Digital River 2006 Annual Report Download - page 74

DIGITAL RIVER, INC.
Consolidated Statements of Stockholders’ Equity
Shares Amount
Additional
Paid-In
Capital
Deferred
Compensation
Accumulated
Comprehensive
Income (Loss)
Retained
Earnings
(Accumulated
Deficit)
Total
Stockholders’
Equity
Comprehensive
Income (Loss)
Common Stock
As
Restated(1)
As
Restated(1)
As
Restated(1)
As
Restated(1)
As
Restated(1)
(In thousands)
BALANCE, December 31, 2003 as
previously reported ............. 31,498 $315 $217,981 $ — $ 44 $(86,488) $131,852 $17,180
Adjustments to opening shareholders’
equity ..................... — — 11,798 (1,143) — (10,655) — (1,241)
BALANCE, December 31, 2003 as
restated .................... 31,498 $315 $229,779 $(1,143) $ 44 $(97,143) $131,852 $15,939
Net income ................... — — — — — 34,507 34,507 34,507
Unrealized (loss) on investments ...... — — — — (275) — (275) (275)
Foreign currency translation (loss) ..... — — — — (99) — (99) (99)
Common stock issued for acquisitions . . . 160 2 5,342 — — — 5,344 —
Exercise of stock options ........... 1,943 19 19,700 — — — 19,719 —
Stock-based compensation .......... — — 15 802 — — 817 —
Common stock issued under the
Employee Stock Purchase Plan ...... 51 1 903 — — — 904 —
BALANCE, December 31, 2004 ...... 33,652 $337 $255,739 $ (341) $ (330) $(62,636) $192,769 $34,133
Net income ................... — — — — — 56,512 56,512 56,512
Unrealized (loss) on investments ...... — — — — (776) — (776) (776)
Foreign currency translation (loss) ..... — — — — (1,325) — (1,325) (1,325)
Repurchase of common stock ........ (483) (5) (3,637) — — (9,503) (13,145) —
Exercise of stock options ........... 1,718 17 23,182 — — — 23,199 —
Stock-based compensation .......... — — (2,053) 293 — — (1,760) —
Inducement Equity Incentive Plan ..... 64 1 1,971 (1,942) — — 30 —
Tax benefit of stock-based
compensation ................. — — 47,848 — — — 47,848 —
Common stock issued under the
Employee Stock Purchase Plan ...... 83 — 2,199 — — — 2,199 —
BALANCE, December 31, 2005 ...... 35,034 $350 $325,249 $(1,990) $ (2,431) $(15,627) $305,551 $54,411
Net income ................... — — — — — 60,810 60,810 60,810
Reclassification of deferred compensation
balance upon adoption of
SFAS 123(R) ................. — — (1,990) 1,990 — — — —
Unrealized gain (loss) on investments . . . — — — — 576 — 576 576
Foreign currency translation gain (loss) . . — — — — 13,463 — 13,463 13,463
Sale of common stock ............. 4,000 40 172,740 172,780 —
Stock Issued for Acquisition ......... 28 — 1,175 — — (3) 1,172 —
Exercise of stock options ........... 1,220 12 21,106 — — — 21,118 —
Stock-based compensation .......... 113 1 13,903 — — — 13,904 —
Tax withheld in restricted stock vesting . . (8) (235) — — (191) (426) —
Tax benefit of stock-based
compensation ................. — — 12,700 — — — 12,700 —
Common stock issued under the
Employee Stock Purchase Plan ...... 71 1 2,110 — — — 2,111 —
BALANCE, December 31, 2006 ...... 40,458 $404 $546,758 $ — $11,608 $ 44,989 $603,759 $74,849
(1) See Note 2, “Restatement of Consolidated Financial Statements,” in Notes to Consolidated Financial Statements.
The accompanying notes are an integral part of these consolidated financial statements.
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