Supercuts 2004 Annual Report Download - page 63

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Table of Contents
REGIS CORPORATION
CONSOLIDATED STATEMENTS OF CHANGES
IN SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(Dollars in thousands)
The accompanying notes are an integral part of the Consolidated Financial Statements.
50
Common Stock
Shares
Amount
Balance, June 30, 2001
41,726,787
$
2,087
Net income
Foreign currency translation adjustments
Changes in fair market value of financial instruments designated as hedges of interest rate exposure, net of
taxes and transfers
Stock repurchase plan
(278,700
)
(14
)
Proceeds from exercise of stock options
621,163
31
Shares issued through franchise stock incentive program
8,198
Shares issued in connection with salon acquisitions
962,933
48
Tax benefit realized upon exercise of stock options
Dividends
Balance, June 30, 2002
43,040,381
2,152
Net income
Foreign currency translation adjustments
Changes in fair market value of financial instruments designated as hedges of interest rate exposure, net of
taxes and transfers
Stock repurchase plan
(860,301
)
(43
)
Proceeds from exercise of stock options
724,569
36
Shares issued through franchise stock incentive program
9,346
Shares issued in connection with salon acquisitions
613,249
31
Tax benefit realized upon exercise of stock options
Dividends
Balance, June 30, 2003
43,527,244
2,176
Net income
Foreign currency translation adjustments
Changes in fair market value of financial instruments designated as hedges of interest rate exposure, net of
taxes and transfers
Stock repurchase plan
(544,000
)
(27
)
Proceeds from exercise of stock options
1,135,939
57
Stock option compensation
Shares issued through franchise stock incentive program
9,428
Shares issued in connection with salon acquisitions
155,338
8
Tax benefit realized upon exercise of stock options
Dividends
Balance, June 30, 2004
44,283,949
$
2,214