Plantronics 2006 Annual Report Download - page 81
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PLANTRONICS, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Accumulated
Other Total
Additional Deferred Compre- Stock-
($ in thousands, Paid-In Stock-Based hensive Retained Treasury holders’Common Stock
except per share amounts) Shares Amount Capital Compensation Income(Loss) Earnings Stock Equity
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) — — — —
Divdends 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 48,429,457 651 293,735 (2,220) 1,583 437,867 (325,897) 405,719
Net income — — — — — 81,150 — 81,150
Foreign currency translation
adjustments — — — — (1,108) — — (1,108)
Unrealized loss on marketable
securities — — — — (24) — — (24)
Unrealized gain on hedges — — — — 3,183 — — 3,183
Comprehensive income 83,201
Exercise of stock options 883,504 11 16,905 — — — — 16,916
Issuance of restricted common
stock 276,250 — 7,540 (7,540) — — — —
Dividends paid — — — — — (9,455) — (9,455)
Amortization of stock-based
compensation — — — 1,161 — — — 1,161
Income tax benefit associated
with stock options — — 4,141 — — — — 4,141
Purchase of treasury stock (2,197,500) — — — — (70,395) (70,395)
Sale of treasury stock 146,059 — 3,443 — — — 890 4,333
Balance at March 31, 2006 47,537,770 $662 $325,764 $(8,599) $ 3,634 $509,562 $(395,402) $435,621
AR 2006 ⯗75