True Value 2008 Annual Report Download - page 36

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2008 FINAN CIA L REP OR T :: 15
consolidated statement of members’ equity
Accumulated
Redeemable Common Stock Other Total Total
Class A Class B Loss Deferred Accumulated Comprehensive Members’ Comprehensive
# of Shares Amount # of Shares Amount Allocation Patronage Deficit Loss Equity Income/(Loss)
Balances at and for the year
ended December 31, 2005 315,480 $ 30,464 1,175,863 $ 118,885 $ (11,088) $ (23,550) $ (53,950) $ (1,730) $ 59,031 $ 47,728
Net margin – – – – – – 72,779 – 72,779 $ 72,779
Reclass stock presented for
redemptions to liabilities (18,540) (1,697) (48,770) (4,877) 669 – 1,418 – (4,487) –
Amortization of
deferred patronage – – – – – 748 (748) – – –
Patronage dividend – – 334,991 33,499 – – (52,074) – (18,575) –
Class B stock applied
against loss allocation – – (32,772) (3,277) 3,277 – – – – –
Class A stock purchases 9,360 1,553 – – – – – – 1,553 –
Pension liability adjustment:
Additional minimum liability
arising during the period – – – – – – – (9,148) (9,148) (9,148)
Adjustments to initially apply
FASB statement No. 158 – – – – – – – 1,568 1,568 1,568
Total pension liability adjustment – – – – – – – (7,580) (7,580) (7,580)
Balances at and for the year
ended December 30, 2006 306,300 30,320 1,429,312 144,230 (7,142) (22,802) (32,575) (9,310) 102,721 $ 65,199
Net margin – – – – – – 63,767 – 63,767 $ 63,767
Reclass stock presented for
redemptions to liabilities (21,156) (2,109) (67,858) (6,786) 1,203 – 1,352 – (6,340) –
Amortization of
deferred patronage – – – – – 747 (747) – – –
Patronage dividend – – 298,819 29,882 – – (56,131) – (26,249) –
Class B stock applied
against loss allocation – – (11,612) (1,161) 1,161 – – – – –
Class A stock purchases 7,800 1,091 – – – – – – 1,091 –
Pension liability adjustment
for deferred actuarial loss – – – – – – – (2,329) (2,329) (2,329)
Balances at and for the year
ended December 29, 2007 292,944 29,302 1,648,661 166,165 (4,778) (22,055) (24,334) (11,639) 132,661 $ 61,438
Net margin – – – – – – 64,228 – 64,228 $ 64,228
Reclass stock presented for
redemptions to liabilities (19,224) (1,587) (69,909) (6,991) 333 – 1,118 – (7,127) –
Amortization of
deferred patronage – – – – – 748 (748) – – –
Patronage dividend – – 221,345 22,134 – – (56,163) – (34,029) –
Class B stock applied
against loss allocation – – (6,113) (611) 611 – – – – –
Class A stock purchases 10,800 737 – – – – – – 737 –
Pension liability adjustment
for deferred actuarial loss – – – – – – – (15,281) (15,281) (15,281)
Balances at and for the year
ended January 3, 2009 284,520 $ 28,452 1,793,984 $ 180,697 $ (3,834) $ (21,307) $ (15,899) $ (26,920) $ 141,189 $ 48,947
Redeemable Class A common stock amounts are net of unpaid subscription amounts of $0 relating to no issued shares at January 3, 2009; $8 relating to 840 issued shares
at December 29, 2007; $310 relating to 20,580 issued shares at December 30, 2006; $1,084 relating to 25,200 issued shares at December 31, 2005.
The accompanying notes are an integral part of the Consolidated Financial Statements.
($ in thousands, except per share information)