Invacare 2013 Annual Report Download - page 80

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FS-6
CONSOLIDATED STATEMENT OF SHAREHOLDERS’ EQUITY
INVACARE CORPORATION AND SUBSIDIARIES
Common
Stock Class B
Stock
Additional
Paid-in-
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Earnings Treasury
Stock Total
(In thousands)
January 1, 2011 Balance . . . . . . . . . . . . . . . . . . . . . . . $ 8,401 $ 272 $ 231,685 $ 370,001 $ 112,631 $ (70,579) $ 652,411
Exercise of stock options. . . . . . . . . . . . . . . . . . . . . . . . 45 — 4,098 — — (10) 4,133
Non-qualified stock option expense . . . . . . . . . . . . . . . — — 4,441 — — — 4,441
Restricted stock awards. . . . . . . . . . . . . . . . . . . . . . . . . 25 — 2,174 — — (666) 1,533
Net earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — (4,113) — — (4,113)
Foreign currency translation adjustments . . . . . . . . . . . — — — — 14,440 — 14,440
Unrealized gain on cash flow hedges . . . . . . . . . . . . . . — — — — 254 — 254
Defined benefit plans: . . . . . . . . . . . . . . . . . . . . . . . . . .
Amortization of prior service costs and
unrecognized losses and credits. . . . . . . . . . . . . . — — — — (401) — (401)
Amounts arising during the year, primarily due
to the addition of new participants. . . . . . . . . . . . — — — — (2,048) — (2,048)
Marketable securities holding loss . . . . . . . . . . . . . . . . —— —— ———
Total comprehensive loss . . . . . . . . . . . . . . . . . . . . . . . — — — — — — 8,132
Extinguishment of Convertible Debt. . . . . . . . . . . . . . . — — (20,989) — — — (20,989)
Dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — (1,588) — — (1,588)
Purchase of treasury shares . . . . . . . . . . . . . . . . . . . . . . — — — — — (21,548) (21,548)
December 31, 2011 Balance . . . . . . . . . . . . . . . . . . . . $ 8,471 $ 272 $ 221,409 $ 364,300 $ 124,876 $ (92,803) $ 626,525
Exercise of stock options. . . . . . . . . . . . . . . . . . . . . . . . 2 — 98 — — (100) —
Non-qualified stock option expense . . . . . . . . . . . . . . . — — 4,304 — — — 4,304
Restricted stock awards. . . . . . . . . . . . . . . . . . . . . . . . . 30 — 2,211 — — (359) 1,882
Net earnings (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 1,827 — — 1,827
Foreign currency translation adjustments . . . . . . . . . . . — — — — (9,624) — (9,624)
Unrealized gain on cash flow hedges . . . . . . . . . . . . . . — — — — (1,677) — (1,677)
Defined benefit plans: . . . . . . . . . . . . . . . . . . . . . . . . . .
Amortization of prior service costs and
unrecognized losses and credits. . . . . . . . . . . . . . — — — — (664) — (664)
Amounts arising during the year, primarily due
to the addition of new participants. . . . . . . . . . . . — — — — (168) — (168)
Total comprehensive income. . . . . . . . . . . . . . . . . . . . . — — — — — — (10,306)
Extinguishment of Convertible Debt. . . . . . . . . . . . . . . — — 165 — — — 165
Dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — (1,581) — — (1,581)
December 31, 2012 Balance . . . . . . . . . . . . . . . . . . . . $ 8,503 $ 272 $ 228,187 $ 364,546 $ 112,743 $ (93,262) $ 620,989
Exercise of stock options. . . . . . . . . . . . . . . . . . . . . . . . 7 — 505 — — (13) 499
Non-qualified stock option expense . . . . . . . . . . . . . . . — — 3,925 — — — 3,925
Restricted stock awards. . . . . . . . . . . . . . . . . . . . . . . . . 29 — 2,003 — — (519) 1,513
Net earnings (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 33,051 — — 33,051
Foreign currency translation adjustments . . . . . . . . . . . — — — — 10,969 — 10,969
Unrealized gain on cash flow hedges . . . . . . . . . . . . . . — — — — 73 — 73
Defined benefit plans: . . . . . . . . . . . . . . . . . . . . . . . . . .
Amortization of prior service costs and
unrecognized losses and credits. . . . . . . . . . . . . . — — — — 1,691 — 1,691
Amounts arising during the year, primarily due
to the addition of new participants. . . . . . . . . . . . — — — — (320) — (320)
Total comprehensive income. . . . . . . . . . . . . . . . . . . . . — — — — — — 45,464
Dividends. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — (1,581) — — (1,581)
December 31, 2013 Balance . . . . . . . . . . . . . . . . . . . . $ 8,539 $ 272 $ 234,620 $ 396,016 $ 125,156 $ (93,794) $ 670,809
See notes to consolidated financial statements.