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Table of Contents
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.
80
Common Stock
Accumulated
Other
Comprehensive
Income
Additional
Paid-In
Capital
Retained
Earnings
Comprehensive
Income
Shares
Amount
Total
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 14)
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 13)
(237
)
(4,237
)
(4,474
)
Recognition of deferred compensation and other, net of taxes (Note 14)
(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 4)
(2,895
)
(2,895
)
Balance, June 30, 2008
43,070,927
2,153
143,265
101,973
728,795
976,186
108,899
Net loss
(124,466
)
(124,466
)
(124,466
)
Foreign currency translation adjustments
(47,666
)
(47,666
)
(47,666
)
Changes in fair market value of financial instruments designated as cash flow hedges, net of
taxes
(2,112
)
(2,112
)
(2,112
)
Proceeds from exercise of stock options
234,523
12
3,882
3,894
Stock
-
based compensation
7,525
7,525
Shares issued through franchise stock incentive program
13,808
—
378
378
Recognition of deferred compensation and other, net of taxes (Note 14)
(340
)
(340
)
(340
)
Tax benefit realized upon exercise of stock options
712
712
Issuance of restricted stock
617,550
31
(31
)
—
Restricted stock forfeitures
(28,119
)
(1
)
1
—
Taxes related to restricted stock
(27,325
)
(1
)
(490
)
(491
)
Dividends
(6,912
)
(6,912
)
Equity issuance costs (Note 17)
(243
)
(243
)
Adjustment to stock option tax benefit
(3,605
)
(3,605
)
Balance, June 30, 2009
43,881,364
$
2,194
$
151,394
$
51,855
$
597,417
$
802,860
$
(174,584
)