Coach 2011 Annual Report Download - page 55
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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 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
Net income — — — — 1,038,910 — 1,038,910
Unrealized gains on cash flow hedging
derivatives, net of tax
— — — — — 1,004 1,004
Translation adjustments — — — — — (4,052) (4,052)
Change in pension liability, net of tax — — — — — (1,388) (1,388)
Comprehensive income 1,034,474
Shares issued for stock options and employee
benefit plans
7,291 — 72 151,061 — — 151,133
Share-based compensation — — — 107,511 — — 107,511
Excess tax benefit from share-based
compensation
— — — 68,057 — — 68,057
Repurchase and retirement of common stock (10,688) — (107) — (699,893) — (700,000)
Dividends declared — — — — (280,813) — (280,813)
Balances at June 30, 2012 285,118 $ — $ 2,851 $2,327,055 $ (387,450) $ 50,475 $ 1,992,931
See accompanying Notes to Consolidated Financial Statements.
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