Under Armour 2011 Annual Report Download - page 59

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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, 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
Exercise of stock options 563 — — — 12,853 — — — 12,853
Shares withheld in consideration of
employee tax obligations
relative to stock-based
compensation arrangements (12) — — — — (776) — — (776)
Issuance of Class A Common
Stock, net of forfeitures 35 — — — 2,041 — — — 2,041
Class B Convertible Common
Stock converted to Class A
Common Stock 1,250 — (1,250) — — — — — —
Stock-based compensation expense — — — — 18,063 — — — 18,063
Net excess tax benefits from stock-
based compensation
arrangements — — — — 10,379 — — — 10,379
Comprehensive income :
Net income — — — — — 96,919 — — 96,919 96,919
Foreign currency translation
adjustment — — — — — — — (13) (13) (13)
Comprehensive income $96,906
Balance as of December 31, 2011 40,496 $ 13 11,250 $ 4 $268,223 $366,164 $— $2,028 $636,432
See accompanying notes.
49