Papa Johns 2006 Annual Report Download - page 60

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57
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 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
Comprehensive income:
Net income - - - - 63,375 - 63,375
Change in valuation of interest
rate swap agreement, net of
tax of $212 - - - 360 - - 360
Other, net - - - 445 - - 445
Comprehensive income 64,180
Exercise of stock options 1,020 10 15,204 - - - 15,214
Tax benefit related to exercise of
non-qualified stock options - - 7,216 - - - 7,216
Acquisition of Company
common stock (3,405) - - - - (106,292) (106,292)
Other - - 4,571 - - - 4,571
Balance at December 31, 2006
30,696
341
$
187,990
$
515
$
63,614
$
(106,292)
$
146,168
$
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.
At December 31, 2006, the accumulated other comprehensive income of $515 was comprised of unrealized foreign currency translation gains
of $1,100 and a net unrealized gain on investments of $6, partially offset by a $584 pension plan liability for PJUK and a net unrealized loss
on the interest rate swap of $7.
See accompanying notes.