Papa Johns 2007 Annual Report Download - page 70

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63
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 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
Cumulative effect of adoption
of FIN 48 - - - - 614 - 614
Adjusted balance at
January 1, 2007 30,696 341 187,990 515 64,228 (106,292) 146,782
Comprehensive income:
Net income - - - - 32,735 - 32,735
Change in valuation of interest
rate swap agreements, net of
tax of $744 - - - (1,294) - - (1,294)
Other, net - - - 935 - - 935
Comprehensive income 32,376
Exercise of stock options 765 8 12,211 - - - 12,219
Tax benefit related to exercise of
non-qualified stock options - - 3,325 - - - 3,325
Acquisition of Company
common stock (2,684) - - - - (72,871) (72,871)
Other - - 5,072 - - - 5,072
Balance at December 30, 2007 28,777 349$ 208,598$ 156$ 96,963$ (179,163)$ 126,903$
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 agreement of $7.
At December 30, 2007, the accumulated other comprehensive income of $156 was comprised of unrealized foreign currency translation gains of
$1,450 and a net unrealized gain on investments of $7, offset by a net unrealized loss on the interest rate swap agreements of $1,301.
See accompanying notes.