Home Shopping Network 2011 Annual Report Download - page 39

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HSN, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands)
Preferred
Stock Common Stock Additional
Paid-in
Capital
Accumulated
Deficit
Accumulated
Other
Comprehensive
(Loss) Income TotalShares Amount Shares Amount
Balance as of December 31, 2008: .......
As previously reported .............. — $ — 56,222 $ 562 $ 2,406,503 $ (2,148,534) $ (246) $ 258,285
Effect of prior year adjustment (a) .... — — — — (263,454) 263,454 — —
As adjusted (a) .................... — — 56,222 562 2,143,049 (1,885,080) (246) 258,285
Comprehensive income:
Net income ....................... — — — — — 72,488 — 72,488
Foreign currency translation ......... — — — — — — (8) (8)
Comprehensive income ................. 72,480
Stock-based compensation expense for
equity awards ....................... — — — — 11,391 — — 11,391
Adjustment to capitalization as a result of the
spin-off ........................... — — — — 406 — — 406
Issuance of common stock from stock-based
compensation awards ................. — — 281 3 1,465 — — 1,468
Balance as of December 31, 2009 ........ — — 56,503 565 2,156,311 (1,812,592) (254) 344,030
Comprehensive income:
Net income ....................... — — — — — 98,523 — 98,523
Foreign currency translation ......... — — — — — — 254 254
Total comprehensive income ............. 98,777
Stock-based compensation expense for
equity awards ....................... — — — — 16,491 — — 16,491
Issuance of common stock from stock-based
compensation awards, including tax
benefit of $2,064 .................... — — 1,464 15 17,150 — — 17,165
Balance as of December 31, 2010 ........ — — 57,967 580 2,189,952 (1,714,069) — 476,463
Comprehensive income ................. — — — — — 123,070 — 123,070
Stock-based compensation expense for
equity awards ....................... — — — — 18,908 — — 18,908
Cash dividend declared on common stock . . — — — — (7,384) — — (7,384)
Issuance of common stock from stock-based
compensation awards, including tax
benefit of $9,330 .................... — — 1,238 12 6,689 — — 6,701
Repurchases of common stock ........... — — (791) (8) (28,053) — — (28,061)
Balance as of December 31, 2011 ........ — $— 58,414 $584 $2,180,112 $(1,590,999) $— $589,697
(a) See Note 1 of Notes to Consolidated Financial Statements under the subheading “Restatement of Previously Issued Financial
Information.”
The accompanying notes are an integral part of these consolidated financial statements.
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