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SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in millions, except share data in thousands)
See notes to consolidated financial statements.
Table of Contents
Common Stock
Number
of Shares
Outstanding
Amount
Additional
Paid-in
Capital
Treasury
Stock,
At Cost
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Balances, December 31, 2009
36,451
$
0.4
$
180.5
$
(28.5
)
$
210.9
$
1.4
Stock
-
based compensation expense
2.4
Issuance of restricted stock
106
(0.4
)
1.2
Restricted stock withheld for
employee taxes
(36
)
(0.4
)
(0.4
)
Exercise of stock options
234
(1.8
)
2.8
Income tax benefit on stock-based
compensation
1.2
Change in cumulative translation
adjustment
(2.6
)
Net income
42.6
Balances, December 31, 2010
36,755
$
0.4
$
181.5
$
(24.9
)
$
253.5
$
(1.2
)
Stock
-
based compensation expense
1.8
Issuance of restricted stock
126
(1.4
)
1.5
Exercise of stock options
68
(0.5
)
0.8
Return of Common Stock
(550
)
(7.9
)
Surrender of fully vested options
(1.1
)
Income tax benefit on stock-based
compensation
0.2
Change in cumulative translation
adjustment
(2.8
)
Net income
54.4
Balances, December 31, 2011
36,399
$
0.4
$
180.5
$
(30.5
)
$
307.9
$
(4.0
)
Stock
-
based compensation expense
4.0
Issuance of restricted stock
47
(0.4
)
0.6
Exercise of stock options
109
(1.0
)
1.3
Surrender of fully vested options
(0.7
)
Income tax benefit on stock-based
compensation
0.6
Change in cumulative translation
adjustment
5.0
Dividends Paid
(9.1
)
Net income (loss)
(8.3
)
Balances, December 31, 2012
36,555
$
0.4
$
183.0
$
(28.6
)
$
290.5
$
1.0
44