Blizzard 2002 Annual Report Download - page 16

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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
In thousands
Accumulated
Additional Retained Other
Common Stock Paid-In Earnings Treasury Stock Comprehensive Shareholders’
For the years ended March 31, 2002, 2001 and 2000 Shares Amount Capital (Deficit) Shares Amount Loss Equity
Balance, March 31, 1999 35,706 $— $109,251 $ 25,727 (750) $ (5,278) $ (2,510) $127,190
Components of comprehensive income:
Net loss for the year — — — (34,088) — — — (34,088)
Foreign currency translation adjustment — — — — — — (3,556) (3,556)
Total comprehensive loss (37,644)
Issuance of common stock and common stock warrants — — 8,529 — — — — 8,529
Issuance of common stock and common stock options to employees 3,605 — 22,480 — — — — 22,480
Tax benefit attributable to employee stock options and common stock warrants — — 3,017 — — — — 3,017
Tax benefit derived from net operating loss carryforward utilization — — 1,266 — — — — 1,266
Issuance of common stock to effect business combinations 421 — 7,171 — — — — 7,171
Balance, March 31, 2000 39,732 — 151,714 (8,361) (750) (5,278) (6,066) 132,009
Components of comprehensive income:
Net income for the year — — — 20,507 — — — 20,507
Foreign currency translation adjustment — — — — — — (5,311) (5,311)
Total comprehensive income 15,196
Issuance of common stock and common stock warrants 150 — 1,050 — — — — 1,050
Issuance of common stock and common stock options to employees 5,368 — 32,538 — — — — 32,538
Tax benefit attributable to employee stock options and common stock warrants — — 11,832 — — — — 11,832
Tax benefit derived from net operating loss carryforward utilization — — 3,652 — — — — 3,652
Purchase of treasury shares — — — — (3,576) (14,971) — (14,971)
Balance, March 31, 2001 45,250 — 200,786 12,146 (4,326) (20,249) (11,377) 181,306
Components of comprehensive income:
Net income for the year — — — 52,238 — — — 52,238
Foreign currency translation adjustment — — — — — — (121) (121)
Total comprehensive income 52,117
Issuance of common stock and common stock warrants 1,037 — 1,044 — — — — 1,044
Issuance of common stock and common stock options to employees 8,773 — 63,053 — — — — 63,053
Tax benefit attributable to employee stock options and common stock warrants — — 48,513 — — — — 48,513
Issuance of common stock pursuant to conversion of conver tible subordinated notes 4,763 — 58,651 — — — — 58,651
Issuance of common stock to effect business combinations 1,211 — 25,481 — — — — 25,481
Purchase of treasury shares — — — — (3) (74) — (74)
Balance, March 31, 2002 61,034 $— $397,528 $ 64,384 (4,329) $(20,323) $(11,498) $430,091
The accompanying notes are an integral part of these consolidated financial statements.