Invacare 2006 Annual Report Download - page 65

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CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
INVACARE CORPORATION AND SUBSIDIARIES
Common
Stock
Class B
Stock
Additional
Paid-in-
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Earnings (Loss)
Unearned
Compensation
Treasury
Stock Total
(In thousands)
January 1, 2004 Balance ..... $7,686 $278 $109,015 $ 477,113 $ 51,057 $(1,458) $(25,387) $ 618,304
Exercise of stock options,
including tax benefit . ...... 112 13,872 (2,444) 11,540
Restricted stock awards . ...... 5 906 (911) —
Restricted stock award expense . . 812 812
Net earnings . . . ........... 75,197 75,197
Foreign currency translation
adjustments . . ........... 57,903 57,903
Unrealized loss on cash flow
hedges ................ (4,322) (4,322)
Marketable securities holding
loss . . ................ (9) (9)
Total comprehensive income . . . . 128,769
Dividends ................ (1,557) (1,557)
Purchase of treasury shares ..... (4,430) (4,430)
December 31, 2004 Balance . . . 7,803 278 123,793 550,753 104,629 (1,557) (32,261) 753,438
Exercise of stock options,
including tax benefit . ...... 117 14,133 (6,004) 8,246
Restricted stock awards . ...... 5 1,011 (1,016) —
Restricted stock award expense . . 881 881
Net earnings . . . ........... 48,852 48,852
Foreign currency translation
adjustments . . ........... (56,176) (56,176)
Unrealized losses on cash flow
hedges ................ (1,008) (1,008)
Marketable securities holding
gain . . ................ 35 35
Total comprehensive loss ...... (8,297)
Dividends ................ (1,580) (1,580)
December 31, 2005 Balance . . . 7,925 278 138,937 598,025 47,480 (1,692) (38,265) 752,688
Cumulative effect adjustment,
adoption of SAB 108, net of
tax................... (1,912) (1,912)
Adjustment upon adoption of
FAS 123R . . . ........... (1,692) 1,692 —
Exercise of stock options,
including tax benefit . ...... 59 5,423 (4,314) 1,168
Restricted stock awards . ...... 29 1,046 1,075
Net loss . ................ (317,774) (317,774)
Foreign currency translation
adjustments . . ........... 64,386 64,386
Unrealized gains on cash flow
hedges ................ 2,303 2,303
Marketable securities holding
loss . . ................ (41) (41)
Total comprehensive loss ...... (251,126)
Adjustment to initially apply
FASB
Statement No. 158, net of tax . . . (14,940) (14,940)
Dividends ................ (1,589) (1,589)
December 31, 2006 Balance . . . $8,013 $278 $143,714 $ 276,750 $ 99,188 $ — $(42,579) $ 485,364
See notes to consolidated financial statements.
FS-6