Callaway 2003 Annual Report Download - page 45

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42 CALLAWAY GOLF COMPANY
Common Stock Additional Unearned
(In thousands) Shares Amount Paid-in Capital Compensation
Balance, December 31, 2000 78,959 $ 790 $ 347,765 $ (1,214)
Exercise of stock options 3,484 34 42,621 —
Tax benefit from exercise of stock options — — 14,520 —
Cancellation of Restricted Common Stock (32) — (992) 992
Acquisition of Treasury Stock — — — —
Compensatory stock and stock options — — 331 11
Employee stock purchase plan 283 3 2,244 —
Shares issued for intangible assets — — (129) —
Cash dividends — — — —
Dividends on shares held by Grantor Stock Trust — — — —
Addition to Grantor Stock Trust — — (9,717) —
Adjustment of Grantor Stock Trust shares to market value — — 22,898 —
Equity adjustment from foreign currency translation — — — —
Unrealized gain on cash flow hedges, net of tax — — — —
Net income — — — —
Balance, December 31, 2001 82,694 $ 827 $ 419,541 $ (211)
Exercise of stock options 879 9 10,067 —
Tax benefit from exercise of stock options — — 5,479 —
Acquisition of Treasury Stock — — — —
Compensatory stock and stock options — — 118 196
Employee stock purchase plan 4 — (2,590) —
Cash dividends — — — —
Dividends on shares held by Grantor Stock Trust — — — —
Adjustment of Grantor Stock Trust shares to market value — — (61,119) —
Equity adjustment from foreign currency translation — — — —
Unrealized loss on cash flow hedges, net of tax — — — —
Unrealized loss on marketable securities, net of tax — — — —
Net income — — — —
Balance, December 31, 2002 83,577 $ 836 $ 371,496 $ (15)
Exercise of stock options 133 1 (900) —
Reversal of tax benefit from exercise of stock options — — (982) —
Acquisition of Treasury Stock — — — —
Compensatory stock and stock options — — — 15
Employee stock purchase plan — — (851) —
Cash dividends — — — —
Dividends on shares held by Grantor Stock Trust — — — —
Adjustment of Grantor Stock Trust shares to market value — — 32,176 —
Equity adjustment from foreign currency translation — — — —
Unrealized loss on cash flow hedges, net of tax — — — —
Change in unrealized loss on marketable securities, net of tax — — — —
Net income — — — —
Balance, December 31, 2003 83,710 $ 837 $ 400,939 $ —
The accompanying notes are an integral part of these financial statements.
CALLAWAY GOLF COMPANY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME