Papa Johns 2005 Annual Report Download - page 52

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50
Papa John’s International, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
Common Accumulated
Stock Additional Other Total
Shares Common Paid-In Comprehensive Retained Treasury Stockholders’
(In thousands) Outstanding Stock Capital Income (Loss) Earnings Stock Equity
Balance at December 29, 2002 36,082 628 211,793 (5,314) 260,358 (345,518) 121,947
Comprehensive income:
Net income - - - - 33,563 - 33,563
Change in valuation of interest rate
collar and swap agreements, net of
tax of $1,122 - - - 1,831 - - 1,831
Other, net - - - 367 - - 367
Comprehensive income 35,761
Exercise of stock options 556 6 6,613 - - - 6,619
Tax benefit related to exercise of
non-qualified stock options - - 540 - - - 540
Acquisition of Company
common stock (412) - - - - (5,916) (5,916)
Other - - 321 - - - 321
Balance at December 28, 2003 36,226 634 219,267 (3,116) 293,921 (351,434) 159,272
Comprehensive income:
Net income - - - - 23,221 - 23,221
Change in valuation of interest rate
swap agreement, net of
tax of $1,368 - - - 2,233 - - 2,233
Other, net - - - 328 - - 328
Comprehensive income 25,782
Exercise of stock options 1,534 16 18,170 - - - 18,186
Tax benefit related to exercise of
non-qualified stock options - - 2,869 - - - 2,869
Acquisition of Company
common stock (4,300) - - - - (68,911) (68,911)
Other - - 2,025 - - - 2,025
Balance at December 26, 2004 33,460 650 242,331 (555) 317,142 (420,345) 139,223
Comprehensive income:
Net income - - - - 46,056 - 46,056
Change in valuation of interest rate
swap agreement, net of
tax of $376 - - - 598 - - 598
Other, net - - - (333) - - (333)
Comprehensive income 46,321
Issuance of common shares from
treasury stock 55 1 - - - 1,000 1,001
Exercise of stock options 2,832 28 42,067 - - - 42,095
Tax benefit related to exercise of
non-qualified stock options - - 5,629 - - - 5,629
Acquisition of Company
common stock (3,266) - - - - (75,325) (75,325)
Retire treasury stock (348) (131,363) (362,959) 494,670 -
Other - - 2,335 - - - 2,335
Balance at December 25, 2005
33,081
331
$
160,999
$
(290)
$
239
$
-
$
161,279
$
At December 28, 2003, the accumulated other comprehensive loss of $3,116 was comprised of net unrealized loss on the interest rate swap
agreement of $3,198 and net unrealized loss on investments of $19, net of unrealized foreign currency translation gains of $101.
At December 26, 2004, the accumulated other comprehensive loss of $555 was comprised of a net unrealized loss on the interest rate swap
agreement of $965 and a net unrealized loss on investments of $22, partially offset by unrealized foreign currency translation gains of $432.
At December 25, 2005, the accumulated other comprehensive loss of $290 was comprised of a net unrealized loss on the interest rate swap
agreement of $367 and a net unrealized loss on investments of $28, partially offset by unrealized foreign currency translation gains of $105.
See accompanying notes.