Circuit City 2007 Annual Report Download - page 43

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SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in thousands)
See notes to consolidated financial statements.
41
Common Stock
Accumulated
Number
Other
Unearned
of Shares
Additional
Treasury
Comprehensive
Restricted
Out
-
Paid
-
in
Stock,
Retained
Income (Loss),
Stock
Comprehensive
Standing
Amount
Capital
At Cost
Earnings
Net of Tax
Compensation
Income (Loss)
Balances, January 1, 2005
34,433
$
382
$
180,640
$
(44,630
)
$
87,486
$
3,920
$
(5,166
)
$
—
Change in cumulative translation
adjustment
(3,027
)
(3,027
)
Exercise of stock options
328
(3,078
)
3,858
Tax benefit of employee stock plans
12
Grant of restricted stock units
Amortization of unearned restricted
stock compensation
1,004
Net income
11,441
11,441
Total comprehensive income
$
8,414
Balances, December 31, 2005
34,761
382
177,574
(40,772
)
98,927
893
(4,162
)
Reversal of unamortized unearned
restricted stock compensation
(4,162
)
4,162
Stock
-
based compensation expense
2,330
Issuance of restricted stock, net
100
1
Exercise of stock options
480
(4,039
)
5,641
Income tax benefit on stock-based
compensation
1,280
Change in cumulative translation
adjustment
6,288
6,288
Net income
45,147
45,147
Total comprehensive income
$
51,435
Balances, December 31, 2006
35,341
383
172,983
(35,131
)
144,074
7,181
—
Stock
-
based compensation expense
4,009
Issuance of restricted stock
205
(2,843
)
2,406
Exercise of stock options
546
(3,569
)
6,401
Income tax benefit on stock-based
compensation
2,801
Cumulative effect of adoption of FIN
48
(283
)
Change in cumulative translation
adjustment net
4,530
4,530
Dividends paid
(36,588
)
Net income
69,481
69,481
Total comprehensive income
$
74,011
Balances, December 31, 2007
36,092
$
383
$
173,381
$
(26,324
)
$
176,684
$
11,711
$
—