Circuit City 1999 Annual Report Download - page 21

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SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
FOR THE YEARS ENDED DECEMBER 31, 1999, 1998 AND 1997
(IN THOUSANDS)
COMMON STOCK ACCUMULATED
------------------------ ADDITIONAL OTHER TREASURY
NUMBER OF PAID-IN RETAINED COMPREHENSIVE STOCK
SHARES AMOUNT CAPITAL EARNINGS INCOME AT COST
---------- --------- ---------- -------- ------------- ---------
BALANCES, JANUARY 1, 1997 37,857 $ 379 $ 168,356 $ 58,392 $ 1,510
Change in cumulative translation adjustment (3,640)
Issuance of shares as partial consideration
for the acquisition of the net assets of
Infotel, Inc. 375 3 8,387
Net income 38,812
--------- --------- --------- --------- --------- ---------
BALANCES, DECEMBER 31, 1997 38,232 382 176,743 97,204 (2,130)
Change in cumulative translation adjustment 1,782
Purchase of treasury shares (2,104) $ (28,604)
Net income 41,252
--------- --------- --------- --------- --------- ---------
BALANCES, DECEMBER 31, 1998 36,128 382 176,743 138,456 (348) (28,604)
Change in cumulative translation adjustment (4,250)
Purchase of treasury shares (890) (10,055)
Net income 36,012
--------- --------- --------- --------- --------- ---------
BALANCES, DECEMBER 31, 1999 35,238 $ 382 $ 176,743 $174,468 $ (4,598) $ (38,659)
========= ========= ========= ========= ========== ===========
See notes to consolidated financial statements.