Cash America 2008 Annual Report Download - page 91
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68
CASH AMERICA INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands, except share data)
Year Ended December 31,
2008 2007 2006
Shares Amount Shares Amount Shares Amount
Common stock
Balance at end of year........................ 30,235,164 $3,024 30,235,164 $ 3,024 30,235,164 $ 3,024
Additional paid-in capital
Balance at beginning of year.............. 163,581
161,683 156,557
Reissuance of treasury shares………. (3,840)
Shares issued under stock-based plans (3,710)
(2,015) (2,765)
Stock-based compensation expense ... 3,314
3,060 2,623
Excess tax benefit from stock-based
compensation.................................. 662 853
5,268
Balance at end of year .................... 160,007 163,581 161,683
Retained earnings
Balance at beginning of year.............. 363,180 287,962 229,975
Net income......................................... 81,140
79,346 60,940
Dividends declared............................. (4,068) (4,128) (2,953)
Balance at end of year .................... 440,252 363,180 287,962
Accumulated other comprehensive
income (loss)
Balance at beginning of year.............. 16
20 (5)
Unrealized derivatives (loss) gain...... (68)
(20) 25
Foreign currency translation (loss)
gain ................................................. (3,912) 16 ʊ
Balance at end of year .................... (3,964) 16 20
Notes receivable secured by common
stock
Balance at beginning of year.............. ––
(18) (2,488)
Payments on notes receivable ............ –– 18 2,470
Balance at end of year .................... ʊ –– (18)
Treasury shares at cost
Balance at beginning of year.............. (1,136,203) (33,199) (565,840) (11,943) (999,347) (12,347)
Purchases of treasury shares .............. (221,156) (7,206) (675,293) (24,032) (258,063) (9,602)
Reissuance of treasury shares………. 391,236 11,730 –– –– –– ––
Shares issued under stock-based plans 147,351 4,397 104,930 2,776 691,570 10,006
Balance at end of year .................... (818,772) (24,278) (1,136,203) (33,199) (565,840) (11,943)
Total Stockholders’ Equity................. $ 575,041 $ 496,602 $ 440,728
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(in thousands)
Year Ended December 31,
2008 2007 2006
Net income ............................................................................................................ $ 81,140 $ 79,346 $ 60,940
Other comprehensive loss –
Unrealized derivative (loss) gain, net of tax expense (benefit) of $(37), $(11) and $14 (68) (20) 25
Foreign currency translation (loss) gain, net of tax expense of $(107) and $9 (3,912) 16 ʊ
Total Comprehensive Income......................................................................... $ 77,160 $ 79,342 $ 60,965
See notes to consolidated financial statements.