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Table of Contents
NETGEAR, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands)
The accompanying notes are an integral part of these consolidated financial statements.
59
Common Stock
Additional
Paid-In
Capital
Cumulative
Other
Comprehensive
Income (Loss)
Retained
Earnings
Total
Shares
Amount
Balance at December 31, 2008
34,280
$
34
$
266,070
$
67
$
124,787
$
390,958
Comprehensive income:
Change in unrealized gains and losses on available-
for
-
sale securities, net of tax
—
—
—
(
63
)
—
(
63
)
Change in unrealized gains and losses on derivatives,
net of tax
—
—
—
20
—
20
Net income
—
—
—
—
9,333
9,333
Total comprehensive income
9,290
Stock
-
based compensation expense
—
—
11,059
—
—
11,059
Purchase and retirement of common stock
(21
)
—
—
—
(
282
)
(282
)
Issuance of common stock under stock-
based compensation
plans
474
1
2,991
—
—
2,992
Tax benefit from exercises and cancellations of stock
options
—
—
136
—
—
136
Balance at December 31, 2009
34,733
35
280,256
24
133,838
414,153
Comprehensive income:
Change in unrealized gains and losses on available-
for
-
sale securities, net of tax
—
—
—
4
—
4
Change in unrealized gains and losses on derivatives,
net of tax
—
—
—
253
—
253
Net income
—
—
—
—
50,909
50,909
Total comprehensive income
51,166
Stock
-
based compensation expense
—
—
12,177
—
—
12,177
Purchase and retirement of common stock
(32
)
—
—
—
(
736
)
(736
)
Issuance of common stock under stock
-
based compensation
plans
1,472
1
20,116
—
—
20,117
Tax benefit from exercises and cancellations of stock
options
—
—
3,559
—
—
3,559
Balance at December 31, 2010
36,173
36
316,108
281
184,011
500,436
Comprehensive income:
Change in unrealized gains and losses on available-
for
-
sale securities, net of tax
—
—
—
9
—
9
Change in unrealized gains and losses on derivatives,
net of tax
—
—
—
(
267
)
—
(
267
)
Net income
—
—
—
—
91,368
91,368
Total comprehensive income
91,110
Stock
-
based compensation expense
—
—
13,727
—
—
13,727
Purchase and retirement of common stock
(25
)
—
—
—
(
926
)
(926
)
Issuance of common stock under stock
-
based compensation
plans
1,499
2
30,889
—
—
30,891
Tax benefit from exercises and cancellations of stock
options
—
—
3,519
—
—
3,519
Balance at December 31, 2011
37,647
$
38
$
364,243
$
23
$
274,453
$
638,757