Washington Post 2008 Annual Report Download - page 71

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THE WASHINGTON POST COMPANY
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
(Loss) Gain
on Pensions
and Other
Postretirement
Plans Treasury
Stock
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)
Net income for the year ................ 65,722
Dividends paid on common stock —
$8.60 per share .................... (81,215)
Dividends paid on redeemable
preferred stock ..................... (946)
Repurchase of 167,642 shares of Class B
common stock ...................... (98,960)
Issuance of 16,827 shares of Class B
common stock, net of restricted stock
award forfeitures .................... 5,845 2,575
Amortization of unearned stock
compensation ...................... 6,736
Change in foreign currency translation
adjustment (net of taxes) ............... (46,257)
Change in unrealized gain on
available-for-sale securities (net of taxes) . . . (80,893)
Adjustment for pensions and other
postretirement plans (net of taxes) ........ (378,066)
Stock option expense .................. 1,078
Tax benefits arising from employee
stock plans ........................ 762
Balance, December 28, 2008 ............. $ 1,292 $ 18,708 $ 232,201 $ 4,313,287 $ (3,412) $ 72,646 $ (79,914) $ (1,697,268)
The information on pages 60 through 84 is an integral part of the financial statements.
2008 FORM 10-K 59