Papa Johns 2009 Annual Report Download - page 73

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66
Papa John’s International, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity
Common
Accumulated
Stock
Additional
Other
Noncontrolling
Total
Shares
Common
Paid-In
Comprehensive
Retained
Treasury
Interests in
Stockholders’
(In thousands)
Outstanding
Stock
Capital
Income (Loss)
Earnings
Stock
Subsidiaries
Equity
Balance at December 31, 2006
30,696
341
$
187,990
$
515
$
63,614
$
(106,292)
$
6,227
$
152,395
$
Cumulative effect of adoption
of income tax guidance
-
-
-
-
614
-
-
614
Adjusted balance at
January 1, 2007
30,696
341
187,990
515
64,228
(106,292)
6,227
153,009
Comprehensive income:
Net income
-
-
-
-
32,735
-
1,025
33,760
Change in valuation of interest
rate swap agreements, net of
tax of ($744)
-
-
-
(1,294)
-
-
-
(1,294)
Foreign currency translation
-
-
-
935
-
-
-
935
Comprehensive income
33,401
Exercise of stock options
765
8
12,211
-
-
-
-
12,219
Tax effect of non-qualified
stock options
-
-
3,325
-
-
-
-
3,325
Acquisition of Company
common stock
(2,684)
-
-
-
-
(72,871)
-
(72,871)
Net contributions (distributions) -
noncontrolling interests
-
-
-
-
-
-
783
783
Other
-
-
5,072
-
-
-
-
5,072
Balance at December 30, 2007
28,777
349
208,598
156
96,963
(179,163)
8,035
134,938
Comprehensive income:
Net income
-
-
-
-
36,796
-
2,022
38,818
Change in valuation of interest
rate swap agreements, net of
tax of ($1,474)
-
-
-
(2,650)
-
-
-
(2,650)
Foreign currency translation
-
-
-
(1,230)
-
-
-
(1,230)
Other
-
-
-
(94)
-
-
-
(94)
Comprehensive income
34,844
Exercise of stock options
260
3
4,620
-
-
-
-
4,623
Tax effect of non-qualified
stock options
-
-
771
-
-
-
-
771
Acquisition of Company
common stock
(1,400)
-
-
-
-
(37,697)
-
(37,697)
Net contributions (distributions) -
noncontrolling interests
-
-
-
-
-
-
(1,805)
(1,805)
Other
-
-
2,564
-
-
-
-
2,564
Balance at December 28, 2008
27,637
352
216,553
(3,818)
133,759
(216,860)
8,252
138,238
Comprehensive income:
Net income
-
-
-
-
57,453
-
3,756
61,209
Change in valuation of interest
rate swap agreements, net of
tax of $781
-
-
-
1,388
-
-
-
1,388
Foreign currency translation
-
-
-
1,310
-
-
-
1,310
Other
-
-
-
36
-
-
-
36
Comprehensive income
63,943
Exercise of stock options
612
6
9,824
-
-
-
-
9,830
Tax effect of non-qualified
stock options
-
-
(342)
-
-
-
-
(342)
Acquisition of Company
common stock
(1,319)
-
-
-
-
(28,477)
-
(28,477)
Net contributions (distributions) -
noncontrolling interests
-
-
-
-
-
-
(3,840)
(3,840)
Other
-
-
5,685
-
-
-
-
5,685
Balance at December 27, 2009 26,930 358$ 231,720$ (1,084)$ 191,212$ (245,337)$ 8,168$ 185,037$
Papa John's International, Inc.
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.
At December 28, 2008, the accumulated other comprehensive loss of $3,818 was comprised of a net unrealized loss on the interest rate swap
agreements of $3,950 and an $88 pension plan liability for PJUK, offset by unrealized foreign currency translation gains of $220.
At December 27, 2009, the accumulated other comprehensive loss of $1,084 was comprised of a net unrealized loss on the interest rate swap
agreements of $2,563 and a $52 pension plan liability for PJUK, offset by unrealized foreign currency translation gains of $1,531.
See accompanying notes.