Pier 1 2007 Annual Report Download - page 41

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Pier 1 Imports, Inc.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands except per share amounts)
Outstanding
Shares Amount
Paid-in
Capital
Retained
Earnings
Cumulative
Other
Comprehensive
Income (Loss)
Treasury
Stock
Unearned
Compensation
Total
Shareholders’
Equity
Common Stock
Balance February 28, 2004 . . . . . 88,227 $100,779 $145,384 $ 630,997 $ 1,667 $(195,196) $ — $ 683,631
Comprehensive income:
Net income . . ............ — — — 60,457 — — — 60,457
Other comprehensive income
(loss), net of tax
Minimum pension liability
adjustments . . . ....... — — — — (4,780) — — (4,780)
Currency translation
adjustments . . . ....... — — — — 1,687 — — 1,687
Comprehensive income ....... 57,364
Purchases of treasury stock . . . . . (3,225) — — — — (58,210) — (58,210)
Exercise of stock options, stock
purchase plan and other . . . . . . 1,238 — (3,534) — — 19,880 — 16,346
Cash dividends ($.40 per share) . . — — — (34,762) — — — (34,762)
Balance February 26, 2005 . . . . . 86,240 100,779 141,850 656,692 (1,426) (233,526) — 664,369
Comprehensive income (loss):
Net loss ................ — — — (39,804) — — — (39,804)
Other comprehensive income
(loss), net of tax:
Minimum pension liability
adjustments . . . ....... — — — — 1,149 — — 1,149
Currency translation
adjustments . . . ....... — — — — (306) — — (306)
Comprehensive loss . . . ....... (38,961)
Purchases of treasury stock . . . . . (250) — — — — (4,047) — (4,047)
Restricted stock grant and
amortization . ............ 203 — (386) — — 3,278 (2,256) 636
Exercise of stock options, stock
purchase plan and other . . . . . . 746 — (3,640) — — 12,041 — 8,401
Cash dividends ($.40 per share) . . — — — (34,667) — — — (34,667)
Purchase of call option, net of
tax ................... — — (5,749) — — — — (5,749)
Balance February 25, 2006 . . . . . 86,939 100,779 132,075 582,221 (583) (222,254) (2,256) 589,982
Comprehensive income (loss):
Net loss ................ — — — (227,645) — — — (227,645)
Other comprehensive income
(loss), net of tax as
applicable:
Minimum pension liability
adjustments . . . ....... — — — — 7,172 — — 7,172
Currency translation
adjustments . . . ....... — — — — (2,550) — — (2,550)
Comprehensive loss . . . ....... (223,023)
Adjustment to initially apply
SFASNo.158............ — — — — (1,631) — — (1,631)
Restricted stock compensation . . . 185 — (4,280) — — 2,994 2,256 970
Stock option compensation
expense ................ — — 4,494 — — — — 4,494
Exercise of stock options, stock
purchase plan and other . . . . . . 674 — (1,873) — — 9,596 — 7,723
Cash dividends ($.20 per share) . . — — — (17,398) — — — (17,398)
Balance March 3, 2007 ....... 87,798 $100,779 $130,416 $ 337,178 $ 2,408 $(209,664) $ — $ 361,117
The accompanying notes are an integral part of these financial statements.
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