Netgear 2006 Annual Report Download - page 48
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Table of Contents
NETGEAR, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Years Ended December 31, 2004, 2005 and 2006
The accompanying notes are an integral part of these consolidated financial statements.
44
Cumulative
Retained
Additional
Deferred
Other
Earnings
Common Stock
Paid
-
in
Stock
-
Based
Comprehensive
(Accumulated
Shares
Amount
Capital
Compensation
Income (Loss)
Deficit)
Total
(In thousands, except share data)
Balance at December 31, 2003
28,618,969
28
164,459
(4,248
)
13
(25,313
)
134,939
Comprehensive income:
Unrealized loss on short
-
term investments
—
—
—
—
(
20
)
—
(
20
)
Net income
—
—
—
—
—
23,465
23,465
Total comprehensive income
—
—
—
—
—
—
23,445
Reversal of deferred stock-based
compensation
—
—
(
678
)
678
—
—
—
Amortization of deferred stock-based
compensation
—
—
—
1,688
—
—
1,688
Exercise of common stock options
2,796,428
3
12,965
—
—
—
12,968
Issuance of common stock under employee
stock purchase plan
39,217
—
381
—
—
—
381
Tax benefit from exercise of stock options
—
—
11,773
—
—
—
11,773
Balance at December 31, 2004
31,454,614
31
188,900
(1,882
)
(7
)
(1,848
)
185,194
Comprehensive income:
Unrealized loss on short
-
term investments
—
—
—
—
(
83
)
—
(
83
)
Net income
—
—
—
—
—
33,623
33,623
Total comprehensive income
—
—
—
—
—
—
33,540
Reversal of deferred stock-based
compensation
—
—
(
350
)
350
—
—
—
Amortization of deferred stock-based
compensation
—
—
—
1,064
—
—
1,064
Exercise of common stock options
1,422,123
2
8,101
—
—
—
8,103
Issuance of common stock under employee
stock purchase plan
86,859
—
1,002
—
—
—
1,002
Tax benefit from exercise of stock options
—
—
7,101
—
—
—
7,101
Balance at December 31, 2005
32,963,596
33
204,754
(468
)
(90
)
31,775
236,004
Comprehensive income:
Unrealized gain on short
-
term investments
—
—
—
—
85
—
85
Net income
—
—
—
—
—
41,132
41,132
Total comprehensive income
—
—
—
—
—
—
41,217
Reversal of deferred stock-based
compensation
—
—
(
468
)
468
—
—
—
Stock
-
based compensation expense
—
—
4,505
—
—
—
4,505
Exercise of common stock options
932,928
—
7,433
—
—
—
7,433
Issuance of common stock under employee
stock purchase plan
63,982
—
1,100
—
—
—
1,100
Tax benefit from exercise of stock options
—
—
4,163
—
—
—
4,163
Balance at December 31, 2006
33,960,506
$
33
$
221,487
$
—
$
(
5
)
$
72,907
$
294,422