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Consolidate Satement  Sockholder’ Defic
17
Sonic Corp. 2008 Annual Report
Accumulated
Other
Common Stock Paid-in Retained Comprehensive Treasury Stock
Shares Amount Capital Earnings Income Shares Amount
(In thousands)
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)
Exercise of common stock options 822 8 6,285 –– – –
Stock-based compensation expense ––7,428 –– – –
Tax benefit related to exercise of
employee stock options ––1,921 –– – –
Purchase of treasury stock –– – ––1,522 (32,683)
Net change in deferred hedging
losses, net of tax of $407 –– – –657 ––
Retained earnings adjustment
for adoption of FIN 48 –– –(1,249) –– –
Net income –– –60,319 –– –
Balance at August 31, 2008 117,045 $ 1,170 $ 209,316 $ 599,956 $(2,191) 56,600 $ (872,367)
See accompanying notes.