Office Depot 2011 Annual Report Download - page 120

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 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
Disposition of majority-owned
subsidiaries ..................... 2,523 2,523
Purchase of subsidiary shares from
noncontrolling interest ............ (16,066) (3,623) (19,689)
Comprehensive income, net of tax: ....
Net loss ........................ (46,205) (44,623) (1,582) (46,205)
Foreign currency translation
adjustments ................... (32,224) (32,558) 334 (32,224)
Change in deferred pension ........ 19,942 19,942 19,942
Amortization of gain on cash flow
hedge ....................... (1,659) (1,659) (1,659)
Change in deferred cash flow
hedge ....................... (51) (51) (51)
Other .......................... (246) (246) (246)
Comprehensive loss, net of tax ..... $ (60,443) $ (60,443)
Preferred stock dividends ............ (37,113) (37,113)
Grant of long-term incentive stock .... 223,762 2 (2) —
Forfeiture of restricted stock ......... (236,512) (2) (2)
Exercise of stock options (including
income tax benefits and
withholding) .................... 2,419,708 24 590 614
Amortization of long-term incentive
stock grant ..................... 20,843 20,843
Balance at December 25, 2010 ....... 283,059,236 $ 2,831 $ 1,161,409 $ 223,807 $ (634,818) $ (57,733) $ 479 $ 695,975
Purchase of subsidiary shares from
noncontrolling interest ............ (983) (279) (1,262)
Net earnings .................... 95,691 95,694 (3) 95,691
Foreign currency translation
adjustments ................... (21,816) (21,833)) 17 (21,816)
Change in deferred pension ........ (6,379) (6,379) (6,379)
Amortization of gain on cash flow
hedge ....................... (1,690) (1,690) (1,690)
Change in deferred cash flow
hedge ....................... 617 617 617
Comprehensive income, net of tax . . . $ 66,423 $ 66,423
Preferred stock dividends ............ (35,705) (35,705)
Grant of long-term incentive stock .... 2,641,074 26 26
Forfeiture of restricted stock ......... (342,281) (3) (3)
Exercise of stock options (including
income tax benefits and
withholding) .................... 1,072,538 10 (74) (64)
Amortization of long-term incentive
stock grant ..................... 13,895 13,895
Balance at December 31, 2011 ...... 286,430,567 $ 2,864 $ 1,138,542 $ 194,522 $ (539,124) $ (57,733) $ 214 $ 739,285
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
118