Invacare 2015 Annual Report Download - page 78

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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, 2013 Balance . . . . . . . . . . . . . . $ 8,503 $ 272 $ 228,187 $ 364,546 $ 112,743 $ (93,262) $ 620,989
Exercise of stock options. . . . . . . . . . . . . . . 7 — 505 — — — 512
Non-qualified stock option expense . . . . . . — — 3,925 — — — 3,925
Restricted stock awards. . . . . . . . . . . . . . . . 29 — 2,003 — — (532) 1,500
Net earnings. . . . . . . . . . . . . . . . . . . . . . . . . — — — 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
Additions - 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
Deferred equity compensation . . . . . . . . . . — — 69 — — — 69
Exercise of stock options. . . . . . . . . . . . . . . 8 — 472 — — — 480
Non-qualified stock option expense . . . . . . — — 3,356 — — — 3,356
Restricted stock awards. . . . . . . . . . . . . . . . 44 — 2,226 — — (471) 1,799
Net earnings. . . . . . . . . . . . . . . . . . . . . . . . . — — — (56,070) — — (56,070)
Foreign currency translation adjustments . . — — — — (51,508) — (51,508)
Unrealized gain on cash flow hedges . . . . . — — — — 158 — 158
Defined benefit plans:
Amortization of prior service costs
and unrecognized losses and credits . . — — — — (2,187) — (2,187)
Total comprehensive loss . . . . . . . . . . . . . . — — — — — — (109,607)
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . — — — (1,584) — — (1,584)
December 31, 2014 Balance . . . . . . . . . . . $ 8,591 $ 272 $ 240,743 $ 338,362 $ 71,619 $ (94,265) $ 565,322
Exercise of stock options. . . . . . . . . . . . . . . 43 — 2,359 — — — 2,402
Non-qualified stock option expense . . . . . . — — 1,228 — — — 1,228
Restricted stock awards. . . . . . . . . . . . . . . . 93 — 2,692 — — (134) 2,651
Conversion from Class B Stock to
Common Stock . . . . . . . . . . . . . . . . . . . . . . 88 (88) —
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — (26,190) — — (26,190)
Foreign currency translation adjustments . . — — — — (81,404) — (81,404)
Unrealized gain on cash flow hedges . . . . . — — — — 2,554 — 2,554
Defined benefit plans:
Amortization of prior service costs
and unrecognized losses and credits . . — — — — (1,372) — (1,372)
Additions - new participants . . . . . . . . — — — — (784) — (784)
Total comprehensive loss . . . . . . . . . . . . . . — — — — — — (107,196)
Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . — — — (1,589) — — (1,589)
December 31, 2015 Balance . . . . . . . . . . . $ 8,815 $ 184 $ 247,022 $ 310,583 $ (9,387) $ (94,399) $ 462,818
See notes to consolidated financial statements.