Stamps.com 2010 Annual Report Download - page 59

Download and view the complete annual report

Please find page 59 of the 2010 Stamps.com 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 100

  • 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
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

TABLE OF CONTENTS
STAMPS.COM INC. AND SUBSIDIARY
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands)
Common Stock
Additional
Paid-in
Capital
Treasury
Stock
at Cost
Accumulated
Deficit
Accumulated
Other
Comprehensive
(Loss) Income
Total
Shares
Amount
Balance at December 31, 2007
19,813
$
47
$
622,781
$
(63,737
)
$
(466,555
)
$
(94
)
$
92,442
Comprehensive income:
Net income
—
—
—
—
10,164
—
10,164
Unrealized loss on investments
—
—
—
—
—
(
1,418
)
(1,418
)
Comprehensive income
8,746
Stock-based compensation
expense
—
—
3,344
—
—
—
3,344
Exercise of stock options
45
—
336
—
—
—
336
Shares issued under the ESPP
39
—
349
—
—
—
349
Stock repurchase
(2,655
)
—
— (
26,876
)
—
—
(
26,876
)
Balance at December 31, 2008
17,242
$
47
$
626,810
$
(90,613
)
$
(456,391
)
$
(1,512
)
$
78,341
Comprehensive income:
Net income
—
—
—
—
6,177
—
6,177
Unrealized gain on investments
—
—
—
—
—
1,306
1,306
Comprehensive income
7,483
Stock-based compensation
expense
—
—
3,097
—
—
—
3,097
Exercise of stock options
18
—
115
—
—
—
115
Shares issued under the ESPP
43
—
300
—
—
—
300
Stock repurchase
(1,622
)
—
— (
13,731
)
—
—
(
13,731
)
Balance at December 31, 2009
15,681
$
47
$
630,322
$
(104,344
)
$
(450,214
)
$
(206
)
$
75,605
Comprehensive income:
Net income
—
—
—
—
5,532
—
5,532
Unrealized gain on investments
—
—
—
—
—
629
629
Comprehensive income
6,161
Stock-based compensation
expense
—
—
2,840
—
—
—
2,840
Return of capital
—
—
(
27,023
)
—
—
—
(
27,023
)
Dividend
—
—
—
—
(
1,921
)
—
(
1,921
)
Exercise of stock options
280
—
2,024
—
—
—
2,024
Shares issued under the ESPP
48
—
359
—
—
—
359
Stock repurchase
(1,519
)
—
— (
13,807
)
—
—
(
13,807
)
Balance at December 31, 2010
14,490
$
47
$
608,522
$
(118,151
)
$
(446,603
)
$
423
$
44,238