Callaway 2014 Annual Report Download - page 75

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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 (Loss)
Treasury Stock Non-
controlling
Interest Total
Shares Amount Shares Amount Shares Amount
Balance, December 31, 2011 ........... 1,400 $ 14 66,34 $ 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)
Exercise of stock options — — — — (22) — — 4 41 — 19
Compensatory awards released
from restriction ..................... — — — — (3,694) — — 305 3,694 — —
Share-based compensation — — 56 1 3,141 — — — — — 3,142
Stock dividends ........................... — — — — 145 (145) — — — — —
Cash dividends ............................ — — — — — (11,019) — — — — (11,019)
Equity adjustment from foreign
currency translation .............. — — — — — — 699 — — — 699
Change in non-controlling
interest .................................. — — — — — — — — — (399) (399)
Net loss ........................................ — — — — — (122,946) — — — 259 (122,687)
Balance, December 31, 2012 ........... 418 $ 4 72,26 $ 723 $ 204,510 $ 113,831 $ 14,770 (1,267) $ (14,848) $ 2,718 $ 321,708
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)
Exercise of stock options............. — — — — (820) — — 216 2,472 — 1,652
Tax deficit from exercise of
stock options and
compensatory stock .............. — — — — (2) — — — — — (2)
Compensatory awards released
from restriction ..................... — — — — (1,649) — — 140 1,649 — —
Share-based compensation — — 56 — 3,533 — — — — — 3,533
Stock dividends ........................... — — 75 1 566 (567) — — — — —
Cash dividends ............................ — — — — — (5,599) — — — — (5,599)
Equity adjustment from foreign
currency translation .............. — — — — — — (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 ........... — $ — 78,31 $ 783 $ 205,712 $ 77,038 $ 12,177 (967) $ (11,091) $ — $ 284,619
Equity issuance costs................... — — —— (7) ——
—— — (7)
Acquisition of treasury stock....... — — —— — — —
(133) (1,013) — (1,013)
Exercise of stock options............. — — — — (1,284) — — 312 3,575 — 2,291
Tax deficit from exercise of
stock options and
compensatory stock .............. — — — — (26) — — — — — (26)
Compensatory awards released
from restriction ..................... — — 58 1 (87) — — 8 86 — —
Share-based compensation .......... — — — — 5,740 — — — — — 5,740
Stock dividends ........................... ——1— 9 (9) —— — — —
Cash dividends ............................ — — — — — (3,105) — — — — (3,105)
Equity adjustment from foreign
currency translation .............. — — — — — — (12,973) — — — (12,973)
Net income .................................. — — — — — 16,008 — — — — 16,008
Balance, December 31, 2014 ........... — $ — 78,37 $ 784 $ 210,057 $ 89,932 $ (796) (780) $ (8,443) $ — $ 291,534
The accompanying notes are an integral part of these consolidated financial statements.