Papa Johns 2002 Annual Report Download - page 43

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42
Papa John’s International, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
Accumulated
Additional Other Total
Common Paid-In Comprehensive Retained Treasury Stockholders’
(Dollars in thousands) Stock Capital Income (Loss ) Earnings S tock Equity
Balance at December 26, 1999 305$ 189,920$ (390)$ 134,492$ (32,194)$ 292,133$
Comprehensive income:
Net income - - - 31,824 - 31,824
Unrealized loss on investments,
net of tax of $84 - - (135) - - (135)
Other, net - - 248 - - 248
Comprehensive income 31,937
Exercise of stock options 2 2,160 - - - 2,162
Tax benefit related to exercise of
non-qualified stock options - 542 - - - 542
Acquisition of treasury stock
(6,356,984 shares ) - - - - (156,230) (156,230)
Common equity put options - - - - (4,630) (4,630)
Other - 407 - - - 407
Balance at December 31, 2000 307 193,029 (277) 166,316 (193,054) 166,321
Comprehensive income:
Net income - - - 47,245 - 47,245
Cumulative effect of accounting change,
net of tax of $646 (see Note 2) - - (1,053) - - (1,053)
Change in valuation of interest rate collar
and swap agreements, net of tax of $811 - - (1,324) - - (1,324)
Other, net - - (280) - - (280)
Comprehensive income 44,588
Exercise of stock options 3 8,407 - - - 8,410
Tax benefit related to exercise of
non-qualified stock options - 580 - - - 580
Acquisition of treasury stock
(1,236,994 shares ) - - - - (29,354) (29,354)
Common equity put options - - - - 5,306 5,306
Other - (219) - - - (219)
Balance at December 30, 2001 310 201,797 (2,934) 213,561 (217,102) 195,632
Comprehensive income:
Net income - - - 46,797 46,797
Change in valuation of interest rate collar
and swap agreements, net of tax of $1,625 - - (2,651) - - (2,651)
Other, net - - 271 - - 271
Comprehensive income 44,417
Exercise of stock options 4 9,128 - - - 9,132
Tax benefit related to exercise of
non-qualified stock options - 1,047 - - - 1,047
Acquisition of treasury stock
(4,504,991 shares ) - - - - (128,416) (128,416)
Other - 135 - - - 135
Balance at December 29, 2002 314$ 212,107$ (5,314)$ 260,358$ (345,518)$ 121,947$
At December 30, 2001, the accumulated other comprehensive loss of $2,934 was comprised of net unrealized loss on the interest rate collar
and swap agreements of $2,377 and unrealized foreign currency translation losses of $557.
At December 29, 2002, the accumulated other comprehensive loss of $5,314 was comprised of net unrealized loss on the interest rate collar
and swap agreements of $5,028 and unrealized foreign currency translation losses of $286.
See accompanying notes.