TCF Bank 2006 Annual Report Download - page 66

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46 TCF Financial Corporation and Subsidiaries
Consolidated Statements of Stockholders’ Equity
Accumulated
Number of Other
Common Additional Comprehensive Treasury
Shares Common Paid-in Retained (Loss)/ Stock
(Dollars in thousands) Issued Stock Capital Earnings Income and Other Total
Balance, December 31, 2003 185,026,710 $ 925 $ 502,166 $1,234,804 $ 5,652 $ (822,689) $ 920,858
Comprehensive income (loss):
Net income – – – 254,993 – – 254,993
Other comprehensive loss ––––(7,067) – (7,067)
Comprehensive income (loss) – – – 254,993 (7,067) – 247,926
Dividends on common stock – 925 (925) (104,037) – – (104,037)
Repurchase of 3,984,890 shares ––––– (116,134) (116,134)
Issuance of 150,174 shares – – (2,609) – – 2,609 –
Cancellation of shares (62,980) (1) (1,220) – – – (1,221)
Cancellation of shares for tax withholding (24,636) ––––––
Amortization of stock compensation – – 6,905 – – – 6,905
Exercise of stock options, 155,832 shares – – (689) – – 2,685 1,996
Stock compensation tax benefits – – 2,242 – – – 2,242
Allocation of TCF Stock for employer
match to the 401k plan –––––(117) (117)
Change in shares held in trust for deferred
compensation plans, at cost – – (328) – – 328 –
Balance, December 31, 2004 184,939,094 $1,849 $ 505,542 $1,385,760 $ (1,415) $ (933,318) $ 958,418
Comprehensive income (loss):
Net income – – – 265,132 – – 265,132
Other comprehensive loss – – – – (19,800) – (19,800)
Comprehensive income (loss) – – – 265,132 (19,800) – 245,332
Dividends on common stock – – – (114,543) – – (114,543)
Repurchase of 3,450,000 shares –––––(93,499) (93,499)
Issuance of 526,900 shares – – (9,658) – – 9,658 –
Cancellation of shares (114,004) (1) (14,616) 262 – – (14,355)
Cancellation of shares for tax withholding (438,897) (4) ––––(4)
Amortization of stock compensation – – 5,830 – – – 5,830
Exercise of stock options, 66,064 shares – – (648) – – 1,225 577
Stock compensation tax benefits – – 10,716 – – – 10,716
Change in shares held in trust for deferred
compensation plans, at cost – – (20,282) – – 20,282 –
Balance, December 31, 2005 184,386,193 $1,844 $ 476,884 $1,536,611 $(21,215) $ (995,652) $ 998,472
Comprehensive income (loss):
Net income – – – 244,943 – – 244,943
Other comprehensive loss ––––(374) – (374)
Comprehensive income (loss) – – – 244,943 (374) – 244,569
Adjustment to initially apply SFAS
No. 158, net of tax ––––(13,337) – (13,337)
Dividends on common stock – – – (121,405) – – (121,405)
Repurchase of 3,900,000 shares –––––(101,045) (101,045)
Issuance of 738,890 shares – – (13,874) – – 13,874 –
Retirement of treasury stock (52,500,000) (525) (126,765) (876,667) – 1,003,957 –
Cancellation of shares (134,635) (1) (490) 529 – – 38
Cancellation of shares for tax withholding (90,809) (1) (2,451) – – – (2,452)
Amortization of stock compensation – – 7,499 – – – 7,499
Exercise of stock options, 28,667 shares – – (192) – – 546 354
Stock compensation tax benefits – – 20,681 – – – 20,681
Change in shares held in trust for
deferred compensation plans, at cost – – (17,548) – – 17,548 –
Balance, December 31, 2006 131,660,749 $1,317 $ 343,744 $ 784,011 $(34,926) $ (60,772) $1,033,374
See accompanying notes to consolidated financial statements.