Vistaprint 2008 Annual Report Download - page 66
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VISTAPRINT LIMITED
CONSOLIDATED STATEMENTS OF REDEEMABLE CONVERTIBLE PREFERRED SHARES AND
SHAREHOLDERS’ EQUITY
(in thousands)
Series A Redeemable
Convertible Preferred
Shares
Series B Redeemable
Convertible Preferred
Shares Common Shares Additional
Paid-in
capital
Retained
Earnings
(Accumulated
Deficit)
Accumulated
Other
Comprehensive
Income
Total
Shareholders’
Equity
(Deficit)
Number
of shares Amount
Number
of shares Amount
Number
of shares Amount
Balance at June 30, 2005 .............. 9,846 $ 13,556 12,874 $ 57,880 11,375 $11 $ 2,679 $(41,017) $ 258 $ (38,069)
Issuance of common shares due to
share option exercises............... 1,905 2 6,642 6,644
Accretion of preferred shares........... 32 1,263 (1,295) (1,295)
Conversion of preferred shares into
common shares..................... (9,846) (13,588) (12,874) (59,143) 22,721 23 72,708 72,731
Initial public offering, net of offering
costs............................... 5,500 6 59,475 59,481
Share-based compensation expense . . . 4,850 4,850
Comprehensive income:
Net income ....................... 19,235 19,235
Currency translation............... 459 459
Unrealized loss on marketable
securities ...................... (52) (52)
Total comprehensive income ........... 19,642
Balance at June 30, 2006 .............. — $ — — $ — 41,501 $42 146,354 $(23,077) 665 $123,984
Issuance of common shares due to
share option exercises............... 1,971 1 13,706 13,707
Reversal of estimated accrued offering
costs from initial public offering ....... 279 279
Tax benefits of employee share
transactions ........................ 685 685
Share-based compensation expense . . . 9,005 9,005
Comprehensive income:
Net income ....................... 27,143 27,143
Currency translation............... 1,218 1,218
Unrealized gain on marketable
securities ...................... 39 39
Total comprehensive income ........... 28,400
Balance at June 30, 2007 .............. — $ — — $ — 43,472 $43 $170,029 $ 4,066 $1,922 $176,060
See accompanying notes.
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