Polaris 2014 Annual Report Download - page 75

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POLARIS INDUSTRIES INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands, except per share data)
Additional Accumulated Other
Number Common Paid-In Retained Comprehensive
of Shares Stock Capital Earnings Income (loss) Total
Balance, December 31, 2011 ...... 68,430 $684 $165,518 $ 321,831 $ 12,023 $ 500,056
Employee stock compensation ..... 174 2 35,418 — — 35,420
Proceeds from stock issuances under
employee plans .............. 1,692 17 41,679 — — 41,696
Tax effect of exercise of stock
options .................... — — 29,892 — — 29,892
Cash dividends declared ($1.48 per
share) ..................... — — — (101,534) — (101,534)
Repurchase and retirement of
common shares .............. (1,649) (17) (3,992) (123,516) — (127,525)
Net income .................. — — — 312,310 — 312,310
Other comprehensive income ..... — — — — 215 215
Balance, December 31, 2012 ...... 68,647 686 268,515 409,091 12,238 690,530
Employee stock compensation ..... 264 3 57,890 — — 57,893
Deferred compensation .......... — — (4,358) (4,063) — (8,421)
Proceeds from stock issuances under
employee plans .............. 1,049 10 26,912 — — 26,922
Tax effect of exercise of stock
options .................... — — 28,621 — — 28,621
Cash dividends declared ($1.68 per
share) ..................... — — — (113,722) — (113,722)
Repurchase and retirement of
common shares .............. (4,337) (43) (16,964) (513,026) — (530,033)
Net income .................. — — — 377,292 — 377,292
Other comprehensive income ..... — — — — 6,523 6,523
Balance, December 31, 2013 ...... 65,623 656 360,616 155,572 18,761 535,605
Employee stock compensation ..... 254 3 63,180 — — 63,183
Deferred compensation .......... — — (3,020) (2,087) — (5,107)
Proceeds from stock issuances under
employee plans .............. 984 10 31,303 — — 31,313
Tax effect of exercise of stock
options .................... — — 36,966 — — 36,966
Cash dividends declared ($1.92 per
share) ..................... — — — (126,908) — (126,908)
Repurchase and retirement of
common shares .............. (554) (6) (3,040) (78,766) — (81,812)
Net income .................. 454,029 — 454,029
Other comprehensive income (loss) . — — — — (46,002) (46,002)
Balance, December 31, 2014 ...... 66,307 $663 $486,005 $ 401,840 $(27,241) $ 861,267
The accompanying footnotes are an integral part of these consolidated statements.
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