Garmin 2010 Annual Report Download - page 77
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65
Garmin Ltd. And Subsidiaries
Consolidated Statements of Stockholders' Equity
(In Thousands, Except Share and Per Share Information)
Accumulated
Additional Other
Common Stock Paid-In Treasury Retained Comprehensive
Shares Dollars Capital Stock Earnings Gain/(Loss) Total
Balance at December 29, 2007 216,980 $1,086 $132,264 $0 $2,171,134 $46,130 $2,350,614
Net income – – – – 732,848 –732,848
Translation adjustment – – (3,053) –(1,595) (14,991) (19,639)
Adjustment related to unrealized
gains (losses) on available-for-sale
securities, net of income tax effects
of $150 – – – – – (68,790) (68,790)
Comprehensive income 644,419
Dividends paid – – – – (150,251) –(150,251)
Tax benefit from exercise of employee
stock options – – 2,143 – – – 2,143
Issuance of common stock from
exercise of stock options 158 2 2,873 – – – 2,875
Stock compensation – – 38,872 – – – 38,872
Purchase and retirement of
common stock (17,138) (86) (182,128) –(489,633) –(671,847)
Issuance of common stock through
stock purchase plan 363 –9,029 – – – 9,029
Balance at December 27, 2008 200,363 $1,002 $0 $0 $2,262,503 ($37,651) $2,225,854
Net income – – – – 703,950 –703,950
Translation adjustment – – – – – 24,537 24,537
Adjustment related to unrealized
gains (losses) on available-for-sale
securities, net of income tax effects
of $676 – – – – – (268) (268)
Comprehensive income 728,219
Dividends paid – – – – (149,846) –(149,846)
Tax benefit from exercise of employee
stock options – – 1,366 – – – 1,366
Issuance of common stock from
exercise of stock options 409 3 3,781 – – – 3,784
Stock compensation – – 43,616 – – – 43,616
Purchase and retirement of
common stock (708) (4) (20,254) – – – (20,258)
Issuance of common stock through
stock purchase plan 210 –3,712 – – – 3,712
Balance at December 26, 2009 200,274 $1,001 $32,221 $0 $2,816,607 ($13,382) $2,836,447
Net income – – – – 584,603 –584,603
Translation adjustment – – – – – 52,509 52,509
Adjustment related to unrealized gains
(losses) on available-for-sale securities
net of income tax effects of $348 – – – – – 16,877 16,877
Comprehensive income 653,989
Dividends paid – – – – (298,853) –(298,853)
Tax benefit from exercise of employee
stock options – – 4,495 – – – 4,495
Issuance of common stock from
exercise of stock options 928 2 (867) 10,330 – – 9,465
Stock compensation – – 40,332 – – – 40,332
Purchase and retirement of
common stock (prior to June 27, 2010) (6,844) (16) (67,528) –(41,296) –(108,840)
Purchase of treasury stock – – – (117,088) – – (117,088)
Impact of redomestication on par value
of common shares –1,796,448 – – (1,796,448) ––
Deferred tax impact of redomestication – – 29,615 – – – 29,615
Balance at December 25, 2010 194,358 $1,797,435 $38,268 ($106,758) $1,264,613 $56,004 $3,049,562
See accompanying notes.