Callaway 2011 Annual Report Download - page 80
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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, 2008 (as previously reported) ........ — $ — 66,276 $663 $ 102,329 $(279) $ 518,851 $ (6,376) $(13,383) (1,769) $(23,650) $2,213 $ 580,368 $ 40,896
Prior period adjustment (Note 16) ......................... — — — — 461 — (9,428) — — — — — (8,967) —
Balance, December 31, 2008(1) ........................... — $ — 66,276 $663 $ 102,790 $(279) $ 509,423 $ (6,376) $(13,383) (1,769) $(23,650) $2,213 $ 571,401 $ 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
Change in redemption value of Preferred Stock ............... — — — — — — (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) ........................... 1,400 $ 14 66,296 $663 $ 257,947 $ — $ 464,951 $ 6,240 $ (7,414) (1,823) $(24,110) $2,624 $ 700,915 $ (2,644)
Exercise of stock options ................................ — — — — (59) — — — 538 — — — 479
Tax deficit from exercise of stock options and compensatory
stock .............................................. — — — — (564) — — — — — — — (564)
Acquisition of Treasury Stock ............................ — — — — — — — — — (88) (725) — (725)
Compensatory stock and stock options ...................... — — 21 — 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) ........................... 1,400 $ 14 66,317 $663 $ 264,235 $ — $ 432,977 $13,564 $ (2,351) (1,911) $(24,835) $2,612 $ 686,879 $ (11,480)
Tax deficit from exercise of stock options and compensatory
stock .............................................. — — — — (83) — — — — — — — (83)
Acquisition of Treasury Stock ............................ — — — — — — — — — (227) (1,587) — (1,587)
Compensatory stock and stock options ...................... — — 24 — 2,889 — — — 1,655 394 5,026 — 9,570
Employee stock purchase plan ............................ — — — — (2,035) — — — 634 290 3,596 — 2,195
Stock dividends ........................................ — — — — 123 — (123) — — — — — —
Cash dividends ........................................ — — — — — — (13,093) — — — — — (13,093)
Adjustment of Grantor Stock Trust shares to market ........... — — — — (62) — — — 62 — — — —
Equity adjustment from foreign currency translation ........... — — — — — — — 507 — — — — 507 $ 507
Change in non-controlling interest ......................... — — — — — — — — — — — (341) (341)
Net loss .............................................. — — — — — — (171,820) — — — — 587 (171,233) (171,820)
Balance, December 31, 2011 ............................. 1,400 $ 14 66,341 $663 $ 265,067 $ — $ 247,941 $14,071 $ — (1,454) $(17,800) $2,858 $ 512,814 $(171,313)
(1) As corrected for the deferred tax adjustment discussed in Note 16.
The accompanying notes are an integral part of these financial statements.
F-6