Garmin 2003 Annual Report Download - page 46

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45
Garmin Ltd. And Subsidiaries
Consolidated Statements of Stockholders' Equity
(In Thousands, Except Per Share Information)
Accumulated
Additional Other
Common Stock Paid-In Retained Comprehensive
Shares Dollars Capital Earnings Loss Total
B
alance 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)
B
alance 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 –––– 263263
Adjustment related to
unrealized gains on
available-for-sale securities,
net of income tax effects of $455 –––– 712712
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
B
alance at December 28, 2002 107,919 1,080 129,431 507,884 (35,896) 602,499
Net income – – – 178,634 –178,634
Translation adjustment ––––15,006 15,006
Adjustment related to effective
portion of cash flow hedges less
reclassification adjustment, net of
income tax effects of $408 –––– 638 638
Adjustment related to unrealized
gains (losses) on available-for-sale
securities, net of income tax effects
of $357 ––––1,234 1,234
Comprehensive income 195,512
Dividends paid ($0.50 per share) – – (31,126) (22,914) –(54,040)
Tax benefit from exercise of employee
stock options – – 1,458 ––
1,458
Issuance of common stock from
exercise of stock options 176 2 2,454 ––
2,456
Issuance of common stock through
stock purchase plan 71 –1,805 ––
1,805
B
alance at December 27, 2003 108,166 $1,082 $104,022 $663,604 ($19,018) $749,690
Se
e accompanying notes.