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STAMPS.COM INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands)
The accompanying notes are an integral part of these consolidated financial statements.
F-5
Table of Contents
Common Stock
Shares
Amount
Additional
Paid-in
Capital
Treasury
Stock at
Cost
Accumulated
Deficit
Accumulated
Other
Comprehensive
(Loss) Income
Total
Balance at December 31, 2011
16,163
$
49
$
637,483
$
(123,472
)
$
(420,338
)
$
285
$
94,007
Net income
—
—
—
—
38,557
—
38,557
Unrealized loss on investments
—
—
—
—
—
(
34
)
(34
)
Stock
-
based compensation expense
—
—
3,991
—
—
—
3,991
Exercise of stock options
560
7,305
—
—
—
7,306
Shares issued under the ESPP
56
—
915
—
—
—
915
Stock repurchase
(1,460
)
—
—
(
31,788
)
—
—
(
31,788
)
Balance at December 31, 2012
15,319
$
50
$
649,694
$
(155,260
)
$
(381,781
)
$
251
$
112,954
Net income
—
—
—
—
44,153
—
44,153
Unrealized loss on investments
—
—
—
—
—
(
111
)
(111
)
Stock
-
based compensation expense
—
—
4,492
—
—
—
4,492
Exercise of stock options
991
13,424
—
—
—
13,425
Shares issued under the ESPP
56
—
1,114
—
—
—
1,114
Stock repurchase
(179
)
—
—
(
4,262
)
—
—
(
4,262
)
Balance at December 31, 2013
16,187
$
51
$
668,724
$
(159,522
)
$
(337,628
)
$
140
$
171,765
Net income
—
—
—
—
36,882
—
36,882
Unrealized loss on investments
—
—
—
—
—
(
79
)
(79
)
Stock
-
based compensation expense
—
—
4,799
—
—
—
4,799
Exercise of stock options
203
—
3,314
—
—
—
3,314
Shares issued under the ESPP
42
—
1,238
—
—
—
1,238
Stock repurchase
(435
)
—
—
(
12,888
)
—
—
(
12,888
)
Balance at December 31, 2014
15,997
$
51
$
678,075
$
(172,410
)
$
(300,746
)
$
61
$
205,031