Rayovac 2002 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2002 Rayovac annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 67

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67

26
27
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Rayovac Corporation and Subsidiaries
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Rayovac Corporation and Subsidiaries
Years Ended September 30, 2000, 2001 and 2002 Years Ended September 30, 2000, 2001 and 2002
Accumulated Other Comprehensive Income (Loss)
Unrecognized Notes
Foreign Loss on Derivative Minimum Receivable
Additional Currency Instruments and Pension from Total
Common Stock Paid-In Retained Translation Available for Sale Liability Officers/ Treasury Unearned Shareholders’
(In thousands) Shares Amount Capital Earnings Adjustment Securities Adjustment Total Shareholders Stock Compensation Equity
Balances at September 30, 1999 27,490 $570 $103,577 $ 70,100 $ 2,666 $ — $ (467) $ 2,199 $ (890) $(129,096) $ — $ 46,460
Net income — — — 38,350 — — — — — — — 38,350
Treasury stock acquired (51) — — — — — — — — (886) — (886)
Exercise of stock options 131 1 620 — — — — — — — — 621
Notes receivable from officers/shareholders — — — — — — — — (2,300) — — (2,300)
Adjustment of additional minimum pension liability — — — — — — 415 415 — — — 415
Translation adjustment — — — — (1,964) — — (1,964) — — — (1,964)
Balances at September 30, 2000 27,570 571 104,197 108,450 702 — (52) 650 (3,190) (129,982) — 80,696
Net income — — — 11,534 — — — — — — — 11,534
Sale of common stock 3,500 35 64,144 — — — — — — — — 64,179
Issuance of restricted stock 277 3 4,743 — — — — — — — (4,746) —
Treasury stock acquired (5) — — — — — — — — (88) — (88)
Exercise of stock options 701 7 7,668 — — — — — — — — 7,675
Notes receivable from officers/shareholders — — — — — — — — (475) — — (475)
Amortization of unearned compensation — — — — — — — — — — 1,582 1,582
Adjustment of additional minimum pension liability — — — — — — (3,298) (3,298) — — — (3,298)
Translation adjustment — — — — (1,141) — — (1,141) — — — (1,141)
Cumulative effect of accounting change — — — — — (150) — (150) — — — (150)
Net loss on derivative instruments and available for sale securities — — — — — (2,929) — (2,929) — — — (2,929)
Balances at September 30, 2001 32,043 616 180,752 119,984 (439) (3,079) (3,350) (6,868) (3,665) (130,070) (3,164) 157,585
Net income — — — 29,237 — — — — — — — 29,237
Forfeiture of restricted stock (24) — (413) — — — — — — — 413 —
Issuance of restricted stock 24 — 313 — — — — — — — (313) —
Exercise of stock options 15 — 171 — — — — — — — — 171
Notes receivable from officers/shareholders — — — — — — — — (540) — — (540)
Amortization of unearned compensation — — — — — — — — — — 1,331 1,331
Adjustment of additional minimum pension liability — — — — — — (3,639) (3,639) — — — (3,639)
Translation adjustment — — — — (7,875) — — (7,875) — — — (7,875)
Net loss on derivative instruments and available for sale securities — — — — — (1,477) — (1,477) — — — (1,477)
Balances at September 30, 2002 32,058 $616 $180,823 $149,221 $(8,314) $(4,556) $(6,989) $(19,859) $(4,205) $(130,070) $(1,733) $174,793
See accompanying notes to consolidated financial statements.