Coach 2010 Annual Report Download - page 50

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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
Income
Total
Stockholders'
Equity
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
Net income — — — — 880,800 — 880,800
Unrealized gains on cash flow hedging
derivatives, net of tax
— — — — — 627 627
Translation adjustments — — — — — 24,351 24,351
Change in pension liability, net of tax — — — — — 538 538
Comprehensive income 906,316
Shares issued for stock options and employee
benefit plans
12,052 — 121 343,450 — — 343,571
Share-based compensation — — — 95,830 — — 95,830
Excess tax benefit from share-based
compensation
— — — 58,164 — — 58,164
Repurchase and retirement of common stock (20,404) — (204) — (1,097,796) — (1,098,000)
Dividends declared — — — — (198,605) — (198,605)
Balances at July 2, 2011 288,515 $ — $ 2,886 $ 2,000,426 $ (445,654) $ 54,911 $ 1,612,569
See accompanying Notes to Consolidated Financial Statements.
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