Callaway 1998 Annual Report Download - page 24

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CALLAWAY GOLF COMPANY
22
CONSOLIDATED STATEMENT OF SHAREHOLDERS’EQUITY
(in thousands) Accumulated Current
Other Year’s
Common Stock Paid-In Unearned Retained Comprehensive Comprehensive
Shares Amount Capital Compensation Earnings Income GST Total Income
Balance, December 31, 1995 70,912 $709 $214,846 $(2,420) $131,801 $ (89) $(119,913) $224,934
Exercise of stock options 1,775 18 12,240 12,258
Tax benefit from exercise of stock
options 14,244 14,244
Compensatory stock and stock options 2,604 (685) 1,919
Employee stock purchase plan 168 2 2,273 2,275
Cash dividends (17,297) (17,297)
Dividends on shares held by GST 1,272 1,272
Adjustment of GST shares to
market value 32,462 (32,462)
Equity adjustment from foreign
currency translation 325 325 $ 325
Net income 122,337 122,337 122,337
Balance, December 31, 1996 72,855 729 278,669 (3,105) 238,113 236 (152,375) 362,267 $122,662
Exercise of stock options 2,877 29 21,529 21,558
Tax benefit from exercise of stock
options 29,786 29,786
Compensatory stock and stock options 2,511 (470) 2,041
Employee stock purchase plan 372 4 5,968 5,972
Stock retirement (1,852) (19) (52,966) (52,985)
Cash dividends (20,607) (20,607)
Dividends on shares held by GST 1,484 1,484
Adjustment of GST shares to
market value (1,060) 1,060
Equity adjustment from foreign
currency translation (795) (795) $ (795)
Net income 132,704 132,704 132,704
Balance, December 31, 1997 74,252 743 337,403 (3,575) 298,728 (559) (151,315) 481,425 $131,909
Exercise of stock options 391 4 4,433 4,437
Tax benefit from exercise of stock
options 3,068 3,068
Issuance of Restricted Common Stock 130 1 4,029 (4,030)
Cancellation of Restricted Common
Stock (19) (597) 597
Compensatory stock and stock options 1,532 1,355 2,887
Employee stock purchase plan 386 4 5,902 5,906
Stock retirement (45) (1) (765) (151) (917)
Cash dividends (20,969) (20,969)
Dividends on shares held by GST 1,484 1,484
Adjustment of GST shares to
market value (96,990) 96,990
Equity adjustment from foreign
currency translation 2,339 2,339 $ 2,339
Net loss (26,564) (26,564) (26,564)
Balance, December 31, 1998 75,095 $751 $258,015 $(5,653) $252,528 $1,780 $ (54,325) $453,096 $ (24,225)
See accompanying notes to consolidated financial statements.