Popeye's 2014 Annual Report Download - page 64

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46
Popeyes Louisiana Kitchen, Inc.
Consolidated Statements of Changes in Shareholders’ Equity
For Fiscal Years 2014, 2013, and 2012
(Dollars in millions)
Common Stock Capital in
Excess of
Par Value
Retained
Earnings
(Deficit)
Accumulated
Other
Comprehensive
Loss Total
Number of
Shares Amount
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
Net income — — — 38.0 — 38.0
Other comprehensive income, net of tax — — — — 0.5 0.5
Repurchases and retirement of shares (891,931) — (40.0) — — (40.0)
Excess tax benefit from stock-based compensation — — 2.6 — — 2.6
Issuance of common stock under stock option plans 240,563 — 2.4 — — 2.4
Issuance of restricted stock awards, net of
forfeitures 10,936 — (1.8) — — (1.8)
Stock-based compensation expense — — 5.3 — — 5.3
Balance at December 28, 2014 23,143,609 $ 0.2 $ 46.4 $ 19.3 $ (0.1) $ 65.8
The accompanying notes are an integral part of these consolidated financial statements.