Western Digital 1998 Annual Report Download - page 37

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WESTERN DIGITAL CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Three years ended June 27, 1998
(in thousands)
Additional Total
Common Stock Treasury Stock Paid-in Retained Shareholders'
Shares Amount Shares Amount Capital Earnings Equity
Balance at July 1, 1995......................
100,964 $ 1,009 (1,610) $ (10,822) $ 359,663 $ 123,576 $ 473,426
Common stock repurchase
program (Note 6) .............................. — — (15,440) (132,114) — — (132,114)
Exercise of stock options
(Note 6)............................................. 368 4 1,568 12,833 (5,528) — 7,309
ESPP shares issued (Note 6)................ — — 1,292 8,686 (309) — 8,377
Net income........................................... — — — — — 96,894 96,894
Balance at June 29, 1996...................
101,332 1,013 (14,190) (121,417) 353,826 220,470 453,892
Common stock repurchase
program (Note 6) .............................. — — (5,172) (135,506) (9,068) — (144,574)
Exercise of stock options
(Note 6)............................................. — — 2,790 22,087 (8,350) — 13,737
ESPP shares issued (Note 6)................ — — 1,136 9,090 37 — 9,127
Income tax benefit from stock
options exercised (Note 5)................ —— — — 20,209 — 20,209
Net income........................................... — — — — — 267,596 267,596
Balance at June 28, 1997...................
101,332 1,013 (15,436) (225,746) 356,654 488,066 619,987
Common stock repurchase
program (Note 6) .............................. — — — — (35,828) — (35,828)
ESPP shares issued (Note 6)................ — — 1,231 9,506 3,178 — 12,684
Exercise of stock options
(Note 6)............................................. — — 1,166 8,892 (99) — 8,793
Income tax benefit from stock
options exercised (Note 5)................ — — — — 2,339 — 2,339
Net loss................................................ — — — — — (290,217) (290,217)
Balance at June 27, 1998...................
101,332 $ 1,013 (13,039) $(207,348) $ 326,244 $ 197,849 $ 317,758
See notes to consolidated financial statements.