Pier 1 2012 Annual Report Download - page 44

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Pier 1 Imports, Inc.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in thousands)
Cumulative
Common Stock Other Total
Outstanding Paid-in Retained Comprehensive Treasury Shareholders’
Shares Amount Capital Earnings Income (Loss) Stock Equity
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
Stock-based compensation
expense 300 - (1,018) - - 4,800 3,782
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 convertible debt - - 3,343 - - - 3,343
Conversion of convertible
debt 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
Stock-based compensation
expense 979 - (10,970) - - 15,676 4,706
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
Comprehensive income:
Net income - - 168,938 - - 168,938
Other comprehensive
income (loss), net of tax
as applicable:
Pension adjustments - - - - (1,639) - (1,639)
Currency translation
adjustments - - - - (2,050) - (2,050)
Comprehensive income 165,249
Purchases of treasury stock (9,499) - - - - (100,000) (100,000)
Stock-based compensation
expense 820 - (6,859) - - 13,058 6,199
Exercise of stock options,
stock purchase plan, and
other 915 - (4,273) - - 13,616 9,343
Balance February 25, 2012 109,720 125 231,919 462,751 (4,473) (196,679) 493,643
The accompanying notes are an integral part of these financial statements.
36