Office Depot 2009 Annual Report Download - page 55

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OFFICE DEPOT, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands, except share amounts)
Common
Stock
Shares
Common
Stock
Amount
Additional
Paid-in
Capital
Comprehensive
Income (Loss)
Accumulated
Other
Comprehensive
Income (Loss)
Retained
Earnings
(Accumulated
Deficit)
Treasury
Stock
Noncontrolling
Interest
Total
Stockholders’
Equity
Balance at December 30, 2006 .......... 426,177,619 $ 4,262 $1,700,976 $ 295,253 $ 3,370,538 $(2,773,582) $ 16,023 $ 2,613,470
Comprehensive income, net of tax:
Net earnings ....................... 394,704 395,615 (911) 394,704
Foreign currency translation
adjustments ..................... 179,582 179,130 452 179,582
Change in deferred pension ........... 23,192 23,192 23,192
Amortization of gain on cash flow
hedge .......................... (1,659) (1,659) (1,659)
Comprehensive income, net of tax ..... $ 595,819 $ 595,819
Adoption of FIN 48 ................... 17,652 17,652
Acquisition of treasury stock ............ (210,793) (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 43,927
Issuance of stock under employee stock
purchase plans ..................... 72,456 1 1,515 1,516
Direct stock purchase plans ............. 46 26 72
Amortization of long-term incentive stock
grant ............................. 37,745 37,745
Balance at December 29, 2007 .......... 428,777,625 4,288 1,784,184 495,916 3,783,805 (2,984,349) 15,564 3,099,408
Acquisition of majority-owned
subsidiaries ....................... 5,995 5,995
Purchase of subsidiary shares from
noncontrolling interest ............... (14,295) (14,295)
Comprehensive loss, net of tax:
Net loss .......................... (1,481,003) (1,478,938) (2,065) (1,481,003)
Foreign currency translation
adjustments ..................... (248,591) (248,275) (316) (248,591)
Change in deferred pension ........... (24,128) (24,128) (24,128)
Amortization of gain on cash flow
hedge .......................... (1,659) (1,659) (1,659)
Change in deferred cash flow hedge .... (4,657) (4,657) (4,657)
Comprehensive loss, net of tax ........ $ (1,760,038) $ (1,760,038)
Acquisition of treasury stock ............ (944) (944)
Retirement of treasury stock ............ (149,940,718) (1,499) (626,889) (2,298,597) 2,926,985 —
Grant of long-term incentive stock ....... 2,307,993 23 (23) —
Forfeiture of restricted stock ............ (465,175) (5) 1 (4)
Exercise of stock options (including
income tax benefits and withholding) . . . 109,744 1 (1,222) (1,221)
Issuance of stock under employee stock
purchase plans ..................... 10,666 — (785) (785)
Direct stock purchase plans ............. (228) 361 133
Amortization of long-term incentive stock
grant ............................. 39,584 39,584
Balance at December 27, 2008 .......... 280,800,135 2,808 1,194,622 217,197 6,270 (57,947) 4,883 1,367,833
Purchase of subsidiary shares from
noncontrolling interest ............... (105) (105)
Comprehensive loss, net of tax:
Net loss .......................... (598,724) (596,465) (2,259) (598,724)
Foreign currency translation
adjustments ..................... 25,769 25,461 308 25,769
Change in deferred pension ........... (7,523) (7,523) (7,523)
Amortization of gain on cash flow
hedge .......................... (1,659) (1,659) (1,659)
Change in deferred cash flow hedge .... 4,657 4,657 4,657
Other ............................ 246 246 246
Comprehensive loss, net of tax ........ $ (577,234) $ (577,234)
Preferred stock dividends .............. (30,506) (30,506)
Grant of long-term incentive stock ....... 258,074 3 (3) —
Forfeiture of restricted stock ............ (405,931) (4) — (4)
Share-based payments (including income
tax benefits and withholding) ......... (4,096) (4,096)
Direct stock purchase plans ............. (179) 214 35
Amortization of long-term incentive stock
grant ............................. 33,319 33,319
Balance at December 26, 2009 ......... 280,652,278 $ 2,807 $1,193,157 $ 238,379 $ (590,195) $ (57,733) $ 2,827 $ 789,242
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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