Sonic 2011 Annual Report Download - page 33

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Consolidated Statements of Stockholders’ Equity (Deficit)
Accumulated Other Total
Common Stock Paid-in Retained Comprehensive Treasury Noncontrolling Stockholders’
(In thousands) Shares Amount Capital Earnings Loss Stock Interests Equity
Balance at August 31, 2008 117,045 $ 1,170 $ 209,316 $ 599,956 $ (2,191) $ (872,367) $ 3,097 $ (61,019)
Comprehensive Income:
Net income –– –49,442 ––15,351 64,793
Net change in deferred hedging
losses, net of tax of $428 –– – –691 ––691
Total comprehensive income,
net of income taxes 65,484
Purchases of noncontrolling
interests in Company Drive-Ins –– – – – –(11,753) (11,753)
Proceeds from sale of noncontrolling
interests in Company Drive-Ins –– – – – –5,190 5,190
Changes to noncontrolling interests –– – – – –(9,969) (9,969)
Stock-based compensation expense ––6,910 –– ––6,910
Exercise of stock options 736 8 4,503 –– ––4,511
Purchase of treasury stock –– – – – (713) – (713)
Deferred tax shortfall from
stock-based compensation ––(993) –– ––(993)
Balance at August 31, 2009 117,781 $ 1,178 $ 219,736 $ 649,398 $ (1,500) $ (873,080) $ 1,916 $ (2,352)
Comprehensive Income:
Net income –– –21,209 ––4,630 25,839
Net change in deferred hedging
losses, net of tax of $462 –– – –657 ––657
Total comprehensive income,
net of income taxes 26,496
Purchases of noncontrolling
interests in Company Drive-Ins ––(6,725) –– –(9,277) (16,002)
Proceeds from sale of noncontrolling
interests in Company Drive-Ins ––502 –– –613 1,115
Changes to noncontrolling interests –– – – – –2,340 2,340
Stock-based compensation expense ––7,666 –– ––7,666
Exercise of stock options and
issuance of restricted stock 532 5 3,374 (119) – 221 – 3,481
Purchase of treasury stock –– – – – (78) – (78)
Deferred tax shortfall from
stock-based compensation ––(100) –– ––(100)
Balance at August 31, 2010 118,313 $ 1,183 $ 224,453 $ 670,488 $ (843) $ (872,937) $ 222 $ 22,566
Comprehensive Income:
Net income –– –19,225 ––945 20,170
Net change in deferred hedging
losses, net of tax of $522 –– – –843 ––843
Total comprehensive income,
net of income taxes 21,013
Changes to noncontrolling interests ––1,866 –– –(1,030) 836
Stock-based compensation expense ––5,644 –– ––5,644
Exercise of stock options and
issuance of restricted stock (4) – (2,267) (2,197) – 6,594 – 2,130
Other ––(297) (85) – 26 – (356)
Balance at August 31, 2011 118,309 $ 1,183 $ 229,399 $ 687,431 $–$(866,317) $ 137 $ 51,833
The accompanying notes are an integral part of the consolidated financial statements.
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