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Table of Contents
NAUTILUS, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME (LOSS)
YEARS ENDED DECEMBER 31, 2008, 2007 AND 2006
(In Thousands)
See accompanying notes to consolidated financial statements.
42
Common Stock
Unearned
Stock
Compensation
Retained
Earnings
Accumulated
Other
Comprehensive
Income
Total
Stockholders’
Equity
Shares
Amount
Balances at January 1, 2006
32,780
$
3,549
$
(1,947
)
$
248,123
$
2,741
$
252,466
Net income
—
—
—
29,100
—
29,100
Foreign currency translation adjustment
—
—
—
—
1,449
1,449
Comprehensive income
30,549
Dividends paid $0.40 per share
—
—
—
(
12,913
)
—
(
12,913
)
Cumulative change upon adoption of SFAS
123(R)
—
(
1,947
)
1,947
—
—
—
Stock
-
based compensation expense
—
2,534
—
—
—
2,534
Stock options exercised
46
603
—
—
—
603
Stock repurchased
(1,344
)
(3,761
)
—
(
12,892
)
—
(
16,653
)
Stock option income tax benefit
—
48
—
—
—
48
Balances at December 31, 2006
31,482
1,026
—
251,418
4,190
256,634
Net loss
—
—
—
(
55,613
)
—
(
55,613
)
Foreign currency translation adjustment
—
—
—
—
2,897
2,897
Comprehensive loss
(52,716
)
Dividends paid $0.30 per share
—
—
—
(
9,465
)
—
(
9,465
)
Cumulative change upon adoption of FIN 48
—
—
—
(
1,319
)
—
(
1,319
)
Stock
-
based compensation expense
—
2,679
—
—
—
2,679
Restricted stock released
12
—
—
—
—
—
Stock options exercised
63
756
—
—
—
756
Stock option income tax deficiencies
—
(
115
)
—
—
—
(
115
)
Balances at December 31, 2007
31,557
4,346
—
185,021
7,087
196,454
Net loss
—
—
—
(
90,588
)
—
(
90,588
)
Foreign currency translation adjustment
—
—
—
—
(
1,042
)
(1,042
)
Comprehensive loss
(91,630
)
Stock
-
based compensation expense
—
4,792
—
—
—
4,792
Stock options exercised
90
563
—
—
—
563
Stock repurchased
(1,033
)
(5,320
)
—
—
—
(
5,320
)
Stock option income tax deficiencies
(1,174
)
—
—
—
(
1,174
)
Balances at December 31, 2008
30,614
$
3,207
$
—
$
94,433
$
6,045
$
103,685