Callaway 2005 Annual Report Download - page 74

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CALLAWAY GOLF COMPANY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME
(In thousands)
Common Stock Additional
Paid-in
Capital
Unearned
Compensation
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Grantor
Stock
Trust
Treasury Stock Comprehensive
Income (Loss)Shares Amount Shares Amount Total
Balance, December 31, 2002 ...... 83,577 $836 $371,496 $ (15) $439,454 $ (3,847) $(134,206) (7,772) $(130,331) $543,387
Exercise of stock options ......... 133 1 (900) — — — 14,650 — — 13,751
Reversal of tax benefit from exercise
of stock options ............... — — (982) — — — — — — (982)
Acquisition of Treasury Stock ..... — — — — — — — (373) (4,755) (4,755)
Compensatory stock and stock
options ...................... — — — 15 — — — — — 15
Employee stock purchase plan ..... — — (851) — — — 5,094 — — 4,243
Cash dividends ................. — — — — (21,160) — — — — (21,160)
Dividends on shares held by Grantor
Stock Trust .................. — — — — 2,624 — — — — 2,624
Adjustment of Grantor Stock Trust
shares to market value .......... — — 32,176 — — — (32,176) — — —
Equity adjustment from foreign
currency translation ............ — — — — — 7,396 — — — 7,396 $ 7,396
Unrealized loss on cash flow hedges,
netoftax .................... — — — — — (751) — — — (751) (751)
Unrealized gain on marketable
securities, net of tax ........... — — — — — 92 — — — 92 92
Net income .................... — — — — 45,523 — — — — 45,523 45,523
Balance, December 31, 2003 ...... 83,710 $837 $400,939 $ — $466,441 $ 2,890 $(146,638) (8,145) $(135,086) $589,383 $ 52,260
Exercise of stock options ......... 23 — (3,532) — — — 19,186 — — 15,654
Tax benefit from exercise of stock
options ...................... — — 2,161 — — — — — — 2,161
Issuance of Restricted Common
Stock ....................... 1,053 11 14,290 (14,301) — — — — — —
Acquisition of Treasury Stock ..... — — — — — — — (353) (6,298) (6,298)
Compensatory stock and stock
options ...................... — — 2 1,739 — — — — — 1,741
Employee stock purchase plan ..... — — (1,302) — — — 5,959 — — 4,657
Cash dividends ................. — — — — (21,176) — — — — (21,176)
Dividends on shares held by Grantor
Stock Trust .................. — — — — 2,107 — — — — 2,107
Adjustment of Grantor Stock Trust
shares to market value .......... — — (24,608) — — — 24,608 — — —
Equity adjustment from foreign
currency translation ............ — — — — — 4,252 — — — 4,252 $ 4,252
Unrealized gain on cash flow hedges,
netoftax .................... — — — — — 3,939 — — — 3,939 3,939
Net loss ....................... — — — — (10,103) — — — — (10,103) (10,103)
Balance, December 31, 2004 ...... 84,786 $848 $387,950 $(12,562) $437,269 $11,081 $ (96,885) (8,498) $(141,384) $586,317 $ (1,912)
Exercise of stock options ......... 5 — (1,452) — — — 12,349 — — 10,897
Tax benefit from exercise of stock
options ...................... — — 2,408 — — — — — — 2,408
Issuance of Restricted Common
Stock ....................... 160 2 2,387 (2,389) — — — — — —
Acquisition of Treasury Stock ..... — — — — — — — (3) (39) (39)
Compensatory stock and stock
options ...................... — — 590 5,937 — — — — — 6,527
Employee stock purchase plan ..... — — (1,432) — — — 5,347 — — 3,915
Cash dividends ................. — — — — (19,557) — — — — (19,557)
Adjustment of Grantor Stock Trust
shares to market value .......... — — 3,225 — — — (3,225) — — —
Equity adjustment from foreign
currency translation ............ — — — — — (5,724) — — — (5,724) $ (5,724)
Unrealized loss on cash flow hedges,
netoftax .................... — — — — — (1,980) — — — (1,980) (1,980)
Net income .................... — — — — 13,284 — — — — 13,284 13,284
Balance, December 31, 2005 ...... 84,951 $850 $393,676 $ (9,014) $430,996 $ 3,377 $ (82,414) (8,501) $(141,423) $596,048 $ 5,580
The accompanying notes are an integral part of these financial statements.
F-6