Napa Auto Parts 2004 Annual Report Download - page 27

Download and view the complete annual report

Please find page 27 of the 2004 Napa Auto Parts 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 44

  • 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

25
Consolidated Statements of Shareholders’ Equity
Accumulated
Additional Other Total
Common Stock Paid-In Comprehensive Retained Shareholders’
(dollars in thousands, except per share data) Shares Amount Capital Income (Loss) Earnings Equity
Balance at January 1, 2002 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
Net income — — — — 395,552 395,552
Foreign currency translation adjustment — — — 27,202 — 27,202
Changes in fair value of derivative
instruments, net of income
taxes of $1,764 — — — 2,786 — 2,786
Change in minimum pension liability,
net of income taxes of $5,079 — — — (8,345) — (8,345)
Comprehensive income 417,195
Cash dividends declared, $1.20 per share — — — — (209,739) (209,739)
Stock options exercised,
including tax benefit 1,498,002 1,498 42,097 — — 43,595
Stock based compensation ——2,518 — — 2,518
Purchase of stock (578,381) (578) (20,897) — — (21,475)
Balance at December 31, 2004 174,964,884 $174,965 $56,571 $26,478 $2,286,363 $2,544,377