Lifetime Fitness 2013 Annual Report Download - page 52

Download and view the complete annual report

Please find page 52 of the 2013 Lifetime Fitness annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

46
LIFE TIME FITNESS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Common Stock
Additional
Paid-In
CapitalShares Amount Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) Income
Total
Equity
(In thousands, except share data)
Balance at December 31, 2010 41,924,985 $ 839 $ 414,922 $ 424,787 $ 30 $ 840,578
Net income 92,617 92,617
Other comprehensive loss, net of
tax (2,623) (2,623)
Common stock issued upon
exercise of stock options 142,384 3 3,159 3,162
Grant of restricted stock, net of
forfeitures 360,896 7 (7) —
Compensation related to stock
options and restricted stock grants 20,358 20,358
Tax benefit related to share-based
compensation 3,381 3,381
Balance at December 31, 2011 42,428,265 849 441,813 517,404 (2,593) 957,473
Net income 111,538 111,538
Other comprehensive loss, net of
tax (2,208) (2,208)
Common stock issued upon
exercise of stock options 115,690 3 2,339 2,342
Grant of restricted stock, net of
forfeitures 1,030,510 21 (21) —
Repurchase of common stock (425,031) (9) (19,090) (19,099)
Compensation related to stock
options and restricted stock grants 15,148 15,148
Tax benefit related to share-based
compensation 8,478 8,478
Other (755) (755)
Balance at December 31, 2012 43,149,434 864 447,912 628,942 (4,801) 1,072,917
Net income 121,712 121,712
Other comprehensive loss, net of
tax (814) (814)
Common stock issued upon
exercise of stock options 74,242 2 1,732 1,734
Grant of restricted stock, net of
forfeitures 221,208 4 (4) —
Repurchase of common stock (1,329,335) (27) (61,932) (61,959)
Compensation related to stock
options and restricted stock grants 12,838 12,838
Tax benefit related to share-based
compensation 6,211 6,211
Other (4,610) (4,610)
Balance at December 31, 2013 42,115,549 $ 843 $ 402,147 $ 750,654 $ (5,615) $ 1,148,029
See notes to consolidated financial statements.