Pier 1 2011 Annual Report Download - page 45

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Pier 1 Imports, Inc.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in thousands)
Shares Amount Capital Earnings Income (Loss) Stock Equity
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 loss:
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
Reclassification of equity
portion of 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
Comprehensive income:
Net income - - 100,125 - - 100,125
Other comprehensive income
(loss), net of tax as
applicable:
Pension adjustments - - - - (1,926) - (1,926)
Currency translation
adjustments - - - - 1,841 - 1,841
Comprehensive income 100,040
Restricted stock compensation 979 - (11,874) - - 15,676 3,802
Stock option compensation
expense - - 904 - - - 904
Exercise of stock options,
directors deferred, stock
purchase plan and other 918 - (10,456) - - 15,428 4,972
Balance February 26, 2011 117,484 125 243,051 293,813 (784) (123,353) $ 412,852
The accompanying notes are an integral part of these financial statements.
39