Supercuts 2008 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.
71
Common Stock
Accumulated
Other
Comprehensive
Income
Additional
Paid-In
Capital
Retained
Earnings
Comprehensive
Income
Shares
Amount
Total
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
1,466
1,466
1,466
Stock repurchase plan
)
(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 (Note
3)
(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
(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
(Note 9)
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
Net income
85,204
85,204
85,204
Foreign currency translation adjustments
27,120
27,120
27,120
Changes in fair market value of financial instruments designated
as cash flow hedges, net of taxes
(2,557
)
(2,557
)
(2,557
)
Stock repurchase plan
(1,701,089
)
(85
)
(49,872
)
(49,957
)
Proceeds from exercise of stock options
525,774
26
8,867
8,893
Stock
-
based compensation
6,841
6,841
Shares issued through franchise stock incentive program
11,311
—
416
416
Adoption of FIN No.48 (Note 8)
(237
)
(4,237
)
(4,474
)
Recognition of deferred compensation and other, net of taxes
(Note 9)
(868
)
(868
)
(868
)
Tax benefit realized upon exercise of stock options
2,784
2,784
Taxes related to restricted stock
(54,914
)
(2
)
(663
)
(665
)
Issuance of restricted stock
125,200
5
(5
)
—
Dividends
(6,964
)
(6,964
)
Payment for contingent consideration in salon acquisitions
(Note 3)
(2,895
)
(2,895
)
Balance, June 30, 2008
$
43,070,927
$
2,153
$
143,265
$
101,973
$
728,795
$
976,186
$
108,899