Health Net 2007 Annual Report Download - page 101

HEALTH NET, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(Amounts in thousands)
Common Stock Restricted
Common
Stock
Unearned
Compensation
Additional
Paid-In
Capital
Common Stock
Held in Treasury Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) Income TotalShares Amount Shares Amount
Balance as of January 1, 2005 ......................................... 134,450 $134 $ 7,188 $(4,110) $ 811,292 (23,173)$ (632,926)$1,094,380 $ (3,078) $1,272,880
Comprehensive income:
Net income ...................................................... 229,785 229,785
Minimum pension liability adjustment ................................. 32 32 Change in unrealized loss on investments, net of tax impact of $6,609 ....... (10,341) (10,341)
Total comprehensive income .......................................... 219,476 Exercise of stock options including related tax benefit ...................... 3,411 3 94,106 94,109
Repurchases of common stock ......................................... (9) (449) (449)
Issuance of restricted stock ............................................ 30 869 (869) —
Forfeiture of restricted stock ........................................... (13) (345) 345 —
Amortization of restricted stock grants .................................. 2,497 2,497 Lapse of restrictions of restricted stock grants ............................. (829) 829 — Employee stock purchase plan ......................................... 20 562 562
Balance as of December 31, 2005 ...................................... 137,898 137 6,883 (2,137) 906,789 (23,182) (633,375) 1,324,165 (13,387) 1,589,075 Comprehensive income:
Net income ...................................................... 329,313 329,313
Minimum pension liability adjustment (pre-SFAS No. 158) ................ 39 39 Change in unrealized loss on investments, net of tax impact of $2,585 ....... 4,111 4,111
Total comprehensive income .......................................... 333,463 Exercise of stock options including related tax benefit ...................... 2,852 3 94,771 94,774
Defined benefit pension plans adjustment (adoption of SFAS No. 158) ......... (2,000) (2,000) Repurchases of common stock ......................................... (5,633) (257,919) (257,919)
Forfeiture of restricted stock ........................................... (60) (1,113) (1,113)
Amortization of restricted stock grants .................................. 1,611 1,611 Share-based compensation expense including related tax benefit .............. 21,074 21,074 Reclassification in connection with adopting SFAS No. 123(R) ............... (6,883) 2,137 4,746 —
Balance as of December 31, 2006 ...................................... 140,690 $140 $ — $ — $1,027,878 (28,815)$ (891,294)$1,653,478 $(11,237) $1,778,965 Implementation of FIN 48 ............................................ 1,922 1,922 Adjusted balance as of January 1, 2007 .................................. 140,690 140 — — 1,027,878 (28,815) (891,294) 1,655,400 (11,237) 1,780,887 Comprehensive income:
Net income ...................................................... 193,697 193,697
Change in unrealized loss on investments, net of tax impact of $5,738 ....... 8,885 8,885
Defined benefit pension plans:
Prior service cost and net loss ........................................ 1,192 1,192
Total comprehensive income .......................................... 203,774 Exercise of stock options including related tax benefit ...................... 2,657 4 99,202 99,206
Repurchases of common stock and accelerated stock repurchase agreement ..... 133 (125) (4,363) (232,456) (232,581) Forfeiture of restricted stock ........................................... (3) (94) (94)
Amortization of restricted stock grants .................................. 96 96 Share-based compensation expense including related tax benefit .............. 24,294 24,294 Balance as of December 31, 2007 ...................................... 143,477 $144 $ — $ — $1,151,251 (33,178)$(1,123,750)$1,849,097 $ (1,160) $1,875,582
See accompanying notes to consolidated financial statements.
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