True Value 2009 Annual Report Download - page 30

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2009 Financial Report 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 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
Net margin – – – – – – 65,446 – 65,446 $ 65,446
Reclass stock presented for
redemptions to liabilities (18,660) (1,650) (63,355) (6,335) 289 – 532 – (7,164) –
Amortization of
deferred patronage – – – – – 747 (747) – – –
Patronage dividend – – 129,905 12,990 – – (57,264) – (44,274) –
Class B stock applied
against loss allocation – – (4,571) (457) 457 – – – – –
Class A stock purchases 5,400 324 – – – – – – 324 –
Pension liability adjustment
for deferred actuarial loss – – – – – – – 1,557 1,557 1,557
Other – – – – – – – 239 239 239
Balances at and for the year
ended January 2, 2010 271,260 $ 27,126 1,855,963 $186,895 $ (3,088) $ (20,560) $ (7,932) $ (25,124) $ 157,317 $ 67,242
Redeemable Class A common stock amounts are net of unpaid subscription amounts of $0 relating to no issued shares at January 2, 2010 and at January 3, 2009; $8 relating
to 840 issued shares at December 29, 2007; $310 relating to 20,580 issued shares at December 30, 2006.
The accompanying notes are an integral part of the Consolidated Financial Statements.
($ in thousands, except per share information)