Callaway 2000 Annual Report Download - page 33

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Callaway Golf Company | 33
CONSOLIDATED STATEMENT OF SHAREHOLDERS’EQUITY
(in thousands) Accumulated Current
Other Year’s
Common Stock Paid-in Unearned Retained Comprehensive Treasury Stock Comprehensive
Shares Amount Capital Compensation Earnings Income GST Shares Amount Total Income
Balance, December 31, 1997 74,252 $743 $337,403 $(3,575) $298,728 $(559) $(151,315) $481,425
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 income (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)
Exercise of stock options 851 8 5,362 5,370
Tax benefit from exercise of
stock options 2,377 2,377
Cancellation of Restricted
Common Stock (22) (684) 684
Compensatory stock and
stock options (795) 2,185 1,390
Employee stock purchase plan 378 4 3,635 3,639
Cash dividends (21,244) (21,244)
Dividends on shares
held by GST 1,484 1,484
Adjustment of GST shares to
market value 39,419 (39,419)
Equity adjustment from foreign
currency translation (1,500) (1,500) $(1,500)
Net income 55,322 55,322 55,322
Balance, December 31, 1999 76,302 763 307,329 (2,784) 288,090 280 (93,744) 499,934 $53,822
Exercise of stock options 2,252 23 23,932 23,955
Tax benefit from exercise of
stock options 6,806 6,806
Cancellation of Restricted
Common Stock (7) (217) 217
Acquisition of Treasury Stock (4,815) $(80,469) (80,469)
Compensatory stock and
stock options 804 1,353 2,157
Employee stock purchase plan 412 4 4,274 4,278
Cash dividends (21,022) (21,022)
Dividends on shares
held by GST 1,484 1,484
Adjustment of GST shares to
market value 4,969 (4,969)
Equity adjustment from foreign
currency translation (5,422) (5,422) $(5,422)
Unrealized loss on cash flow
hedges, net of tax (954) (954) (954)
Other (132) 130 (2)
Net income 80,999 80,999 80,999
Balance, December 31, 2000 78,959 $790 $347,765 $(1,214) $349,681 $(6,096) $(98,713) (4,815) $(80,469) $511,744 $74,623
The accompanying notes are an integral part of these financial statements.