Lifetime Fitness 2009 Annual Report Download - page 51

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46
LIFE TIME FITNESS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Common Stock
Additional
Paid-In
Accumulated
Other
Comprehensive Retained
Shares Amount Capital Loss Earnings Total
(In thousands, except per share data)
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 expense related to
stock options and restricted stock ..... — — 7,746 — — 7,746
Capitalized compensation expense
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
Common stock issued upon exercise
of stock options ................................. 185,453 4 2,991 — — 2,995
Grant of restricted stock ....................... 434,180 9 (9) — — —
Forfeiture of restricted stock ................ (144,805) (3) 3 — — —
Compensation expense related to
stock options and restricted stock ..... — — 7,456 — — 7,456
Capitalized compensation expense
related to stock options and
restricted stock .................................. — — 641 — — 641
Tax benefit upon exercise of stock
options .............................................. — — 103 — — 103
Interest rate swap contract ................... — — — (2,672) — (2,672)
Net income ........................................... —— — — 71,821 71,821
BALANCE — December 31, 2008 ......... 39,612,775 793 385,095 (4,698) 271,711 652,901
Common stock issued upon exercise
of stock options ................................. 166,950 3 2,467 — — 2,470
Grant of restricted stock ....................... 1,698,194 34 (34) — — —
Forfeiture of restricted stock ................ (67,552) (1) 1 — — —
Compensation expense related to
stock options and restricted stock ..... — — 8,082 — — 8,082
Capitalized compensation expense
related to stock options and
restricted stock .................................. — — 385 — — 385
Tax benefit upon exercise of stock
options .............................................. — — (875) — — (875)
Interest rate swap contract ................... — — — 2,084 — 2,084
Net income ........................................... —— — — 72,384 72,384
BALANCE — December 31, 2009 ......... 41,410,367 $829 $395,121 ($2,614) $344,095 $737,431
See notes to consolidated financial statements.