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Table of Contents
EARTHLINK, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY AND COMPREHENSIVE INCOME
Common Stock
Treasury Stock
Accumulated
Other
Comprehensive
Income (Loss)
Additional
Paid-in
Capital
Accumulated
Deficit
Total
Stockholders'
Equity
Total
Comprehensive
Income
Shares
Amount
Shares
Amount
(in thousands)
Balance as of
December 31,
2007
186,490
$
1,865
$
2,107,584
$
(1,191,390
)
(75,943
)
$
(602,564
)
$
(977
)
$
314,518
Cumulative
effect of
change in
accounting
principle
—
—
—
(
4,027
)
—
—
—
(
4,027
)
Issuance of
common
stock
pursuant to
exercise of
stock options
and vesting
of restricted
stock units
1,774
18
5,728
—
—
—
—
5,746
Tax benefit
from equity
awards
—
—
1,017
—
—
—
—
1,017
Termination of
convertible
note hedge
and warrant
agreements
—
—
1,425
—
—
—
—
1,425
Stock-based
compensation
expense
—
—
20,133
—
—
—
—
20,133
Repurchase of
common
stock
—
—
—
—
(
3,805
)
(31,856
)
—
(
31,856
)
Reclassification
adjustment
for realized
gains and
losses on
certain
investments
—
—
—
—
—
—
893
893
Unrealized
holding gains
on certain
investments,
net of tax
—
—
—
—
—
—
42
42
$
42
Net income
—
—
—
178,584
—
—
—
178,584
178,584
Total
comprehensive
income
$
178,626
Balance as of
December 31,
2008
188,264
1,883
2,135,887
(1,016,833
)
(79,748
)
(634,420
)
(42
)
486,475
Issuance of
common
stock
pursuant to
exercise of
stock options
and vesting
of restricted
stock units
2,208
22
5,054
—
—
—
—
5,076
Tax
withholdings
related to net
share
settlements of
restricted
stock units
and stock
options
—
—
(
5,450
)
—
—
—
—
(
5,450
)
Dividends paid
on shares
outstanding
and restricted
stock units
—
—
(
30,006
)
—
—
—
—
(
30,006
)
Dividends
payable on
restricted