Papa Johns 2011 Annual Report Download - page 62

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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 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 equity awards - - (342) - - - - (342)
Acquisition of Company common stock (1,319) - - - - (28,477) - (28,477)
Net contributions (distributions) -
noncontrolling interests - - - - - - (3,840) (3,840)
Stock-based compensation expense - - 5,817 - - - - 5,817
Other - - (132) - - - - (132)
Balance at December 27, 2009 26,930 358 231,720 (1,084) 191,212 (245,337) 8,168 185,037
Comprehensive income:
Net income - - - - 51,940 - 3,485 55,425
Change in valuation of interest rate
swap agreements, net of tax of $1,352 - - - 2,404 - - - 2,404
Foreign currency translation - - - (523) - - - (523)
Other - - - 52 - - - 52
Comprehensive income 57,358
Exercise of stock options 356 3 6,122 - - 285 - 6,410
Tax effect of equity awards - - 62 - - - - 62
Acquisition of Company common stock (1,881) - - - - (46,936) - (46,936)
Net contributions (distributions) -
noncontrolling interests - - - - - - (3,147) (3,147)
Stock-based compensation expense - - 6,066 - - - - 6,066
Issuance of restricted stock 34 - (881) - - 881 - -
Other - - 2,291 - - 59 - 2,350
Balance at December 26, 2010 25,439 361 245,380 849 243,152 (291,048) 8,506 207,200
Comprehensive income:
Net income - - - - 55,655 - 3,732 59,387
Change in valuation of interest rate
swap agreements, net of tax of $93 - - - 165 - - - 165
Foreign currency translation - - - 864 - - - 864
Other - - - (29) - - - (29)
Comprehensive income 60,387
Exercise of stock options 572 6 14,036 - - - - 14,042
Tax effect of equity awards - - (1,400) - - - - (1,400)
Acquisition of Company common stock (2,084) - - - - (65,323) - (65,323)
Net contributions (distributions) -
noncontrolling interests - - - - - - (3,669) (3,669)
Stock-based compensation expense - - 6,704 - - - - 6,704
Issuance of restricted stock 92 - (2,253) - - 2,253 - -
Other - - (11) - - 292 - 281
Balance at December 25, 2011
24,019
367
$
262,456
$
1,849
$
298,807
$
(353,826)
$
8,569
$
218,222
$
Papa John's International, Inc.
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, offset by unrealized foreign currency translation gains of $1,531.
At December 26, 2010, the accumulated other comprehensive income of $849 was comprised of unrealized foreign currency translation
gains of $1,008, offset by a net unrealized loss on the interest rate swap agreements of $159.
At December 25, 2011, the accumulated other comprehensive income of $1,849 was comprised of unrealized foreign currency
translation gains of $1,872, a net unrealized gain on the interest rate swap agreement of $6, offset by a $29 pension plan liability.
See accompanying notes.
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