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54
PLANTRONICS, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
(in thousands)
Accumulated
Other Total
Additional Deferred Com
p
re- Stock-
Paid-In Stock-Based hensive Retained Treasur
y
holders'
Shares Amount Capital Com
p
ensation Income(Loss) Earnings Stock Equity
Balances at March 31, 2005 48,430 $ 651 $ 293,735 $ (2,220) $ 1,583 $ 437,867 $ (325,897) $ 405,719
Net income - - - - - 81,150 - 81,150
Foreign currency
translation adjustments - - - - (1,132) - - (1,132)
Unrealized gain on hedges, net of tax - - - - 3,183 - - 3,183
Comprehensive income 83,201
Exercise of stock options 884 8 16,905 - - - - 16,913
Issuance of restricted common stock 276 3 7,540 (7,540) - - - 3
Cash dividends declared - - - - - (9,455) - (9,455)
Stock-based compensation - - - 1,161 - - - 1,161
Income tax benefit associated
with stock options - - 4,141 - - - - 4,141
Purchase of treasury stock (2,198) - - - - - (70,395) (70,395)
Sale of treasury stock 146 - 3,443 - - - 890 4,333
Balances at March 31, 2006 47,538 662 325,764 (8,599) 3,634 509,562 (395,402) 435,621
Net income - - - - - 50,143 - 50,143
Foreign currency
translation adjustments - - - - 2,006 - - 2,006
Unrealized loss on hedges, net of tax - - - - (2,974) - - (2,974)
Comprehensive income 49,175
Exercise of stock options 331 3 3,262 - - - - 3,265
Issuance of restricted common stock 79 1 - - - - - 1
Repurchase of restricted common stock (39) - - - - - - -
Cash dividends declared - - - - - (9,540) - (9,540)
Reclassification of unamortized
stock-based compensation
upon adoption of SFAS 123(R) - - (8,599) 8,599 - - - -
Stock-based compensation - - 16,919 - - - - 16,919
Income tax benefit associated
with stock options - - 501 - - - - 501
Purchase of treasury stock (175) - - - - - (4,021) (4,021)
Sale of treasury stock 331 - 2,814 - - - 2,072 4,886
Balances at March 31, 2007 48,065 666 340,661 - 2,666 550,165 (397,351) 496,807
Net income - - - - - 68,395 - 68,395
Foreign currency
translation adjustments - - - - 1,053 - - 1,053
Unrealized loss on hedges, net of tax - - - - (4,436) - - (4,436)
Unrealized loss on long-term investments, net of tax (2,864) (2,864)
Comprehensive income 62,148
Exercise of stock options 576 6 9,755 - - - - 9,761
Issuance of restricted common stock 113 1 - - - - - 1
Repurchase of restricted common stock (35) - - - - - - -
Cash dividends declared - - - - - (9,711) - (9,711)
Stock-based compensation - - 15,992 - - - - 15,992
Income tax benefit associated
with stock options - - (182) - - - - (182)
Purchase of treasury stock (82) - - - - - (1,542) (1,542)
Sale of treasury stock 307 - 3,429 - - - 1,917 5,346
Balances at March 31, 2008 48,944 $ 673 $ 369,655 $ - $ (3,581) $ 608,849 $ (396,976) $ 578,620
Common Stock
The accompanying notes are an integral part of these consolidated financial statements.