Nutrisystem 2008 Annual Report Download - page 46

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NUTRISYSTEM, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(in thousands, except share amounts)
Common
Shares
Common
Stock
Additional
Paid-in
Capital
Accumulated
Other
Comprehensive
Income
Retained
Earnings
(Deficit) Total
BALANCE, January 1, 2006 ......... 35,432,055 $ 35 $ 79,149 $— $ (218) $ 78,966
Net income ................... — — — — 85,130 85,130
Share-based expense ........... 19,327 — 3,465 — — 3,465
Exercise of stock options ........ 1,324,174 1 3,631 — — 3,632
Purchase and retirement of
common shares .............. (896,700) (1) (45,367) — — (45,368)
Exercise of share-based
instruments held by consultants,
net of liability classification
upon adoption of SFAS 123R . . — — 1,538 — — 1,538
Tax benefit from stock option
exercises ................... — — 17,939 — — 17,939
BALANCE, December 31, 2006 ...... 35,878,856 35 60,355 — 84,912 145,302
Net income ................... — — — — 104,152 104,152
Foreign currency translation
adjustment ................. — — — 15 — 15
Total comprehensive income ..... 104,167
Share-based expense ........... 20,770 — 4,562 — — 4,562
Exercise of stock options ........ 412,076 1 1,930 — — 1,931
Tax benefit from stock option
exercises ................... — — 7,317 — — 7,317
Purchase and retirement of
common shares .............. (2,799,031) (3) (74,164) — (47,610) (121,777)
BALANCE, December 31, 2007 ...... 33,512,671 33 — 15 141,454 141,502
Net income ................... — — — — 46,253 46,253
Foreign currency translation
adjustment ................. — — — 10 — 10
Total comprehensive income ..... 46,263
Share-based expense ........... 119,707 — 7,793 — — 7,793
Exercise of stock options ........ 659,518 1 1,021 — — 1,022
Tax benefit from equity
compensation awards ......... — — 2,581 — — 2,581
Cash dividends ................ — — — — (16,251) (16,251)
Purchase and retirement of
common shares .............. (4,907,323) (5) (11,395) — (55,685) (67,085)
BALANCE, December 31, 2008 ...... 29,384,573 $ 29 $ — $ 25 $115,771 $ 115,825
The accompanying notes are an integral part of these consolidated financial statements.
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