Hormel Foods 2013 Annual Report Download - page 38

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36
Consolidated Statements of Changes in Shareholders’ Investment
Hormel Foods Corporation Shareholders
Accumulated
Additional Other Non- Total
(in thousands, Common Stock Treasury Stock Paid-In Retained Comprehensive controlling Shareholders’
except per share amounts) Shares Amount Shares Amount Capital Earnings Income (Loss) Interest Investment
Balance at October 31, 2010 265,963 $ 7,793 – $ – $ – $ 2,568,774 $ (175,910) $ 5,982 $ 2,406,639
Net earnings 474,195 5,001 479,196
Other comprehensive income 427 251 678
Purchases of common stock (5,497) (152,930) (152,930)
Stock-based compensation
expense 17,229 17,229
Exercise of stock options/
nonvested shares 3,503 102 (6) (163) 53,100 53,039
Shares retired (5,503) (161) 5,503 153,093 (70,329) (82,603) –
Distribution to noncontrolling
interest (8,000) (8,000)
Declared cash dividends —
$.51 per share (136,035) (136,035)
Balance at October 30, 2011 263,963 $ 7,734 – $ – $ – $ 2,824,331 $ (175,483) $ 3,234 $ 2,659,816
Net earnings 500,050 4,911 504,961
Other comprehensive
(loss) income (148,086) 51 (148,035)
Purchases of common stock (2,142) (61,366) (61,366)
Stock-based compensation
expense 16,710 16,710
Exercise of stock options/
nonvested shares 1,233 36 (10) (295) 13,576 13,317
Shares retired (2,152) (63) 2,152 61,661 (30,286) (31,312) –
Proceeds from noncontrolling
interest 774 774
Distribution to noncontrolling
interest (3,500) (3,500)
Declared cash dividends —
$.60 per share (157,752) (157,752)
Balance at October 28, 2012 263,044 $ 7,707 – $ – $ – $ 3,135,317 $ (323,569) $ 5,470 $ 2,824,925
Net earnings 526,211 3,865 530,076
Other comprehensive
(loss) income 174,355 204 174,559
Purchases of common stock (1,745) (70,819) (70,819)
Stock-based compensation
expense 17,596 17,596
Exercise of stock options/
nonvested shares 2,359 69 23,955 24,024
Shares retired (1,745) (51) 1,745 70,819 (41,551) (29,217) –
Proceeds from noncontrolling
interest – –
Distribution to noncontrolling
interest (4,000) (4,000)
Declared cash dividends —
$.68 per share (179,782) (179,782)
Balance at October 27, 2013 263,658 $7,725 – $ – $ – $3,452,529 $(149,214) $ 5,539 $3,316,579
See Notes to Consolidated Financial Statements.