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36
TRAVELZOO INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY AND COMPREHENSIVE
INCOME (LOSS)
Common Stock
Treasury
Stock
Additional
Paid-In
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Total
Stockholders’
Equity
Shares
Amount
Balances, December 31, 2008 ......................
.
14,286 143 — 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 income:
Foreign currency translation adjustment ......
.
— — — — — 215 215
N
et 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
Stock-based compensation expense .............
.
— — — 750 — — 750
Capital contribution from majority
shareholder ..............................................
.
— — — 1,076 — — 1,076
Comprehensive income: —
Foreign currency translation adjustment ......
.
— — — — 135 135
N
et income ...................................................
.
— — — — 13,157 — 13,157
Total comprehensive income .......................
.
— — — — — — 13,292
Balances, December 31, 2010 ......................
.
16,444 164 — 6,598 40,165 (1,038) 45,889
Stock-based compensation expense .............
.
— — — 750 — — 750
Proceeds from exercise of stock options ......
.
18 — — 40 — — 40
Repurchase of common stock ......................
.
(500) — (15,123) — — — (15,123)
Tax benefit from stock option exercise ........
.
— — — 268 — — 268
Comprehensive income:
Foreign currency translation adjustment ......
.
— — — — — (384) (384)
N
et income ...................................................
.
— — — — 3,319 — 3,319
Total comprehensive income .......................
.
— — — — — — 2,935
Balances, December 31, 2011 ......................
.
15,962 $ 164 $ (15,123) $ 7,656 $ 43,484 $ (1,422) $ 34,759
See accompanying notes to consolidated financial statements