Dollar General 2004 Annual Report Download - page 36

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34
Consolidated Statements of Shareholders’ Equity
(Dollars฀in฀thousands,฀except฀per฀share฀amounts)
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Other
Shareholders’
Equity Total
Balances, February 1, 2002
(as previously reported) $166,359 $301,848 $ 579,265 $(3,228) $(2,526) $ 1,041,718
Cumulative effect of restatement
on prior years (See Note 2) — — (18,028) — — (18,028)
Balances, February 1, 2002 (restated) $166,359 $301,848 $ 561,237 $(3,228) $(2,526) $ 1,023,690
Comprehensive income:
Net income — — 262,351 — — 262,351
Net change in fair value of derivatives — — — 277 — 277
Reclassification of net loss on derivatives — — — 1,602 — 1,602
Comprehensive income 264,230
Cash dividends, $0.13 per common share,
net of accruals — — (31,991) — — (31,991)
Issuance of common stock under stock
incentive plans (710,000 shares) 355 4,666 — — — 5,021
Tax benefit from stock option exercises — 2,372 — — — 2,372
Purchase of common stock by employee deferred
compensation trust, net (27,000 shares) — (98) — — (347) (445)
Amortization of unearned compensation on
restricted stock and restricted stock units — — — — 131 131
Contribution of capital — 6,031 — — — 6,031
Other equity transactions (44) (1,550) — — — (1,594)
Balances, January 31, 2003 (restated) $166,670 $313,269 $ 791,597 $ (1,349) $ (2,742) $ 1,267,445
Comprehensive income:
Net income — — 299,002 — — 299,002
Reclassification of net loss on derivatives — — — 188 — 188
Comprehensive income 299,190
Cash dividends, $0.14 per common share — — (46,883) — — (46,883)
Issuance of common stock under stock
incentive plans (4,240,000 shares) 2,120 47,365 — — — 49,485
Tax benefit from stock option exercises — 14,565 — — — 14,565
Repurchases of common stock (1,519,000 shares) (759) — (28,928) — — (29,687)
Purchase of common stock by employee deferred
compensation trust, net (11,000 shares) — (157) — — 3 (154)
Issuance of restricted stock (129,000 shares) 64 1,904 — — (1,968) —
Amortization of unearned compensation on
restricted stock — — — — 354 354
Other equity transactions — (16) — — — (16)
Balances, January 30, 2004 (restated) $168,095 $376,930 $ 1,014,788 $ (1,161) $(4,353) $ 1,554,299
Comprehensive income:
Net income — — 344,190 — — 344,190
Reclassification of net loss on derivatives — — — 188 — 188
Comprehensive income 344,378
Cash dividends, $0.16 per common share — — (52,682) — — (52,682)
Issuance of common stock under stock incentive
plans (2,875,000 shares) 1,437 32,691 — — — 34,128
Tax benefit from stock option exercises — 9,657 — — — 9,657
Repurchases of common stock (11,020,000 shares) (5,510) — (203,785) — — (209,295)
Purchase of common stock by employee deferred
compensation trust, net (25,000 shares) — (92) — — (377) (469)
Issuance of restricted stock and restricted stock
units (128,000 shares) 64 2,398 — — (2,462) —
Amortization of unearned compensation on
restricted stock and restricted stock units — — — — 1,779 1,779
Deferred compensation obligation — — — 2,708 2,708
Other equity transactions — 16 (54) — — (38)
Balances, January 28, 2005 $164,086 $421,600 $ 1,102,457 $ (973) $(2,705) $ 1,684,465
The accompanying notes are an integral part of the consolidated financial statements.