Memorex 2007 Annual Report Download - page 72

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IMATION CORP.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME (LOSS)
Common
Stock
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Unearned ESOP
Shares and
Other
Compensation
Treasury
Stock
Total
Shareholders’
Equity
(In millions, except per share amounts)
Balance as of December 31, 2004 ............................... $0.4 $1,041.7 $ 57.1 $ (85.1) $(1.7) $(225.6) $ 786.8
Purchase of treasury stock (453,300 shares) . . . ..................... (15.9) (15.9)
Exercise of stock options (968,953 shares) ......................... (0.4) (8.4) 32.9 24.1
Restricted stock grants (113,461 shares) and other .................... (0.4) (2.7) 4.1 1.0
401(k) matching contribution (91,790 shares) . . . ..................... 0.4 3.2 3.6
Tax benefit from shareholder transactions . . ........................ 5.0 5.0
Dividend payments ...................................... (15.7) (15.7)
Comprehensive income:
Net income . . . ...................................... 87.9 87.9
Net change in cumulative translation adjustment . . . ................. (19.3) (19.3)
Minimum pension liability adjustments (net of income tax benefit of $1.0)....... (2.6) (2.6)
Cash flow hedging (net of income tax provision of $0.3) ................ 0.4 0.4
Comprehensive income . ................................. 66.4
Balance as of December 31, 2005 ............................... 0.4 1,046.7 120.5 (106.6) (4.4) (201.3) 855.3
Purchase of treasury stock (865,400 shares) . . . ..................... (35.6) (35.6)
Exercise of stock options (1,204,781 shares) . . . ..................... (8.8) (5.5) 46.0 31.7
Restricted stock grants (96,960 shares) and other ..................... (6.1) 4.4 3.5 1.8
401(k) matching contribution (80,501 shares) . . . ..................... 0.2 3.2 3.4
Stock-based compensation related to options........................ 8.8 8.8
Tax benefit from shareholder transactions . . ........................ 8.1 8.1
Dividend payments ...................................... (18.8) (18.8)
Initial FAS 158 adjustment (net of income tax provision of $1.7) . ............ (3.2) (3.2)
Comprehensive income:
Net income . . . ...................................... 76.4 76.4
Net change in cumulative translation adjustment . . . ................. 13.4 13.4
Minimum pension liability adjustments (net of income tax benefit of $2.6)....... 4.6 4.6
Cash flow hedging (net of income tax provision of $0.3) ................ 0.4 0.4
Comprehensive income . ................................. 94.8
Balance as of December 31, 2006 ............................... 0.4 1,048.9 172.6 (91.4) 0.0 (184.2) 946.3
Purchase of treasury stock (3,816,401 shares) . . ..................... (108.2) (108.2)
Exercise of stock options (293,954 shares) ......................... (2.3) 10.0 7.7
Restricted stock grants (46,202 shares) and other ..................... (0.1) 2.8 2.7
401(k) matching contribution (104,155 shares) . . ..................... 0.3 3.1 3.4
Stock-based compensation related to options........................ 7.9 7.9
Terminated employment agreement . . . .......................... 0.6 (1.5) (0.9)
TDK Recording Media acquisition (6,825,764 shares) . . ................. 51.7 165.0 216.7
FIN 48 adjustment . . . ................................... 2.5 2.5
Tax benefit from shareholder transactions . . ........................ 2.0 2.0
Dividend payments ...................................... (23.2) (23.2)
Comprehensive loss:
Net loss . .......................................... (50.4) (50.4)
Net change in cumulative translation adjustment . . . ................. 37.5 37.5
Pension adjustments (net of income tax benefit of $5.0) ................ 9.2 9.2
Cash flow hedging (net of income tax provision of $0.2) ................ 0.6 0.6
Comprehensive loss . . . ................................. (3.1)
Balance as of December 31, 2007 ............................... $0.4 $1,109.0 $101.5 $ (44.1) $ 0.0 $(113.0) $1,053.8
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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