Callaway 2006 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
Total
Comprehensive
Income (Loss)Shares Amount Shares Amount
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, net of tax ........... — — — — — 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, net of tax ........... — — — — — (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
Reclass due to adoption of SFAS
123R .................... — — (2,382) 2,382 — — — — — —
Exercise of stock options ....... — — (1,053) — — — 7,134 — — 6,081
Tax benefit from exercise of
stock options .............. — — 578 — — — — — — 578
Issuance of Restricted Common
Stock .................... 146 1 (1) — — — — — — —
Acquisition of Treasury Stock . . — — — — — — — (3,457) (52,872) (52,872)
Compensatory stock and stock
options ................... — — 8,855 3,066 — — — — — 11,921
Employee stock purchase plan . . — — (533) — — — 4,058 — — 3,525
Cash dividends .............. — — — — (19,212) — — — — (19,212)
Adjustment of Grantor Stock
Trust shares to market value . . — — 3,488 — — — (3,488) — — —
Equity adjustment from foreign
currency translation ......... — — — — — 7,758 — — — 7,758 $ 7,758
Net income ................. — — — — 23,290 — — — — 23,290 23,290
Balance, December 31, 2006 . . . 85,097 $851 $402,628 $ (3,566) $435,074 $11,135 $ (74,710) (11,958) $(194,295) $577,117 $ 31,048
The accompanying notes are an integral part of these financial statements.
F-6