Big Lots 2008 Annual Report Download - page 111

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43
BIG LOTS, INC. AND SUBSIDIARIES
Consolidated Statements of Shareholders’ Equity
(In thousands)
Common Treasury Unearned
Compensation
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss) TotalShares Amount Shares Amount
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
Net income................... — — — — — — 151,547 — 151,547
Other comprehensive income....
Amortization of pension, net of
tax of $(316) .......... — — — — — — — 487 487
Valuation adjustment of pension,
net of tax of $6,102 . . . . . . — — — — — — — (9,331) (9,331)
Comprehensive income . . — — — — — — — — 142,703
Adoption of SFAS No. 158, net of tax
of $88 and $(26), respectively. . — — — — — — (134) 40 (94)
Purchases of common shares .... (2,170) — 2,170 (37,508) — — — — (37,508)
Exercise of stock options........ 788 — (788) 17,530 — (6,670) — — 10,860
Restricted shares awarded....... 2 — (2) 40 — (40) — — —
Tax benefit from share-based
awards................... — — — — 4,590 — — 4,590
Sale of treasury shares used for
deferred compensation plan. . 13 — (13) 95 — 257 — — 352
Share-based employee
compensation expense...... — — — — — 15,456 — — 15,456
Balance — January 31, 2009..... 81,315 $1,175 36,180 $ (804,561) $ — $504,552 $1,088,984 $(15,305) $ 774,845
The accompanying notes are an integral part of these consolidated financial statements.