Travelzoo 2008 Annual Report Download - page 63

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TRAVELZOO INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’
EQUITY AND COMPREHENSIVE INCOME (LOSS)
Shares Amount
Treasury
Stock
Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total
Stockholders’
Equity
Common Stock
(In thousands)
Balances, December 31, 2005 . . . 16,250 163 — 30,645 17,763 (38) 48,533
Repurchase of common stock . . . (1,000) — (28,579) — — — (28,579)
Retirement of common stock .... — (10) 28,579 (28,569) — — —
Comprehensive income:
Foreign currency translation
adjustment................ — — — — — 60 60
Net income ................. — — — — 16,803 — 16,803
Total comprehensive income .... — — — — — — 16,863
Balances, December 31, 2006 . . . 15,250 153 — 2,076 34,566 22 36,817
Repurchase of common stock . . . (1,000) — (19,822) — — — (19,822)
Retirement of common stock .... — (10) 19,822 (2,076) (17,736) — —
Comprehensive income:
Foreign currency translation
adjustment................ — — — — — (202) (202)
Net income ................. — — — — 9,109 — 9,109
Total comprehensive income .... — — — — — — 8,907
Balances, December 31, 2007 . . . 14,250 143 — — 25,939 (180) 25,902
Proceeds from exercises of stock
options .................. 35 — — 75 — — 75
Tax benefit of non-qualified stock
options exercise ............ — — — 110 — — 110
Comprehensive loss:
Foreign currency translation
adjustment................ — — — — — (1,208) (1,208)
Net loss ................... — — — — (4,116) — (4,116)
Total comprehensive loss ....... — — — — — — (5,324)
Balances, December 31, 2008 . . . 14,285 $143 $ — $ 185 $ 21,823 $(1,388) $ 20,763
See accompanying notes to consolidated financial statements
39