Callaway 2013 Annual Report Download - page 77

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F-7
CALLAWAY GOLF COMPANY
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands)
Callaway Golf Shareholders
Preferred Stock Common Stock Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Grantor
Stock
Trust
Treasury Stock Non-
controlling
Interest Total
Shares Amount Shares Amount Shares Amount
Balance, December 31, 2010............................. 1,400 $ 14 66,317 $ 663 $ 264,235 $ 432,977 $ 13,564 $ (2,351) (1,911) $ (24,835) $ 2,612 $ 686,879
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 — — — — (62) — — 62 — — — —
Equity adjustment from foreign currency — — — — — — 507 — — — — 507
Change in non-controlling interest ..................... — — — — — — — — — — (341) (341)
Net loss ............................................................... — — — — — (171,820) — — — — 587 (171,233)
Balance, December 31, 2011............................. 1,400 $ 14 66,341 $ 663 $ 265,067 $ 247,941 $ 14,071 $ — (1,454) $ (17,800) $ 2,858 $ 512,814
Preferred stock to convertible note exchange..... (632) (6) — — (60,072) — — — — — — (60,078)
Preferred stock to common stock exchange ....... (350) (4) 5,867 59 (55) — — — — — — —
Acquisition of treasury stock .............................. — — — — — — — — (122) (783) — (783)
Issuance of treasury stock................................... — — — — (3,716) — — — 309 3,735 — 19
Compensatory stock and stock options............... — — 56 1 3,141 — — — — — — 3,142
Stock dividends................................................... — — — — 145 (145) — — — — — —
Cash dividends.................................................... — — — — — (11,019) — — — — — (11,019)
Equity adjustment from foreign currency — — — — — — 699 — — — — 699
Change in non-controlling interest ..................... — — — — — — — — — — (399) (399)
Net loss ............................................................... — — — — — (122,946) — — — — 259 (122,687)
Balance, December 31, 2012............................. 418 $ 4 72,264 $ 723 $ 204,510 $ 113,831 $ 14,770 $ — (1,267) $ (14,848) $ 2,718 $ 321,708
Exercise of stock options .................................... — — — — (820) — — — 216 2,472 — 1,652
Tax deficit from exercise of stock options and
compensatory stock....................................... ———— (2) — — —— — — (2)
Preferred stock to common stock exchange ....... (417) (4) 5,920 59 (55) — — — — — — —
Redemption of preferred stock ........................... (1) — — — (30) — — — — — — (30)
Equity issuance costs .......................................... — — — — (341) — — — — — — (341)
Acquisition of treasury stock .............................. — — — — — — — — (56) (364) — (364)
Issuance of treasury stock................................... — — — — (1,649) — — — 140 1,649 — —
Compensatory stock and stock options............... — — 56 — 3,533 — — — — — — 3,533
Stock dividends................................................... — — 75 1 566 (567) — — — — — —
Cash dividends.................................................... — — — — — (5,599) — — — — — (5,599)
Equity adjustment from foreign currency — — — — — — (2,593) — — — — (2,593)
Change in non-controlling interest ..................... — — — — — — — — — — (2,718) (2,718)
Deconsolidation of subsidiaries.......................... — — — — — (11,706) — — — — — (11,706)
Net loss ............................................................... — — — — — (18,921) — — — — — (18,921)
Balance, December 31, 2013............................. — $ — 78,315 $ 783 $ 205,712 $ 77,038 $ 12,177 $ — (967) $ (11,091) $ — $ 284,619
The accompanying notes are an integral part of these financial statements.