Sonic 2006 Annual Report Download - page 36

Download and view the complete annual report

Please find page 36 of the 2006 Sonic 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 60

  • 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

Accumulated
Other
Common Stock Paid-in Retained Comprehensive Treasury Stock
Shares Amount Capital* Earnings* Income Shares Amount
(In thousands)
Balance at August 31, 2003 49,181 $ 492 $ 116,753 $ 269,515 $ – 9,964 $ (119,027)
Exercise of common stock options 592 6 5,608 – – – –
Stock-based compensation expense – – 6,495 – – – –
Tax benefit related to exercise of
employee stock options – – 3,398 – – – –
Purchase of treasury stock – – – – – 148 (3,371)
Three-for-two stock split 24,845 248 (248) – – 4,987 –
Net income – – – 58,031 – – –
Balance at August 31, 2004 74,618 746 132,006 327,546 – 15,099 (122,398)
Exercise of common stock options 1,148 12 10,796 – – – –
Stock-based compensation expense – – 6,757 – – – –
Tax benefit related to exercise of
employee stock options – – 4,595 – – – –
Purchase of treasury stock – – – – – 1,352 (42,586)
Net income – – – 70,443 – – –
Balance at August 31, 2005 75,766 758 154,154 397,989 – 16,451 (164,984)
Exercise of common stock options 1,003 10 7,981 – – – –
Stock-based compensation expense,
including capitalized
compensation of $216 – – 7,404 – – – –
Tax benefit related to exercise of
employee stock options –– 4,645 – – – –
Purchase of treasury stock – – – – – 3,538 (94,485)
Three-for-two stock split 38,219 382 (382) – – 9,517 –
Deferred hedging losses,
net of tax of $300 – – – – (484) – –
Net income – – – 78,705 – – –
Balance at August 31, 2006 114,988 $1,150 $ 173,802 $ 476,694 $ (484) 29,506 $ (259,469)
* Prior years adjusted to include the impact of stock-based compensation expense; see Note 1 for additional information.
See accompanying notes.
Sonic Corp. 2006 Annual Report
34
Consolidated Statements
of Stockholders’ Equity