Polaris 2010 Annual Report Download - page 58

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POLARIS INDUSTRIES INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’
EQUITY AND COMPREHENSIVE INCOME
(In thousands, except per share data)
Number
of Shares
Common
Stock
Additional
Paid-In Capital
Retained
Earnings
Accumulated Other
Comprehensive
Income (Loss) Total
Balance, December 31, 2007 ................ 34,212 $342 — $146,763 $ 25,877 $ 172,982
Employee stock compensation .............. 305 3 18,555 18,558
Proceeds from stock issuances under employee
plans . . . . ......................... 520 5 12,860 12,865
Tax effect of exercise of stock options. . . . . . . . . 1,730 1,730
Cash dividends declared ($1.52 per share) . . . . . . (49,602) (49,602)
Repurchase and retirement of common shares . . . (2,545) (25) (33,145) (73,997) (107,167)
Comprehensive income:
Net Income ......................... 117,395
Foreign currency translation adjustments, net . . (18,421)
Unrealized loss on available for sale securities,
net ............................. (12,913)
Unrealized gain on derivative instruments, net . . 1,600
Total comprehensive income . .............. 87,661
Balance, December 31, 2008 ................ 32,492 325 — 140,559 (3,857) 137,027
Employee stock compensation .............. 31 0 10,226 10,226
Proceeds from stock issuances under employee
plans . . . . ......................... 236 2 4,731 4,733
Tax effect of exercise of stock options. . . . . . . . . (410) (410)
Cash dividends declared ($1.56 per share) . . . . . . (50,177) (50,177)
Repurchase and retirement of common shares . . . (111) (1) (4,555) (4,556)
Comprehensive income:
Net Income ......................... 101,017
Foreign currency translation adjustments, net of
taxof$69 ........................ 115
Reclassification of unrealized loss on available for
sale securities to the income statement, net of
tax of $2,277 ........................ 6,675
Unrealized loss on available for sale securities,
net of tax benefit of $230 .............. (382)
Unrealized gain on derivative instruments, net
of tax of $165. . . ................... 273
Total comprehensive income . .............. 107,698
Balance, December 31, 2009 ................ 32,648 326 9,992 191,399 2,824 204,541
Employee stock compensation .............. 154 2 18,050 18,052
Proceeds from stock issuances under employee
plans . . . . ......................... 2,033 20 68,085 68,105
Tax effect of exercise of stock options. . . . . . . . . 10,610 10,610
Cash dividends declared ($1.60 per share) . . . . . . (53,043) (53,043)
Repurchase and retirement of common shares . . . (601) (6) (27,480) (27,486)
Comprehensive income:
Net Income ......................... 147,138
Foreign currency translation adjustments, net of
tax of $222........................ 3,131
Unrealized gain on available for sale securities,
net of tax benefit of $230 .............. 382
Unrealized loss on derivative instruments, net
of tax benefit of $256 . . .............. (439)
Total comprehensive income . .............. 150,212
Balance, December 31, 2010 ................ 34,234 $342 $ 79,257 $285,494 $ 5,898 $ 370,991
The accompanying footnotes are an integral part of these consolidated statements.
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