Callaway 2007 Annual Report Download - page 76

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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
IncomeShares Amount Shares Amount
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
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
Adoption of FIN 48 ......... — — — — (437) — — — — (437)
Exercise of stock options ..... 51 — (6,370) — — — 51,604 — — 45,234
Tax benefit from exercise of
stock options ............ — — 3,858 — — — — — — 3,858
Acquisition of Treasury
Stock .................. — — — — — — — (6,883) (114,795) (114,795)
Retirement of Treasury
Stock .................. (18,841) (188) (308,902) — — — — 18,841 309,090 —
Compensatory stock and stock
options ................. (25) — 9,443 1,408 — — — — — 10,851
Employee stock purchase
plan .................... — — (474) — — — 3,275 — — 2,801
Cash dividends ............. — — — — (18,755) — — — — (18,755)
Adjustment of Grantor Stock
Trust shares to market
value ................... — — 11,770 — — — (11,770) — — —
Equity adjustment from foreign
currency translation ....... — — — — — 7,769 — — — 7,769 $ 7,769
Net income ................ — — — — 54,587 — — — — 54,587 54,587
Balance, December 31,
2007 ................... 66,282 $ 663 $ 111,953 $ (2,158) $470,469 $18,904 $(31,601) — $ — $568,230 $62,356
The accompanying notes are an integral part of these financial statements.
F-6