Lifetime Fitness 2007 Annual Report Download - page 47

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41
LIFE TIME FITNESS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Common Stock
Additional
Paid-In
Deferred
Compen-
Accumulated
Other
Comprehensive Retained
Shares Amount Capital sation Loss Earnings Total
(In thousands, except share data)
BALANCE — December 31, 2004.. 33,791,61 $ 676 $ 209,931 $ (66) $ — $ 40,093 $250,634
Common stock issued upon
exercise of stock options ............ 1,698,714 34 6,149 — — — 6,183
Grant of restricted stock ................ 80,243 2 2,625 (2,627) — — —
Compensation related to stock
options and restricted stock........ — — 255 387 — — 642
Tax benefit upon exercise of
stock options .............................. — — 9,172 — — — 9,172
Net income .................................... —— — — — 41,213 41,213
BALANCE — December 31, 2005.. 35,570,567 712 228,132 (2,306) — 81,306 307,844
Reclassification of deferred
compensation to additional
paid-in capital............................. — — (2,306) 2,306 — — —
Common stock issued upon
exercise of stock options ............ 1,090,788 22 15,242 — — — 15,264
Grant of restricted stock ................ 156,164 3 (3) — — — —
Forfeiture of restricted stock ......... (320) — — — — — —
Compensation related to stock
options and restricted stock........ — — 7,556 — — — 7,556
Capitalized compensation related
to stock options and restricted
stock........................................... — — 1,055 — — — 1,055
Tax benefit upon exercise of
stock options .............................. — — 10,229 — — — 10,229
Net income .................................... —— — — — 50,565 50,565
BALANCE — December 31, 2006.. 36,817,199 737 259,905 — — 131,871 392,513
Common stock issued upon
common stock offering .............. 1,675,000 33 92,469 — — — 92,502
Common stock issued upon
exercise of stock options ............ 487,075 10 8,444 — — — 8,454
Grant of restricted stock ................ 162,393 3 (3) — — — —
Forfeiture of restricted stock ......... (3,720) — — — — — —
Compensation related to stock
options and restricted stock........ — — 7,746 — — — 7,746
Capitalized compensation related
to stock options and restricted
stock........................................... — — 744 — — — 744
Tax benefit upon exercise of
stock options .............................. — — 4,605 — — — 4,605
Interest rate swap contract............. — — — — (2,026) — (2,026)
Net income .................................... —— — — — 68,019 68,019
BALANCE — December 31, 2007.. 39,137,947 $ 783 $ 373,910 $ — $ (2,026) $ 199,890 $572,557
See notes to consolidated financial statements.