Popeye's 2013 Annual Report Download - page 65

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49
Popeyes Louisiana Kitchen, Inc.
Consolidated Statements of Changes in Shareholders’ Equity
For Fiscal Years 2013,2012, and 2011
(Dollars in millions)
Common Stock Capital
in Excess
of Par
Value
Accumulated
Deficit
Accumulated
Other
Comprehensive
(Loss) Total
Number of
Shares Amount
Balance at December 26, 2010 . . . . . . . . . . . . . . 25,685,705 $0.3 $116.4 $(107.4) $ (0.1) $ 9.2
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 24.2 —24.2
Other comprehensive income, net of tax . . . . . . . . — — — — (0.7)(0.7)
Repurchases and retirement of shares . . . . . . . . . . (1,465,436)(0.1)(22.2) — — (22.3)
Excess tax benefit from stock-based
compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 0.1 — — 0.1
Issuance of common stock under stock option
plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59,407 —0.6 — — 0.6
Issuance of restricted stock awards, net of
forfeitures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 103,598 —(0.2) — — (0.2)
Stock-based compensation expense. . . . . . . . . . . . — — 2.9 — — 2.9
Balance at December 25, 2011. . . . . . . . . . . . . . . 24,383,274 $0.2 $97.6 $(83.2) $ (0.8) $ 13.8
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 30.4 —30.4
Other comprehensive income, net of tax . . . . . . . . — — — — — —
Repurchases and retirement of shares . . . . . . . . . . (741,228) — (15.2) — — (15.2)
Excess tax benefit from stock-based
compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 0.4 — — 0.4
Issuance of common stock under stock option
plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108,935 —1.3 — — 1.3
Issuance of restricted stock awards, net of
forfeitures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 156,447 —(1.4) — — (1.4)
Stock-based compensation expense. . . . . . . . . . . . — — 4.9 — — 4.9
Balance at December 30, 2012 . . . . . . . . . . . . . . 23,907,428 $0.2 $87.6 $(52.8) $ (0.8) $ 34.2
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 34.1 —34.1
Other comprehensive income, net of tax . . . . . . . . — — — — 0.2 0.2
Repurchases and retirement of shares . . . . . . . . . . (504,295) — (19.9) — — (19.9)
Excess tax benefit from stock-based
compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 3.4 — — 3.4
Issuance of common stock under stock option
plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 322,804 —3.6 — — 3.6
Issuance of restricted stock awards, net of
forfeitures. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58,104 —(2.2) — — (2.2)
Stock-based compensation expense. . . . . . . . . . . . — — 5.4 — — 5.4
Balance at December 29, 2013 . . . . . . . . . . . . . . 23,784,041 $0.2 $77.9 $(18.7) $ (0.6) $ 58.8
The accompanying notes are an integral part of these consolidated financial statements.