Office Depot 2007 Annual Report Download - page 52

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The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
50
OFFICE DEPOT, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands, except share amounts)
Common
Stock
Shares
Common
Stock
Amount
Additional
Paid-in
Capital
Unamortized
Value of Long-
Term Incentive
Stock Grant
Accumulated
Other
Comprehensive
Income (Loss)
Compre-
hensive
Income
Retained
Earnings
Treasury
Stock
Balance at December 25, 2004 .......................................... 404,925,515 $ 4,049 $ 1,257,619 $ (2,125) $ 339,708 $ 2,593,275 $ (969,478)
Comprehensive income:
Net earnings ............................................................... $ 273,792 273,792
Foreign currency translation adjustment.................... (197,273) (197,273)
Amortization of gain on hedge .................................. (1,690) (1,065)
Comprehensive income.............................................. $ 75,454
Acquisition of treasury stock ............................................. (815,236)
Adoption of FAS123R ....................................................... (2,125) 2,125
Grant of long-term incentive stock .................................... 3,676,229 37 (37) 988
Cancellation of long-term incentive stock ......................... (19,167)
Forfeiture of restricted stock.............................................. 4,491 (4,491)
Exercise of stock options (including income tax benefits
and withholding) .............................................................. 11,118,091 111 206,559 (1,984)
Issuance of stock under employee stock purchase plans ... 112,003 1 969
Direct Stock Purchase Plans .............................................. 57 39
Amortization of long-term incentive stock grant............... 49,840
Balance at December 31, 2005 .......................................... 419,812,671 4,198 1,517,373 — 140,745 2,867,067 (1,790,162)
Comprehensive income:
Net earnings ................................................................... 503,471 503,471
Foreign currency translation adjustment........................ 162,222 162,222
Amortization of gain on hedge ...................................... (1,659) (1,659)
Comprehensive income.................................................. $ 664,034
Deferred pension loss —adoption of FAS 158 .............. (6,055)
Acquisition of treasury stock ............................................. (983,436)
Grant of long-term incentive stock .................................... 287,930 3 (3)
Forfeiture of restricted stock.............................................. 2 (2)
Exercise of stock options (including income tax benefits
and withholding) .............................................................. 5,973,420 60 141,892
Issuance of stock under employee stock purchase plans ... 103,598 1 2,064
Direct Stock Purchase Plans .............................................. 51 18
Amortization of long-term incentive stock grant............... 39,597
Balance at December 30, 2006 .......................................... 426,177,619 4,262 1,700,976 $ — 295,253 3,370,538 (2,773,582)
Comprehensive income:.....................................................
Net earnings ................................................................... 395,615 395,615
Foreign currency translation adjustment........................ 179,130 179,130
Deferred pension gain .................................................... 23,192 23,192
Amortization of gain on hedge ...................................... (1,659) (1,659)
Comprehensive income.................................................. $ 596,278
Adoption of FIN 48........................................................ 17,652
Acquisition of treasury stock ............................................. (210,793)
Grant of long-term incentive stock .................................... 765,754 8 (8)
Forfeiture of restricted stock.............................................. (87,861) (1) 1
Exercise of stock options (including income tax benefits
and withholding) .............................................................. 1,849,657 18 43,909
Issuance of stock under employee stock purchase plans ... 72,456 1 1,515
Direct Stock Purchase Plans .............................................. 46 26
Amortization of long-term incentive stock grant............... 37,745
Balance at December 29, 2007 ........................................ 428,777,625 $ 4,288 $ 1,784,184 $ — $ 495,916 $ 3,783,805 $ (2,984,349)