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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.
69
Accumulated
Additional
Other
Common Stock
Paid
-
In
Comprehensive
Retained
Comprehensive
Shares
Amount
Capital
Income
Earnings
Total
Income
(Dollars in thousands)
Balance, June 30, 2003
43,527,244
$
2,176
$
207,650
$
27,765
$
320,935
$
558,526
Net income
104,218
104,218
$
104,218
Foreign currency translation adjustments
12,695
12,695
12,695
Changes in fair market value of
financial instruments designated as hedges
of interest rate exposure, net of taxes and
transfers
155
155
155
Stock repurchase plan
(544,000
)
(27
)
(22,521
)
(22,548
)
Proceeds from exercise of stock options
1,135,939
57
17,290
17,347
Stock
-
based compensation
198
198
Shares issued through franchise stock
incentive program
9,428
281
281
Shares issued in connection with salon
acquisitions
155,338
8
8,992
9,000
Tax benefit realized upon exercise of
stock options
8,314
8,314
Dividends
(6,166
)
(6,166
)
Balance, June 30, 2004
44,283,949
2,214
220,204
40,615
418,987
682,020
117,068
Net income
64,631
64,631
64,631
Foreign currency translation adjustments
4,758
4,758
4,758
Changes in fair market value of
financial instruments designated as hedges
of interest rate exposure, net of taxes and
transfers
751
751
751
Stock repurchase plan
(608,115
)
(30
)
(23,087
)
(23,117
)
Proceeds from exercise of stock options
1,039,623
52
17,205
17,257
Stock
-
based compensation
1,222
1,222
Shares issued through franchise stock
incentive program
5,618
251
251
Shares issued in connection with salon
acquisitions
75,177
4
4,996
5,000
Tax benefit realized upon exercise of
stock options
9,088
9,088
Issuance of restricted stock
155,750
8
(8
)
—
Dividends
(7,149
)
(7,149
)
Balance, June 30, 2005
44,952,002
2,248
229,871
46,124
476,469
754,712
70,140
Net income
109,578
109,578
109,578
Foreign currency translation adjustments
10,476
10,476
10,476
Changes in fair market value of
financial instruments designated as
cash flow hedges, net of taxes and transfers
1,466
1,466
1,466
Stock repurchase plan
(585,384
)
(29
)
(20,251
)
(20,280
)
Proceeds from exercise of stock options
843,370
43
14,367
14,410
Stock
-
based compensation
4,905
4,905
Shares issued through franchise stock
incentive program
7,971
314
314
Payment for contingent consideration in salon
acquisitions
(3,630
)
(3,630
)
Tax benefit realized upon exercise of
stock options
6,712
6,712
Issuance of restricted stock
85,500
4
(4
)
—
Dividends
(7,256
)
(7,256
)
Balance, June 30, 2006
45,303,459
$
2,266
$
232,284
$
58,066
$
578,791
$
871,407
$
121,520