Coach 2009 Annual Report Download - page 49

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TABLE OF CONTENTS
COACH, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(amounts in thousands)
Shares of
Common
Stock
Preferred
Stock
Common
Stock
Additional
Paid-in-
Capital
Retained
Earnings/
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
(Loss)/Income
Total
Stockholders’
Equity
Balances at June 30, 2007 372,521 $ — $ 3,725 $ 978,664 $ 917,930 $ (11,820) $ 1,888,499
Net income — — — — 783,055 — 783,055
Unrealized gains on cash flow hedging derivatives,
net of tax
— — — — — 5,782 5,782
Translation adjustments — — — — — 24,373 24,373
Change in pension liability, net of tax — — — — — 510 510
Comprehensive income 813,720
Shares issued for stock options and employee benefit
plans
3,896 — 39 83,281 — — 83,320
Share-based compensation — — — 66,979 — — 66,979
Adjustment to adopt guidance on uncertain tax
positions
— — — — (48,797) — (48,797)
Excess tax benefit from share-based compensation — — — 23,253 — — 23,253
Repurchase and retirement of common stock (39,688) — (397) (37,136) (1,299,066) — (1,336,599)
Balances at June 28, 2008 336,729 — 3,367 1,115,041 353,122 18,845 1,490,375
Net income — — — — 623,369 — 623,369
Unrealized losses on cash flow hedging derivatives,
net of tax
— — — — — (7,278) (7,278)
Translation adjustments — — — — — (5,298) (5,298)
Change in pension liability, net of tax — — — — — (1,368) (1,368)
Comprehensive income 609,425
Cumulative effect of adoption of ASC 320-10-35-17
(see note on Fair Value Measurements)
— — — — 1,072 (1,072) —
Shares issued for stock options and employee benefit
plans
1,436 — 15 7,348 — — 7,363
Share-based compensation — — — 67,542 — — 67,542
Tax deficit from share-based compensation — — — (871) — — (871)
Repurchase and retirement of common stock (20,159) — (202) — (453,584) — (453,786)
Adjustment to adopt ASC 715 measurement date
provision, net of tax
— — — — (183) 22 (161)
Dividends declared — — — — (23,845) — (23,845)
Balances at June 27, 2009 318,006 — 3,180 1,189,060 499,951 3,851 1,696,042
Net income — — — — 734,940 — 734,940
Unrealized losses on cash flow hedging derivatives,
net of tax
— — — — — (1,757) (1,757)
Translation adjustments — — — — — 27,464 27,464
Change in pension liability, net of tax — — — — — (163) (163)
Comprehensive income 760,484
Shares issued for stock options and employee benefit
plans
9,547 — 96 204,886 — — 204,982
Share-based compensation — — — 81,420 — — 81,420
Excess tax benefit from share-based compensation — — — 27,616 — — 27,616
Repurchase and retirement of common stock (30,686) — (307) — (1,149,691) — (1,149,998)
Dividends declared — — — — (115,253) — (115,253)
Balances at July 3, 2010 296,867 $ — $ 2,969 $1,502,982 $ (30,053) $ 29,395 $ 1,505,293
See accompanying Notes to Consolidated Financial Statements.
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