Plantronics 2005 Annual Report Download - page 80
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CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Accumulated
Other Total
Deferred Additional Compre- Stock-
Stock Based Paid-In hensive Retained Treasury holders’Common Stock
In thousands, except share amounts Shares Amount Compensation Capital Income(Loss) Earnings Stock Equity
Balance at March 31, 2002 45,858,576 $592 $ — $152,194 $(1,203) $243,874 $(253,464) $141,993
Net income — — — — — 41,476 — 41,476
Foreign currency translation
adjustments — — — — 1,412 — — 1,412
Comprehensive income 42,888
Exercise of stock options 502,147 5 — 2,236 — — — 2,241
Income tax benefit associated
with stock options — — — 2,389 — — — 2,389
Purchase of treasury stock (2,874,800) — — — — — (44,826) (44,826)
Sale of treasury stock 152,700 — — 1,341 — — 904 2,245
Balance at March 31, 2003 43,638,623 597 — 158,160 209 285,350 (297,386) 146,930
Net income — — — — — 62,279 — 62,279
Foreign currency translation
adjustments — — — — 2,409 — — 2,409
Unrealized loss on hedges — — — — (1,937) (1,937)
Comprehensive income 62,751
Exercise of stock options 3,907,112 39 — 63,861 — — — 63,900
Income tax benefit associated
with stock options — — — 24,263 — — — 24,263
Purchase of treasury stock (122,800) — — — — — (1,833) (1,833)
Sale of treasury stock 183,174 — — 2,211 — — 1,081 3,292
Balance at March 31, 2004 47,606,109 636 — 248,495 681 347,629 (298,138) 299,303
Net income — — — — — 97,520 — 97,520
Foreign currency translation
adjustments — — — — 604 — — 604
Unrealized loss on marketable
securities — — — — (24) — — (24)
Unrealized gain on hedges — — — — 322 — — 322
Comprehensive income 98,422
Exercise of stock options 1,430,712 15 — 27,725 — — — 27,740
Issuance of restricted common
stock 43,984 — (2,414) 2,414 — — — —
Dividends paid — — — — — (7,282) — (7,282)
Amortization of stock based
compensation — — 194 — — — — 194
Income tax benefit associated
with stock options — — — 11,861 — — — 11,861
Purchase of treasury stock (770,100) — — — — — (28,466) (28,466)
Sale of treasury stock 118,752 — — 3,240 — — 707 3,947
Balance at March 31, 2005 48,429,457 $651 $(2,220) $293,735 $ 1,583 $437,867 $(325,897) $405,719
The accompanying notes are an integral part of these consolidated financial statements.
52 ⯗Plantronics