Supercuts 2007 Annual Report Download - page 73

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REGIS CORPORATION
CONSOLIDATED STATEMENT OF CHANGES
IN SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(Dollars in thousands)
The accompanying notes are an integral part of the Consolidated Financial Statements.
72
Common Stock
Additional
Paid
-
In
Accumulated
Other
Comprehensive
Retained
Comprehensive
Shares
Amount
Capital
Income
Earnings
Total
Income
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 cash flow hedges, 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
Net income
83,170
83,170
83,170
Foreign currency translation adjustments
20,873
20,873
20,873
Changes in fair market value of financial
instruments designated as cash flow hedges,
net of taxes and transfers
(1,220
)
(1,220
)
(1,220
)
Stock repurchase plan
(2,092,200
)
(104
)
(79,606
)
(79,710
)
Proceeds from exercise of stock options
829,524
41
14,269
14,310
Stock
-
based compensation
4,911
4,911
Shares issued through franchise stock incentive program
6,548
—
233
233
Tax benefit realized upon exercise of stock
options
6,531
6,531
Cumulative effect adjustment for adoption of
SFAS No. 158
559
559
Taxes related to restricted stock
(587
)
(587
)
Issuance of restricted stock
117,314
6
(6
)
—
Dividends
(7,169
)
(7,169
)
Balance, June 30, 2007
44,164,645
$
2,209
$
178,029
$
78,278
$
654,792
$
913,308
$
102,823