Garmin 2002 Annual Report Download - page 42

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41
Garmin Ltd. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
(In Thousands, Except Share and Per Share Information)
Accumulated
Additional Other
Common Stock Paid-In Retained Comprehensive
Shares Dollars Capital Earnings Loss Total
Balance at December 25, 1999 100,000 $1,000 $29,593 $176,431 $(12,425) $194,599
Net income – – – 105,663 – 105,663
Translation adjustment – – – – (10,483) (10,483)
Comprehensive income 95,180
Cash dividend ($0.29 per share) – – – (28,954) – (28,954)
Issuance of common stock in initial
public offering, net of offering costs 8,242 82 104,332 – – 104,414
Balance at December 30, 2000 108,242 1,082 133,925 253,140 (22,908) 365,239
Net income – – – 113,448 – 113,448
Translation adjustment – – – – (15,519) (15,519)
Adjustment related to effective
portion of cash flow hedges, net of
income tax effects of $579 – – – – (900) (900)
Comprehensive income 97,029
Issuance of common stock from
exercise of stock options 5 1 70 – – 71
Issuance of common stock through
stock purchase plan 123 1 1,463 – – 1,464
Purchase and retirement
of common stock (595) (6) (8,327) (1,501) – (9,834)
Balance at December 29, 2001 107,775 1,078 127,131 365,087 (39,327) 453,969
Net income – – – 142,797 –142,797
Translation adjustment – – – – 2,456 2,456
Adjustment related to effective
portion of cash flow hedges,
net of income tax effects of $170 – – – – 263 263
Adjustment related to unrealized
gains on available-for-sale securities,
net of income tax effects of $455 – – – – 712 712
Comprehensive income 146,228
Issuance of common stock
from exercise of stock options 74 1 1,252 ––1,253
Issuance of common stock
through stock purchase plan 70 1 1,048 ––1,049
Balance at December 28, 2002 107,919 $1,080 $129,431 $507,884 $(35,896) $602,499
See accompanying notes.