LeapFrog 2004 Annual Report Download - page 84

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LEAPFROG ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands)
Class A
Common
Stock
Class B
Common
Stock
Treasury
Stock
Additional
Paid-In
Capital
Deferred
Compen-
sation
Notes
Receivable
from
Stockholders
Accumu-
lated Other
Comprehen-
sive (Loss)/
Income
Retained
Earnings
(Accumu-
lated
Deficit)
Total
Stock-
holder’s
Equity
Balances at December 31, 2001 ................ $— $ 3 $(550) $ 74,308 $(2,560) $(4,073) $ 11 $ 5,709 $ 72,848
Amortization of deferred compensation ......... — — — — 1,752 — — 1,752
Deferred compensation ...................... — — — 5,034 (5,034) — — — —
Reversal of deferred compensation due to
employee termination ..................... — — — (920) 920 — — — —
Class A common stock issued upon exercise of
stock options and warrants (470 shares) ....... 1 — — 1,821 — — — — 1,822
Class A common stock issued in exchange for
notes receivable (66 shares) ................ — — — 292 — (292) — — —
Public offering of Class A common stock, net of
offering costs (9,960 shares) ................ 1 — — 115,115 — — — — 115,116
Issuance of stock options to nonemployees and
notes receivable ......................... — — — 349 — — — — 349
Warrants issued in exchange for services
rendered ............................... — — — 142 — — — — 142
Conversion of stock appreciation rights to non-
qualified stock options .................... — — — 2,382 — — — — 2,382
Conversion of Series A preferred stock to Class A
common stock (2,000 shares) ............... — — — 24,139 — — — — 24,139
Class B common stock issued upon exercise of
warrants (8,191 shares) .................... — 1 — — — — — — 1
Tax benefit of stock option exercises ........... — — — 4,908 — — — — 4,908
Repayments of notes receivable from
stockholders ............................ — — — — — 1,741 — — 1,741
Retirement of treasury stock (232 shares) ....... — — 550 (550) — — — — —
Comprehensive income:
Net income ............................. — — — — — — — 43,444 43,444
Cumulative translation adjustment ........... — — — — — — 154 — 154
Total comprehensive income ................. — — — — — — — — 43,598
Balances at December 31, 2002 ................ 2 4 — 227,020 (4,922) (2,624) 165 49,153 268,798
Amortization of deferred compensation ......... — — — — 2,203 — — 2,203
Deferred compensation ...................... — — — 127 (127) — — — —
Reversal of deferred compensation due to
employee termination ..................... — — — (354) 354 — — — —
Repayments of notes receivable from
stockholders ............................ — — — — — 2,624 — — 2,624
Class A common stock issued upon exercise of
stock option and employee purchase plan
(4,777 shares) ........................... — — — 27,960 — — — — 27,960
Issuance of stock options to nonemployees ...... — — — 1,093 — — — — 1,093
Tax benefit of stock option exercises and other . . . — — — 39,130 — — — — 39,130
Conversion of Class B to Class A shares (10,796
shares) ................................. 1 (1) — — — — — — —
Comprehensive income:
Net income ............................. — — — — — — — 72,675 72,675
Cumulative translation adjustment ........... — — — — — — 663 — 663
Total comprehensive income ................. — — — — — — — — 73,338
Balances at December 31, 2003 ................ 3 3 — 294,976 (2,492) — 828 121,828 415,146
Amortization of deferred compensation ......... — — — — 1,691 — — 1,691
Deferred compensation ...................... — — — 1,523 (1,523) — — — —
Reversal of deferred compensation due to
employee termination ..................... — — — (324) 324 — — — —
Class A common stock issued upon exercise of
stock option and employee purchase plan
(1,759 shares) ........................... — — — 13,016 — — — — 13,016
Issuance of stock awards to employees (115
shares) ................................. — — — — — — — — —
Issuance of stock options to nonemployees ...... — — — 426 — — — — 426
Tax benefit of stock option exercises and other . . . — — — 9,179 — — — — 9,179
Conversion of Class B to Class A shares (269
shares) ................................. — — — — — — — — —
Comprehensive income:
Net loss ................................ — — — — — — — (6,528) (6,528)
Cumulative translation adjustment ........... — — — — — — 1,570 — 1,570
Total comprehensive income ................. — — — — — — — — (4,958)
Balances at December 31, 2004 ................ $ 3 $ 3 $— $318,796 $(2,000) $ — $2,398 $115,300 $434,500
See accompanying notes.
F-5