Washington Post 2007 Annual Report Download - page 75

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CONSOLIDATED STATEMENTS OF CHANGES IN COMMON SHAREHOLDERS’ EQUITY
(in thousands)
Class A
Common
Stock
Class B
Common
Stock
Capital in
Excess of
Par Value
Retained
Earnings
Cumulative
Foreign
Currency
Translation
Adjustment
Unrealized
Gain on
Available-
for-Sale
Securities
Unrealized
Gain on
Pensions and
Other
Postretirement
Plans Treasury Stock
Balance, January 2, 2005 ................ $1,722 $18,278 $178,951 $3,629,222 $13,873 $ 75,448 $ — $(1,512,888)
Net income for the year . . . . . . . . . . . . . . . . . . . 314,344
Dividends paid on common stock — $7.40 per share . . (70,998)
Dividends paid on redeemable preferred stock . . . . . . (981)
Issuance of 25,459 shares of Class B common stock, net
of restricted stock award forfeitures . . . . . . . . . . . . 3,138 3,700
Amortization of unearned stock compensation . . . . . . . 5,578
Change in foreign currency translation adjustment (net of
taxes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8,834)
Change in unrealized gain on available-for-sale securities
(net of taxes) . . . . . . . . . . . . . . . . . . . . . . . . (17,135)
Stock option expense . . . . . . . . . . . . . . . . . . . . . 1,101
Tax benefits arising from employee stock plans . . . . . . . 3,904
Balance, January 1, 2006 ................ 1,722 18,278 192,672 3,871,587 5,039 58,313 — (1,509,188)
Net income for the year . . . . . . . . . . . . . . . . . . . 324,459
Dividends paid on common stock — $7.80 per share . . (74,922)
Dividends paid on redeemable preferred stock . . . . . . (981)
Repurchase of 77,300 shares of Class B common
stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . (56,559)
Issuance of 11,959 shares of Class B common stock, net
of restricted stock award forfeitures . . . . . . . . . . . . 3,589 1,737
Amortization of unearned stock compensation . . . . . . . 6,315
Change in foreign currency translation adjustment (net of
taxes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,650
Change in unrealized gain on available-for-sale securities
(net of taxes) . . . . . . . . . . . . . . . . . . . . . . . . 26,301
Adjustment to initially apply SFAS 158 for pensions and
other postretirement plans (net of taxes). . . . . . . . . . 270,258
Stock option expense . . . . . . . . . . . . . . . . . . . . . 1,291
Tax benefits arising from employee stock plans . . . . . . . 1,953
Balance, December 31, 2006 .............. 1,722 18,278 205,820 4,120,143 22,689 84,614 270,258 (1,564,010)
Net income for the year . . . . . . . . . . . . . . . . . . . 288,607
Dividends paid on common stock — $8.20 per share . . (78,072)
Dividends paid on redeemable preferred stock . . . . . . (952)
Repurchase of 54,506 shares of Class B common
stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . (42,031)
Issuance of 34,363 shares of Class B common stock, net
of restricted stock award forfeitures . . . . . . . . . . . . 2,699 5,158
Amortization of unearned stock compensation . . . . . . . 6,563
Change in foreign currency translation adjustment (net of
taxes) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,156
Change in unrealized gain on available-for-sale securities
(net of taxes) . . . . . . . . . . . . . . . . . . . . . . . . 68,925
Adjustment for pensions and other postretirement plans
(net of taxes) . . . . . . . . . . . . . . . . . . . . . . . . 27,894
Stock option expense . . . . . . . . . . . . . . . . . . . . . 1,225
Conversion of Class A common stock to Class B common
stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . (430) 430
Tax benefits arising from employee stock plans . . . . . . . 1,473
Balance, December 30, 2007 .............. $1,292 $18,708 $217,780 $4,329,726 $42,845 $153,539 $298,152 $(1,600,883)
The information on pages 60 through 82 is an integral part of the financial statements.
2007 FORM 10-K 59