Travelzoo 2005 Annual Report Download - page 56

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TRAVELZOO INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
AND COMPREHENSIVE INCOME
Years Ended December 31, 2005, 2004, and 2003
Additional Accumulated Other Total
Common Stock Paid-In Comprehensive Retained Stockholders
Shares Amount Capital Loss Earnings Equity
Balances, December 31,
2003 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 19,425,147 $194,251 $ (116,078) $ Ì $ 3,762,907 $ 3,841,080
Reduction of reported
shares outstanding
upon expiration of
merger exchange
periodÏÏÏÏÏÏÏÏÏÏÏÏÏ (4,115,532) (41,155) 41,155 Ì Ì Ì
Proceeds from exercises
of optionsÏÏÏÏÏÏÏÏÏÏ 173,589 1,736 369,031 Ì Ì 370,767
Tax beneÑt of non-
qualiÑed stock
options exerciseÏÏÏÏÏ Ì Ì 1,931,924 Ì Ì 1,931,924
Recovery of proÑt from
purchase and sale of
stock by employeesÏÏ Ì Ì 34,390 Ì Ì 34,390
Proceeds from issuance
of common stock, net
of related issuance
costs ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 750,000 7,500 28,039,569 Ì Ì 28,047,069
Comprehensive income:
Net income ÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì 6,037,377 6,037,377
Total comprehensive
income ÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì Ì 6,037,377
Balances, December 31,
2004 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 16,233,204 162,332 30,299,991 Ì 9,800,284 40,262,607
Proceeds from exercises
of optionsÏÏÏÏÏÏÏÏÏÏ 17,275 173 34,377 Ì Ì 34,550
Tax beneÑt of non-
qualiÑed stock
options exerciseÏÏÏÏÏ Ì Ì 434,825 Ì Ì 434,825
Additional issuance
costs related to Q4
2005 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì (123,729) Ì Ì (123,729)
Comprehensive income:
Foreign currency
translation
adjustmentÏÏÏÏÏÏÏÏÏ Ì Ì Ì (37,771) Ì (37,771)
Net income ÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì 7,963,017 7,963,017
Total comprehensive
income ÏÏÏÏÏÏÏÏÏÏÏÏ Ì Ì Ì Ì Ì 7,925,246
Balances, December 31,
2005 ÏÏÏÏÏÏÏÏÏÏÏÏÏÏ 16,250,479 $162,505 $30,645,464 $(37,771) $17,763,301 $48,533,499
See accompanying notes to consolidated Ñnancial statements
35