Under Armour 2010 Annual Report Download - page 55

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Under Armour, Inc. and Subsidiaries
Consolidated Statements of Stockholders’ Equity and Comprehensive Income
(In thousands)
Class A
Common Stock
Class B
Convertible
Common Stock Additional
Paid-In
Capital
Retained
Earnings
Unearned
Compen-
sation
Accum-
ulated
Other
Compre-
hensive
Income
(Loss)
Compre-
hensive
Income
Total
Stockholders’
EquityShares Amount Shares Amount
Balance as of December 31, 2007 36,190 $ 12 12,500 $ 4 $162,362 $117,782 $(182) $ 507 $280,485
Exercise of stock options 225 — — — 785 — — — 785
Issuance of Class A Common
Stock, net of forfeitures 394 — — — 1,205 — — — 1,205
Stock-based compensation expense — — — — 8,340 — 122 — 8,462
Net excess tax benefits from stock-
based compensation
arrangements — — — — 2,033 — — — 2,033
Comprehensive income :
Net income — — — — — 38,229 — — $38,229 38,229
Foreign currency translation
adjustment, net of tax of
$100 — — — — — — — (102) (102) (102)
Comprehensive income 38,127
Balance as of December 31, 2008 36,809 12 12,500 4 174,725 156,011 (60) 405 331,097
Exercise of stock options 853 1 — — 4,000 — — — 4,001
Shares withheld in consideration of
employee tax obligations relative
to stock-based compensation
arrangements (26) — — — — (608) — — (608)
Issuance of Class A Common
Stock, net of forfeitures 112 — — — 1,509 — — — 1,509
Stock-based compensation expense — — — — 12,864 — 46 — 12,910
Net excess tax benefits from stock-
based compensation
arrangements — — — — 4,244 — — — 4,244
Comprehensive income :
Net income — — — — — 46,785 — — 46,785 46,785
Foreign currency translation
adjustment, net of tax of
$101 — — — — — — — 59 59 59
Comprehensive income 46,844
Balance as of December 31, 2009 37,748 13 12,500 4 197,342 202,188 (14) 464 399,997
Exercise of stock options 799 — — — 6,104 — — — 6,104
Shares withheld in consideration of
employee tax obligations relative
to stock-based compensation
arrangements (19) — — — — (644) — — (644)
Issuance of Class A Common
Stock, net of forfeitures 132 — — — 1,788 — — — 1,788
Stock-based compensation expense — — — — 16,170 — 14 — 16,184
Net excess tax benefits from stock-
based compensation
arrangements — — — — 3,483 — — — 3,483
Comprehensive income :
Net income — — — — — 68,477 — — $68,477 68,477
Foreign currency translation
adjustment — — — — — — — 1,577 1,577 1,577
Comprehensive income $70,054
Balance as of December 31, 2010 38,660 $ 13 12,500 $ 4 $224,887 $270,021 $ — $2,041 $496,966
See accompanying notes.
47