Nautilus 2004 Annual Report Download - page 38

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Table of Contents
NAUTILUS, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
YEARS ENDED DECEMBER 31, 2004, 2003 AND 2002
(In Thousands, Except Share Data)
See notes to consolidated financial statements.
36
Common Stock
Unearned
Stock
Compensation
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Total
Shares
Amount
BALANCES, JANUARY 1, 2002
34,954,790
$
4,900
$
—
$
142,637
$
(123
)
$
147,414
Net income
—
—
—
97,887
—
97,887
Cumulative translation adjustment
—
—
—
—
1,308
1,308
Comprehensive income
99,195
Options exercised
362,227
2,727
—
—
—
2,727
Stock repurchased
(2,843,120
)
(10,683
)
—
(
39,286
)
—
(
49,969
)
Tax benefit of exercise of nonqualified options
—
3,056
—
—
—
3,056
BALANCES, DECEMBER 31, 2002
32,473,897
—
—
201,238
1,185
202,423
Net income
—
—
—
34,402
—
34,402
Cumulative translation adjustment
—
—
—
—
2,079
2,079
Comprehensive income
36,481
Dividends paid
—
—
—
(
13,030
)
—
(
13,030
)
Unearned stock compensation
—
1,700
(1,700
)
—
Amortization of unearned stock compensation
—
—
156
—
—
156
Options exercised
231,851
979
—
—
—
979
Stock repurchased
(100,300
)
(392
)
—
(
1,030
)
—
(
1,422
)
Tax benefit of exercise of nonqualified options
—
541
—
—
—
541
BALANCES, DECEMBER 31, 2003
32,605,448
2,828
(1,544
)
221,580
3,264
226,128
Net income
—
—
—
29,985
—
29,985
Cumulative translation adjustment
—
—
—
—
820
820
Comprehensive income
30,805
Dividends paid
—
—
—
(
13,091
)
—
(
13,091
)
Amortization of unearned stock compensation
—
—
340
—
—
340
Options exercised
542,310
6,569
—
—
—
6,569
Tax benefit of exercise of nonqualified options
—
1,285
—
—
—
1,285
BALANCES, DECEMBER 31, 2004
33,147,758
$
10,682
$
(1,204
)
$
238,474
$
4,084
$
252,036