Travelzoo 2009 Annual Report Download - page 66

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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, 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 exercise of stock options . . 35 — — 75 — — 75
Tax benefit of non-qualified stock option
exercise . . . . . . . . . . . . . . . . . . . . . . . — — — 110 — — 110
Comprehensive income:
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
Proceeds from exercises of stock options . . 2,158 21 — 2,137 — — 2,158
Stock-based compensation expense . . . . . . — — — 94 — — 94
Capital contribution from majority
shareholder, net of receivable of
$1.1 million . . . . . . . . . . . . . . . . . . . . — — — 2,356 — — 2,356
Comprehensive loss:
Foreign currency translation adjustment . . . — — — — — 215 215
Net income . . . . . . . . . . . . . . . . . . . . . . — — — — 5,185 — 5,185
Total comprehensive income . . . . . . . . . . — — — — — — 5,400
Balances, December 31, 2009 . . . . . . . . . 16,444 $164 $ — $ 4,772 $ 27,008 $(1,173) $ 30,771
See accompanying notes to consolidated financial statements
41