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LEAPFROG ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Year Ended March 31, 2015, Three Months Ended March 31, 2014 and Years Ended December 31, 2013
and December 31, 2012
(In thousands)
Class A Class B Treasury
Stock
Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings/
(Accumulated
Deficit) TotalShares Amount Shares Amount
Balance, December 31, 2011 ...... 54,923 $ 6 11,113 $ 1 $(185) $395,627 $ (225) $(162,480) $ 232,744
Conversion of Class B shares to
Class A shares .............. 5,398 — (5,398) — — — — — —
Class A common shares issued upon
exercise of employee stock-based
awards and purchases made under
the employee purchase plan ...... 1,649 — — — — 4,222 — — 4,222
Net cash paid for payroll taxes on
restricted stock unit releases ..... — — — — — (1,762) — — (1,762)
Stock-based compensation expense . . . — — — — — 6,991 — — 6,991
Cumulative translation adjustment . . . — — — — — — 1,386 — 1,386
Transfer of temporary gain on
long-term investments, net of tax . . — — — — — — (90) — (90)
Net income ................. — — — — — — — 86,452 86,452
Balance, December 31, 2012 ...... 61,970 6 5,715 1 (185) 405,078 1,071 (76,028) 329,943
Conversion of Class B shares to
Class A shares .............. 1,319 1 (1,319) (1) — — — — —
Class A common shares issued upon
exercise of employee stock-based
awards and purchases made under
the employee purchase plan ...... 1,627 — — — — 5,869 — — 5,869
Net cash paid for payroll taxes on
restricted stock unit releases ..... — — — — — (1,247) — — (1,247)
Stock-based compensation expense . . . — — — — — 10,209 — — 10,209
Cumulative translation adjustment . . . — — — — — — (1,078) (1,078)
Tax shortfall from stock-based
compensation .............. — — — — — (383) — — (383)
Net income ................. — — — — — — — 84,009 84,009
Balance, December 31, 2013 ...... 64,916 7 4,396 — (185) 419,526 (7) 7,981 427,322
Class A common shares issued upon
exercise of employee stock-based
awards and purchases made under
the employee purchase plan ...... 313 — — — — 1,094 — — 1,094
Net cash paid for payroll taxes on
restricted stock unit releases ..... — — — — — (374) — — (374)
Stock-based compensation expense . . . — — — — — 2,797 — — 2,797
Cumulative translation adjustment .... — — — — — — (571) — (571)
Tax shortfall from stock-based
compensation .............. — — — — — (365) — — (365)
Net loss ................... — — — — — — — (11,783) (11,783)
Balance, March 31, 2014 ........ 65,229 7 4,396 — (185) 422,678 (578) (3,802) 418,120
Conversion of Class B shares to
Class A shares .............. 2 — (2) — — — — — —
Class A common shares issued upon
exercise of employee stock-based
awards and purchases made under
the employee purchase plan ...... 859 — — — — 1,951 — — 1,951
Net cash paid for payroll taxes on
restricted stock unit releases ..... — — — — (1,065) — — (1,065)
Stock-based compensation expense . . . — — — — — 11,286 — — 11,286
Cumulative translation adjustment . . . — — — — — — (4,872) — (4,872)
Repurchase of common shares ...... (6) — (38) — — (38)
Tax shortfall from stock-based
compensation .............. — — — — — (84) — — (84)
Net loss ................... — — — — — — — (218,772) (218,772)
Balance, March 31, 2015 ........ 66,084 $ 7 4,394 $— $(185) $434,728 $(5,450) $(222,574) $ 206,526
See accompanying notes to consolidated financial statements
49