Netgear 2008 Annual Report Download - page 54
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Table of Contents
NETGEAR, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Years Ended December 31, 2006, 2007 and 2008
(In thousands)
The accompanying notes are an integral part of these consolidated financial statements.
52
Common Stock
Paid
-
In
Capital
Stock
-
Based
Compensation
Comprehensive
Income (Loss)
Retained
Earnings
Total
Shares
Amount
Balance at December 31, 2005
32,964
$
33
$
204,754
$
(468
)
$
(90
)
$
31,775
$
236,004
Comprehensive income:
Unrealized gain on short-term investments, net of
tax
—
—
—
—
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
Issuance of common stock under stock
-
based
compensation plans
997
1
8,532
—
—
—
8,533
Tax benefit from exercise of stock options
—
—
4,163
—
—
—
4,163
Balance at December 31, 2006
33,961
34
221,486
—
(
5
)
72,907
294,422
Cumulative adjustment resulting from adoption of FIN
48
—
—
—
—
—
255
255
Comprehensive income:
Unrealized gain on short-term investments, net of
tax
—
—
—
—
106
—
106
Net income
—
—
—
—
—
45,954
45,954
Total comprehensive income
—
—
—
—
—
—
46,060
Stock
-
based compensation expense
—
—
8,879
—
—
—
8,879
Purchase and retirement of common stock
(5
)
—
—
—
—
(
150
)
(150
)
Issuance of common stock under stock-based
compensation plans
1,288
1
13,692
—
—
—
13,693
Tax benefit from exercise of stock options
—
—
8,364
—
—
—
8,364
Balance at December 31, 2007
35,244
35
252,421
—
101
118,966
371,523
Comprehensive income:
Unrealized loss on short
-
term investments, net of
tax
—
—
—
—
(
34
)
—
(
34
)
Net income
—
—
—
—
—
18,050
18,050
Total comprehensive income
—
—
—
—
—
—
18,016
Stock
-
based compensation expense
—
—
11,206
—
—
—
11,206
Purchase and retirement of common stock
(1,178
)
(1
)
—
—
—
(
12,229
)
(12,230
)
Issuance of common stock under stock-based
compensation plans
214
—
2,362
—
—
—
2,362
Tax benefit from exercise of stock options
—
—
81
—
—
—
81
Balance at December 31, 2008
34,280
$
34
$
266,070
$
—
$
67
$
124,787
$
390,958