Nutrisystem 2011 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2011 Nutrisystem annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

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
Retained
Earnings
Accumulated
Other
Comprehensive
(Loss) Income Total
BALANCE, January 1, 2009 ............ 30,784,920 $31 $ 0 $115,769 $ 25 $115,825
Net income .......................... 0 0 0 28,790 0 28,790
Foreign currency translation adjustment . . . 0 0 0 0 (96) (96)
Unrealized loss on marketable securities,
netoftax ......................... 0 0 0 0 (13) (13)
Total comprehensive income ........ 28,681
Share-based expense, net ............... 171,758 0 7,704 0 0 7,704
Exercise of stock options ............... 119,806 0 563 0 0 563
Equity compensation awards, net ........ 0 0 (450) 0 0 (450)
Cash dividends ....................... 0 0 0 (21,421) 0 (21,421)
Purchase and retirement of common
shares ............................ (132,200) 0 (1,302) (637) 0 (1,939)
BALANCE, December 31, 2009 ......... 30,944,284 31 6,515 122,501 (84) 128,963
Net income .......................... 0 0 0 33,637 0 33,637
Foreign currency translation adjustment . . . 0 0 0 0 (3) (3)
Unrealized loss on marketable securities,
netoftax ......................... 0 0 0 0 (13) (13)
Unrealized loss on interest rate swaps, net
oftax ............................ 0 0 0 0 (28) (28)
Total comprehensive income ........ 33,593
Share-based expense, net ............... 371,030 0 7,537 0 0 7,537
Exercise of stock options ............... 54,927 0 124 0 0 124
Equity compensation awards, net ........ 0 0 418 0 0 418
Cash dividends ....................... 0 0 0 (20,662) 0 (20,662)
Purchase and retirement of common
shares ............................ (3,270,429) (3) (11,506) (63,488) 0 (74,997)
BALANCE, December 31, 2010 ......... 28,099,812 28 3,088 71,988 (128) 74,976
Net income .......................... 0 0 0 12,261 0 12,261
Foreign currency translation adjustment . . . 0 0 0 0 (4) (4)
Loss recognized on sales of marketable
securities, net of tax ................. 0 0 0 0 26 26
Unrealized gain on interest rate swaps, net
oftax ............................ 0 0 0 0 14 14
Total comprehensive income ........ 12,297
Share-based compensation expense, net . . . 55,892 0 7,793 0 0 7,793
Exercise of stock options ............... 25,001 0 129 0 0 129
Equity compensation awards, net ........ 0 0 (919) 0 0 (919)
Cash dividends ....................... 0 0 0 (19,318) 0 (19,318)
BALANCE, December 31, 2011 ......... 28,180,705 $28 $ 10,091 $ 64,931 $ (92) $ 74,958
The accompanying notes are an integral part of these consolidated financial statements.
46