Sonic 2007 Annual Report Download - page 29

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Accumulated
Other
Common Stock Paid-in Retained Comprehensive Treasury Stock
Shares Amount Capital Earnings Income Shares Amount
(In thousands)
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)
Exercise of common stock options . . . . . . . . . . . . . . . . . . . . . . . . . . 1,235 12 8,524 – – – –
Stock-based compensation expense,
including capitalized compensation of $232 . . . . . . . . . . . . . . . . – – 7,290 – – – –
Tax benefit related to exercise of employee stock options . . . . . . . – – 4,066 – – – –
Purchase of treasury stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . – – – – – 25,572 (580,215)
Net change in deferred hedging losses, net of tax of $1,464 . . . . . – – – – (2,364) – –
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . –– – 64,192 – – –
Balance at August 31, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 116,223 $1,162 $193,682 $ 540,886 $ (2,848) 55,078 $ (839,684)
See accompanying notes.
Pg. 27
Sonic Corp. 2007 Annual Report
Consolidated Statements of Stockholders’ Equity (Deficit)