Pier 1 2010 Annual Report Download - page 46

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Pier 1 Imports, Inc.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in thousands)
Common Stock Cumulative
Other
Comprehensive
Income (Loss)
Treasury
Stock
Total
Shareholders’
Equity
Outstanding
Shares Amount
Paid-in
Capital
Retained
Earnings
Balance March 3, 2007 87,798 $ 101 $ 231,094 $ 337,178 $ 2,408 $ (209,664) $ 361,117
Implementation of accounting
guidance on uncertain tax
positions - - - (5,073) - - (5,073)
Comprehensive income (loss):
Net loss - - - (96,011) - - (96,011)
Other comprehensive income
(loss), net of tax as
applicable:
Pension adjustments - - - - (3,017) - (3,017)
Currency translation
adjustments - - - - 982 - 982
Comprehensive loss (98,046)
Restricted stock compensation 281 - (2,974) - - 4,533 1,559
Stock option compensation
expense - - 4,278 - - - 4,278
Exercise of stock options, stock
purchase plan and other 528 - (4,925) - - 8,834 3,909
Balance March 1, 2008 88,607 101 227,473 236,094 373 (196,297) $ 267,744
Comprehensive loss:
Net loss - - - (129,253) - - (129,253)
Other comprehensive income
(loss), net of tax as
applicable:
Pension adjustments - - - - 2,016 - 2,016
Currency translation
adjustments - - - - (3,584) - (3,584)
Comprehensive loss (130,821)
Restricted stock compensation 245 - (2,298) - - 3,947 1,649
Stock option compensation
expense - - 3,528 - - - 3,528
Exercise of stock options, stock
purchase plan and other 1,022 - (14,699) - - 16,860 2,161
Balance February 28, 2009 89,874 101 214,004 106,841 (1,195) (175,490) $ 144,261
Comprehensive income:
Net income - - - 86,847 - - 86,847
Other comprehensive income
(loss), net of tax as
applicable:
Pension adjustments - - - - 509 - 509
Currency translation
adjustments - - - - (13) - (13)
Comprehensive income 87,343
Restricted stock compensation 300 - (3,038) - - 4,800 1,762
Stock option compensation
expense - - 2,020 - - - 2,020
Stock purchase plan, directors
deferred, and other 960 - (15,900) - - 16,233 333
Adoption of new accounting
guidance on convertible debt - - 2,818 - - - 2,818
Beneficial conversion feature of
9% convertible debt - - 3,343 - - - 3,343
Conversion of 9% notes 24,453 24 61,230 - - - 61,254
Balance February 27, 2010 115,587 125 264,477 193,688 (699) (154,457) $ 303,134
The accompanying notes are an integral part of these financial statements.
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