Circuit City 2010 Annual Report Download - page 40

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SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in thousands)
See notes to consolidated financial statements.
Common Stock
Number
of Shares
Outstanding
Amount
Additional
Paid-in
Capital
Treasury
Stock,
At Cost
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Comprehensive
Income (Loss)
Balances, January 1, 2008
36,092
383
173,381
(26,324
)
176,684
11,711
Stock
-
based compensation expense
3,794
Issuance of restricted stock
104
1
283
46
Exercise of stock options
503
5
184
944
Repurchase of Treasury Stock
(475
)
(5,824
)
Income tax benefit on stock
-
based compensation
1,599
Cumulative effect of adoption of FIN 48
Change in cumulative translation adjustment
(18,629
)
(18,629
)
Dividends paid
(37,126
)
Net income
52,843
52,843
Total comprehensive income
34,214
Balances, December 31, 2008
36,224
389
179,241
(31,158
)
192,401
(6,918
)
Stock
-
based compensation expense
2,818
Issuance of restricted stock
105
(754
)
1,183
Retired restricted stock
(10
)
(15
)
Exercise of stock options
221
(1,537
)
2,619
Repurchase of treasury stock
(99
)
(1,174
)
Income tax benefit on stock
-
based compensation
750
Change in cumulative translation adjustment
8,276
8,276
Dividends paid
(27,611
)
Net income
46,185
46,185
Total comprehensive income
54,461
Balances, December 31, 2009
36,451
$
389
$
180,508
$
(28,545
)
$
210,975
$
1,358
Stock
-
based compensation expense
2,377
Issuance of restricted stock
106
(420
)
1,259
Restricted stock withheld for employee taxes
(36
)
(367
)
(432
)
Exercise of stock options
234
(1,754
)
2,771
Income tax benefit on stock
-
based compensation
1,175
Change in cumulative translation adjustment
(2,577
)
(2,577
)
Net income
42,551
42,551
Total comprehensive income
$
39,974
Balances, December 31, 2010
36,755
$
389
$
181,519
$
(24,947
)
$
253,526
$
(1,219
)
36