Supercuts 2002 Annual Report Download - page 153

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Regis Corporation
Consolidated Statements of Changes in Shareholders' Equity and Comprehensive Income
The accompanying notes are an integral part of the Consolidated Financial Statements.
28
Accumulated
Common Stock Additional Other
--------------------- Paid-In Comprehensive Retained Comprehensive
(Dollars in thousands) Shares Amount Capital Income (Loss) Earnings Total Income
-------------------------------------------------------------------------------------------------------------------------------
Balance, June 30, 1999 ................... 40,419,122 $2,021 $ 148,504 $(1,095) $ 84,789 $ 234,219
Net income ............................... 49,654 49,654 $ 49,654
Foreign currency translation adjustments.. (1,179) (1,179) (1,179)
Pooling of interests adjustment .......... (665) (665)
Stock repurchase plan .................... (115,000) (6) (1,419) (1,425)
Proceeds from exercise of stock options .. 329,000 16 1,478 1,494
Shares issued in connection with
salon acquisitions ..................... 69,585 4 1,584 1,588
Tax benefit realized upon exercise of
stock options .......................... 646 646
Dividends ................................ (5,191) (5,191)
------------------------------------------------------------------------------------------------------------------------------
Balance, June 30, 2000 ................... 40,702,707 2,035 150,793 (2,274) 128,587 279,141 $ 48,475
========
Net income ............................... 53,088 53,088 53,088
Foreign currency translation adjustments.. (921) (921) (921)
Transition adjustment relating to the
adoption of FAS No. 133, net of taxes .. (160) (160) (160)
Changes in fair market value of
financial instruments designated as
hedges of interest rate exposure, net
of taxes and transfers ................. (1,460) (1,460) (1,460)
Proceeds from exercise of stock options .. 298,362 16 1,971 1,987
Shares issued through franchise stock
incentive program ...................... 10,662 149 149
Shares issued in connection with
salon acquisitions ..................... 715,056 36 11,860 11,896
Tax benefit realized upon exercise of
stock options .......................... 716 716
Dividends ................................ (4,935) (4,935)
------------------------------------------------------------------------------------------------------------------------------
Balance, June 30, 2001 ................... 41,726,787 2,087 165,489 (4,815) 176,740 339,501 $ 50,547
========
Net income ............................... 72,054 72,054 72,054
Foreign currency translation adjustments.. 9,460 9,460 9,460
Changes in fair market value of financial
instruments designated as hedges of
interest rate exposure, net of taxes
and transfers .......................... (707) (707) (707)
Stock repurchase plan .................... (278,700) (14) (7,729) (7,743)
Proceeds from exercise of stock options .. 621,163 31 7,719 7,750
Shares issued through franchise stock
incentive program ...................... 8,198 173 173
Shares issued in connection with
salon acquisitions ..................... 962,933 48 26,253 26,301
Tax benefit realized upon exercise
of stock options ....................... 2,954 2,954
Dividends ................................ (5,078) (5,078)
------------------------------------------------------------------------------------------------------------------------------
Balance, June 30, 2002 ................... 43,040,381 $2,152 $ 194,859 $ 3,938 $243,716 $ 444,665 $ 80,807
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