Callaway 2010 Annual Report Download - page 84

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CALLAWAY GOLF COMPANY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
AND COMPREHENSIVE INCOME (LOSS)
(In thousands)
Callaway Golf Shareholders
Preferred Stock Common Stock Additional
Paid-in
Capital
Unearned
Compensation
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Grantor
Stock
Trust
Treasury Stock Non-controlling
Interest Total
Comprehensive
Income / (Loss)Shares Amount Shares Amount Shares Amount
Balance, December 31, 2007 ..................... — $— 66,282 $663 $111,953 $(2,158) $470,469 $ 18,904 $(31,601) — $ — $1,978 $570,208 $ 62,356
Exercise of stock options ........................ — — — — (442) — — — 1,901 — — — 1,459
Tax deficit from exercise of stock options and
compensatory stock ........................... — — — — (610) — — — — — — — (610)
Acquisition of Treasury Stock .................... — — — — — — — — — (1,769) (23,650) — (23,650)
Compensatory stock and stock options .............. — — (6) — 4,496 1,879 — — — — — — 6,375
Employee stock purchase plan .................... — — — — (382) — — — 3,631 — — — 3,249
Cash dividends ................................ — — — — — — (17,794) — — — — — (17,794)
Adjustment of Grantor Stock Trust shares to market . . . — — — — (12,686) — — — 12,686 — — — —
Equity adjustment from foreign currency translation . . . — — — — — — — (25,280) — — — — (25,280) $(25,280)
Change in non-controlling interest ................. — — — — — — — — — — — 1,201 1,201
Net income ................................... — — — — — — 66,176 — — — — (966) 65,210 66,176
Balance, December 31, 2008 ..................... — $— 66,276 $663 $102,329 $ (279) $518,851 $ (6,376) $(13,383) (1,769) $(23,650) $2,213 $580,368 $ 40,896
Tax deficit from exercise of stock options and
compensatory stock ........................... — — — — (237) — — — — — — — (237)
Acquisition of Treasury Stock .................... — — — — — — — — — (54) (460) — (460)
Compensatory stock and stock options .............. — — 20 — 7,338 279 — — 322 — — — 7,939
Issuance of Preferred Stock ....................... 1,400 14 — — 151,115 — — — — — — — 151,129
Reduction in carrying value of Preferred Stock held at
redemption value (Note 4) ..................... — — — — — — (17,160) — — — — — (17,160)
Employee stock purchase plan .................... — — — — (411) — — — 2,973 — — — 2,562
Stock dividends ................................ — — — — 26 — (24) — — — — — 2
Cash dividends ................................ — — — — — — (12,028) — — — — — (12,028)
Adjustment of Grantor Stock Trust shares to market . . . — — — — (2,674) — — — 2,674 — — — —
Equity adjustment from foreign currency translation . . . — — — — — — — 12,616 — — — — 12,616 $ 12,616
Change in non-controlling interest ................. — — — — — — — — — — — (64) (64)
Net loss ...................................... — — — — — — (15,260) — — — — 475 (14,785) (15,260)
Balance, December 31, 2009 ..................... 1,400 $ 14 66,296 $663 $257,486 $ — $474,379 $ 6,240 $ (7,414) (1,823) $(24,110) $2,624 $709,882 $ (2,644)
Exercise of stock options ........................ — — — — (59) — — — 538 — — — 479
Tax deficit from exercise of stock options and
compensatory stock ........................... — — — — (564) — — — — — — — (564)
Issuance of Restricted Common Stock .............. — — 21 — — — — — — — — — —
Issuance of Treasury Stock ....................... — — — — — — — — — (88) (725) — (725)
Compensatory stock and stock options .............. — — — — 7,341 — — — 1,571 — — — 8,912
Issuance of Preferred Stock ....................... — — — — (54) — — — — — — — (54)
Employee stock purchase plan .................... — — — — (412) — — — 2,887 — — — 2,475
Stock dividends ................................ — — — — 9 — (103) — 94 — — — —
Cash dividends ................................ — — — — — — (13,067) — — — — — (13,067)
Adjustment of Grantor Stock Trust shares to market . . . — — — — 27 — — — (27) — — — —
Equity adjustment from foreign currency translation . . . — — — — — — — 7,324 — — — — 7,324 $ 7,324
Change in non-controlling interest ................. — — — — — — — — — — — (358) (358)
Net loss ...................................... — — — — — — (18,804) — — — — 346 (18,458) (18,804)
Balance, December 31, 2010 ..................... 1,400 $ 14 66,317 $663 $263,774 $ — $442,405 $ 13,564 $ (2,351) (1,911) $(24,835) $2,612 $695,846 $(11,480)
The accompanying notes are an integral part of these financial statements.
F-6