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52
TRAVELZOO INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands, except per share amounts)
Common Stock Treasury
Stock
Additional
Paid-In
Capital Retained
Earnings
Accumulated
Other
Comprehensive
Loss
Total
Stockholders’
Equity
Shares Amount
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
Foreign currency translation
adjustment — — — — (384)(384)
Net income — — — — 3,319 — 3,319
Balances, December 31, 2011 15,962 164 (15,123) 7,656 43,484 (1,422) 34,759
Stock-based compensation expense — — — 1,207 — — 1,207
Retirement of treasury stock (161) (1) 18,735 (18,734) —
Repurchase of common stock (439) — (11,510) — — — (11,510)
Foreign currency translation
adjustment — — — — — 685 685
Net income — — — — 18,198 — 18,198
Balances, December 31, 2012 15,362 163 (7,898) 8,863 42,948 (737) 43,339
Stock-based compensation expense — — — 1,384 — — 1,384
Repurchase of common stock (371) — (7,764) — — — (7,764)
Shares fractionalized from reverse/
forward stock split, including
transaction costs (643) (6) (14,017) — — — (14,023)
Proceeds from sale of shares
fractionalized from reverse/forward
stock split, including transaction
costs 643 6 14,017 (820) 13,203
Foreign currency translation
adjustment — — — — — 207 207
Net loss — — — — (5,011) — (5,011)
Balances, December 31, 2013 14,991 $ 163 $ (15,662) $ 10,247 $ 37,117 $ (530) $ 31,335
See accompanying notes to consolidated financial statements.