Circuit City 2004 Annual Report Download - page 40

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Interest and other income, net (630) (755) (427)
Interest expense 3,073 2,344 1,653
-------------- -------------- --------------
Income (loss) before income taxes 16,556 7,561 (8,251)
Provision (benefit) for income taxes 6,368 4,354 (812)
-------------- -------------- --------------
Income (loss) before cumulative effect of change in accounting 10,188 3,207 (7,439)
principle, net of tax
Cumulative effect of change in accounting principle, net of tax (50,971)
-------------- -------------- --------------
Net income (loss) $10,188 $3,207 $(58,410)
============== ============== ==============
Net income (loss) per common share, basic:
Income (loss) before cumulative effect of change in accounting
principle, net of tax $.30 $.09 $(.22)
Cumulative effect of change in accounting principle, net of tax (1.49)
-------------- -------------- --------------
Net income (loss) $.30 $.09 $(1.71)
============== ============== ==============
Net income (loss) per common share, diluted:
Income (loss) before cumulative effect of change in accounting
principle, net of tax $.29 $.09 $(.22)
Cumulative effect of change in accounting principle, net of tax (1.49)
-------------- -------------- --------------
Net income (loss) $.29 $.09 $(1.71)
============== ============== ==============
Weighted average common and common equivalent shares:
Basic 34,373 34,164 34,104
============== ============== ==============
Diluted 35,489 34,880 34,104
============== ============== ==============
See notes to consolidated financial statements.
43
SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2004, 2003 AND 2002
(IN THOUSANDS )
Common Stock Accumulated
Number Other
of Shares Additional Comprehensive Treasury Unearned Comprehensive
Outstand Paid-in Retained Income (Loss), Stock, Restricted Stock Income (Loss),
ing Amount Capital Earnings Net of Tax At Cost Compensation Net of Tax
--------- ------ ---------- -------- -------------- -------- ---------------- --------------
Balances, January 1, 2002,
as originally reported 34,104 $382 $176,743 $134,350 $(8,038) $(48,489)
Prior period adjustment,
see Note 2 (1,849)
------ ---- -------- -------- ------ ---------
Balances, January 1, 2002,
as restated 34,104 382 176,743 132,501 (8,038) (48,489)
Change in cumulative
translation adjustment 5,908 $5,908
Net loss as restated, see
Note 2 (58,410) (58,410)
------ ---- -------- -------- ------ --------- --------
Total comprehensive loss
as restated, see Note 2 $ (52,502)
==========
Balances, December 31, 34,104 382 176,743 74,091 (2,130) (48,489)
2002 as restated
Change in cumulative
translation adjustment 4,063 $4,063
Exercise of stock options 184 (1,740) 2,159
Tax benefit of employee
stock plans 340
Net income as restated,
see Note 2 3,207 3,207