Rayovac 2003 Annual Report Download - page 35

Download and view the complete annual report

Please find page 35 of the 2003 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 70

  • 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
  • 68
  • 69
  • 70

Years Ended September 30, 2001, 2002 and 2003
Notes
Receivable
Additional Other from Total
Common Stock Paid-In Retained Comprehensive Officers/ Treasury Unearned Shareholders’
(In thousands)
Shares Amount Capital Earnings Income (Loss) Shareholders Stock Compensation Equity
Balances at September 30, 2000 27,570 $571 $104,197 $108,450 $ 650 $ (3,190) $(129,982) $ — $ 80,696
Net income —— —11,534 ————11,534
Adjustment of additional minimum
pension liability —— — — (3,298) ———(3,298)
Translation adjustment —— — — (1,141) ———(1,141)
Cumulative effect of accounting change —— — — (150) ——— (150)
Net loss on derivative instruments and
available for sale securities —— — — (2,929) ———(2,929)
Comprehensive income 4,016
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
Balances at September 30, 2001 32,043 616 180,752 119,984 (6,868) (3,665) (130,070) (3,164) 157,585
Net income —— —29,237 ————29,237
Adjustment of additional minimum
pension liability —— — — (3,639) ———(3,639)
Translation adjustment —— — — (7,875) ———(7,875)
Net loss on derivative instruments and
available for sale securities —— — — (1,477) ———(1,477)
Comprehensive income 16,246
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
Balances at September 30, 2002 32,058 616 180,823 149,221 (19,859) (4,205) (130,070) (1,733) 174,793
Net income —— —15,482 ————15,482
Adjustment of additional minimum
pension liability —— — — (690) ——— (690)
Translation adjustment —— — — 7,753 ——— 7,753
Net gain on derivative instruments and
available for sale securities —— — — 339 ——— 339
Comprehensive income 22,884
Issuance of restricted stock 393 4 4,786 —— — —(4,790) —
Forfeiture of restricted stock (28) — (347) —— — —347 —
Exercise of stock options 40 — 299 —— — —— 299
Note payments from officers/shareholders —— — — — 600 —— 600
Amortization of unearned compensation —— — — — — — 3,426 3,426
Balances at September 30, 2003 32,463 $620 $185,561 $164,703 $(12,457) $(3,605) $(130,070) $(2,750) $202,002
See accompanying notes to consolidated financial statements.
Consolidated Statements of Shareholders’ Equity
Rayovac Corporation and Subsidiaries