . . — — — — — — 158,461 — 158,461
Other comprehensive income
Amortization of pension,
net of tax of $(855) . . . . . . . . — — — — — — — 1,246 1,246
Valuation adjustment of pension,
net of tax of $1,245. . . . . . . . — — — — — — — (1,814) (1,814)
Comprehensive income . . . . — — — — — — — — 157,893
Adoption of FIN No. 48 . . . . . . . . . . — — — — — — (2,215) — (2,215)
Purchases of common shares . . . . . . (30,059) — 30,059 (714,911) — — — — (714,911)
Exercise of stock options . . . . . . . . . 2,742 — (2,742) 46,946 — (11,023) — — 35,923
Restricted shares awarded . . . . . . . . 286 — (286) 6,662 — (6,662) — — —
Tax benefit from share-
based awards . . . . . . . . . . . . . . . . — — — — — 19,821 — — 19,821
Sale of treasury shares used for
deferred compensation plan . . . . 80 — (80) 767 — 1,598 — — 2,365
Share-based employee
compensation expense . . . . . . . . — — — — — 9,907 — — 9,907
Balance — February 2, 2008 . . . . . . 82,682 $1,175 34,813 $ (784,718) $ — $490,959 $937,571 $ (6,501) $ 638,486
The accompanying notes are an integral part of these consolidated financial statements.