FairPoint Communications 2005 Annual Report Download - page 61
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Balance at December 31, 2002 — $ — 8,643 $86 809 $ 8 $207,347 $ — $ (1,132)$(352,459)$(146,150)
Net income — — — — — — — — — 1,671 1,671
Compensation expense for stock-based
awards — — — — — — 15 — — — 15
Other comprehensive loss from available-for-
sale securities — — — — — — — — 1,469 —1,469
Other comprehensive income from cash flow
hedges — — — — — — — — 1,029 —1,029
Repurchase redeemable preferred stock — — — — — — — — — 2,905 2,905
Preferred stock accretion — — — — — — (729)— — — (729)
Preferred stock dividends — — — — — — (8,163)— — — (8,163)
Balance at December 31, 2003 — — 8,643 86 809 8 198,470 —1,366 (347,883)(147,953)
Net income — — — — — — — — — (23,682)(23,682)
Compensation expense for stock-based
awards — — — — — — 49 — — — 49
Other comprehensive loss fromavailable-for-
sale securities — — — — — — — — (1,469)—(1,469)
Other comprehensive income from cash flow
hedges — — — — — — — — 103 —103
Balance at December 31, 2004 — — 8,643 86 809 8 198,519 — — (371,565)(172,952)
Net income — — — — — — — — — 28,930 28,930
Net proceeds from issuance of common stock 25,000 250 — — — — 431,671 — — — 431,921
Transfer of Class A and Class C to common
stock 9,452 94 (8,643)(86)(809)(8)— — — — —
Exercise of stock options 98 1— — — — 183 — — — 184
Issuance of restricted shares, net of
forfeitures 471 5 — — — — 8,545 (8,550)— — —
Recognition of compensation expense — — — — — — 275 2,075 — — 2,350
Dividends declared — — — — — — (49,062)— — — (49,062)
Other comprehensive income from cash flow
hedges — — — — — — — — 5,477 —5,477
Balance at December 31, 2005 35,021 $350 — $ — — $ — $ 590,131 $(6,475)$5,477 $(342,635)$246,848
See accompanying notes to consolidated financial statements.
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