Napa Auto Parts 2003 Annual Report Download - page 24

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22
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Accumulated
Additional Other Total
Common Stock Paid-In Comprehensive Retained Shareholders’
(dollars in thousands, except per share amounts) Shares Amount Capital Income (Loss) Earnings Equity
Balance at January 1, 2001 172,389,688 $ 172,390 $ — $ (13,041) $2,101,457 $2,260,806
Net income — — — — 297,147 297,147
Foreign currency translation
adjustment — — — (12,252) — (12,252)
Changes in fair value of derivative
instruments, net of income taxes
of $13,867 — — — (20,801) — (20,801)
Comprehensive income 264,094
Cash dividends declared,
$1.14 per share — — — — (196,941) (196,941)
Stock options exercised,
including tax benefit 936,978 937 13,464 — — 14,401
Purchase of stock (496,025) (496) (12,162) — — (12,658)
Stock issued in connection
with acquisitions 643,303 643 14,778 — — 15,421
Balance at December 31, 2001 173,473,944 173,474 16,080 (46,094) 2,201,663 2,345,123
Net loss — — — — (27,590) (27,590)
Foreign currency translation
adjustment — — — (17,960) — (17,960)
Changes in fair value of derivative
instruments, net of income taxes
of $2,686 — — — 3,532 — 3,532
Comprehensive loss (42,018)
Cash dividends declared,
$1.16 per share — — — — (202,294) (202,294)
Stock options exercised,
including tax benefit 1,286,697 1,287 39,190 — — 40,477
Purchase of stock (389,434) (389) (11,226) — — (11,615)
Stock issued in connection with
acquisitions 9,427 9 327 — — 336
Balance at December 31, 2002 174,380,634 174,381 44,371 (60,522) 1,971,779 2,130,009
Net income — — — — 334,101 334,101
Foreign currency translation
adjustment — — — 54,864 — 54,864
Changes in fair value of derivative
instruments, net of income
taxes of $6,990 — — — 10,493 — 10,493
Comprehensive income 399,458
Cash dividends declared,
$1.18 per share — — — — (205,330) (205,330)
Stock options exercised,
including tax benefit 280,821 280 5,575 — — 5,855
Purchase of stock (616,192) (616) (17,093) — — (17,709)
Balance at December 31, 2003 174,045,263 $ 174,045 $ 32,853 $ 4,835 $2,100,550 $2,312,283