Comfort Inn 2002 Annual Report Download - page 26
Download and view the complete annual report
Please find page 26 of the 2002 Comfort Inn annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16 -
17 -
18 -
19 -
20 -
21 -
22 -
23 -
24 -
25 -
26 -
27 -
28 -
29 -
30 -
31 -
32 -
33 -
34 -
35 -
36 -
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
 |
 |
CHOICE HOTELS INTERNATIONAL, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (DEFICIT) AND COMPREHENSIVE INCOME
(In thousands, except share amounts)
Common
Stock
Shares
Outstanding
Common
Stock
Amount
Additional
Paid-in-capital
Accumulated
Other
Comprehensive
Income (Loss)
Deferred
Compensation
Treasury
Stock
Comprehensive
Income
Retained
Earnings Total
Balance as of December 31, 1999 ..... 53,833,911 $ 538 $52,386 $ 1,205 $(1,937) $(108,294) $121,718 $ 65,616
Comprehensive income
Net income ...................... — — — — — — $42,445 42,445 42,445
Other comprehensive income: ....
Foreign currency translation
adjustments .............. — — — — — — (1,786) — (1,786)
Unrealized gain on securities,
net of taxes, net of
reclassification adjustment
(Note 15) ................ — — — — — — 527 — 527
Other comprehensive loss ..... — — — (1,259) — — (1,259) — —
Comprehensive income ............. $41,186
Exercise of stock options/grants, net . . . 288,634 3 3,362 — — — — 3,365
Issuance of restricted stock .......... 14,052 — 182 — (182) — — —
Amortization of deferred ............
compensation ..................... — — — — 819 — — 819
Treasury purchases ................ (1,575,029) (15) — — — (20,878) — (20,893)
Liquidation of foreign subsidiaries .... — — (685) — — — 685 —
Balance as of December 31, 2000 ..... 52,561,568 $ 526 $55,245 $ (54) $(1,300) $(129,172) $164,848 $ 90,093
Comprehensive income
Net income ...................... — — — — — — 14,327 14,327 14,327
Other comprehensive income: ....
Foreign currency translation
adjustments .............. — — — — — — (414) — (414)
Unrealized loss on securities,
net of taxes, net of
reclassification adjustment
(Note 15) ................ — — — — — — (310) — (310)
Other comprehensive loss ..... — — — (724) — — (724) — —
Comprehensive income ............. $13,603
Deferred gain on hedge ............. — — — 424 — — — 424
Exercise of stock options/grants, net . . . 1,287,454 13 14,885 — — 1,503 — 16,401
Issuance of restricted stock .......... 155,515 1 — — (2,304) 2,303 — —
Amortization of deferred
compensation ................... — — — — 747 — — 747
Treasury purchases ................ (12,006,900) (120) — — — (185,687) — (185,807)
Balance as of December 31, 2001 ..... 41,997,637 $ 420 $70,130 $ (354) $(2,857) $(311,053) $179,175 $ (64,539)
Comprehensive income
Net income ...................... — — — — — — 60,844 60,844 60,844
Other comprehensive income:..
Foreign currency translation
adjustments ............. — — — — — — 341 — 341
Amortization of deferred gain (67) (67)
Unrealized loss on securities,
net of taxes, net of
reclassification adjustment
(Note 15) ................ — — — — — — 122 — 122
Other comprehensive income .— — — 396 — — 396 — —
Comprehensive income ............ $61,240
Exercise of stock options/grants, net .442,869 4 1,762 — — 5,768 — 7,534
Issuance of restricted stock ........ 109,894 1 — — (2,301) 2,300 — —
Stock compensation related
restructuring .................. — — 1,208 — — — — — 1,208
Amortization of deferred
compensation .................. — — — — 1,666 — — 1,666
Treasury purchases ............... (5,387,184) (54) — — — (120,854) — (120,908)
Balance as of December 31, 2002 .... 37,163,216 371 $73,100 $ 42 $(3,492) $(423,839) $240,019 $(113,799)
The accompanying notes are an integral part of these consolidated financial statements.
F-18