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NUTRISYSTEM
,
INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUIT
Y
(
i
nt
h
ousan
d
s, except s
h
are amounts)
C
ommon
S
hares
C
ommon
S
tock
A
dd
i
t
i
onal
Paid
-
in
C
a
pi
tal
C
ommo
n
S
toc
k
W
arrant
s
Reta
i
ned
E
arn
i
n
gs
(
Deficit
)
To
t
al
B
ALAN
C
E, January
1
,
2004
............
28,511,021
$
28
$
31,238
$
277
$(
22,252
)$
9,291
N
et incom
e
.....................
—— — —
1
,
019 1
,
019
S
hare-based ex
p
ens
e
.............
.
108,
5
00 — 322 — — 322
Exerc
i
se o
f
stoc
k
opt
i
ons
...........
982
,
159 1 586 — — 587
Exercise of warrants
..............
5
31,180 1 661 (277) — 38
5
T
ax benefit from stock o
p
tio
n
e
xerc
i
ses
.
.................... — —
5
71 — —
5
71
B
ALANCE
,
Decem
b
er 31
,
2004 ........
.
3
0,132,860 30 33,378 —
(
21,233
)
12,175
N
et
i
ncom
e
.....................
—— — — 21
,
015 21
,
01
5
S
hare-based ex
p
ens
e
..............
36,
5
00 — 137 — — 137
Exerc
i
se o
f
stoc
k
opt
i
ons..........
.
2,
786
,
070 3 4
,
132 — — 4
,
13
5
I
ssuance o
f
common s
h
ares
.........
2,
476
,
625 2 25
,
397 — — 25
,
399
T
ax benefit from stock o
p
tio
n
e
xerc
i
ses
.
....................
——
16
,
10
5
——16
,
10
5
B
ALANCE, December 31, 200
5
.........
35
,432,0
55
3
5
79,149 — (218) 78,966
Net
i
ncom
e
.
....................
—— — —
85
,
130 85
,
130
Sh
are-
b
ase
d
expens
e
..............
1
9,327 — 3,465 — — 3,46
5
Exercise of stock o
p
tions
...........
1
,324,174 1 3,631 — — 3,632
P
urc
h
ase an
d
ret
i
rement o
f
common
sh
are
s
........................
(
896,700) (1) (45,367) — — (45,368)
Ex
e
r
c
i
se o
f
s
h
a
r
e
-
based
in
st
r
u
m
e
n
ts
h
e
ld b
y consu
l
tants, net o
fli
a
bili
ty
cl
ass
ifi
cat
i
on upon a
d
opt
i
on o
f
S
FAS 123R
...................
—
—
1
,
5
38 — — 1,
5
3
8
T
ax
b
ene
fi
t
f
rom stoc
k
opt
i
o
n
e
xerc
i
ses
.....................
—
—
1
7,
939
——
1
7,
939
B
ALANCE
,
December 31
,
200
6
.........
3
5
,
878
,
856
$
35
$
60
,
355
$
—
$
84
,
912
$
145
,
302
Th
e accompany
i
ng notes are an
i
ntegra
l
part o
f
t
h
ese conso
lid
ate
dfi
nanc
i
a
l
statements
.
40