FairPoint Communications 2009 Annual Report Download - page 95
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Table of Contents
Balance at
December 31,
2006 53,761 $ 538 $484,383 $ 726,992 $ — $ 1,211,913
Net income — — — 32,828 — 32,828
Net change in
parent funding — — — (125,579) — (125,579)
Balance at
December 31,
2007 53,761 $ 538 $484,383 $ 634,241 $ — $ 1,119,162
Net loss — — — (68,525) — (68,525)
Acquisition of
FairPoint 35,265 352 315,938 — — 316,290
Exercise of
restricted units 6 — — — — —
Issuance of
restricted
shares 50 — — — — —
Restricted stock
cancelled for
withholding
tax (15) — — — — —
Forfeiture of
restricted
shares (71) — — — — —
Stock based
compensation
expense — — 4,408 — — 4,408
Dividends
declared — — (69,010) — — (69,010)
Return of capital
to Verizon — — — (1,160,000) — (1,160,000)
Issuance of
bonds to
Verizon — — — (539,831) — (539,831)
Contributions by
Verizon — — — 381,890 — 381,890
Net liabilities
contributed