iRobot 2007 Annual Report Download - page 97

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iROBOT CORPORATION
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)
Shares Value
Additional
Paid-In
Capital
Note
Receivable
from
Stockholder
Deferred
Compensation
Accumulated
Deficit Total
Common Stock
(In thousands, except share amounts)
Balance at December 31, 2004 . . . . . . . . . 10,129,457 $101 $ 2,925 $(43) $ (387) $(26,886) $ (24,290)
Amortization of deferred compensation
relating to restricted stock . . . . . . . . . . . 200 200
Issuance of common stock for exercise of
stock options . . . . . . . . . . . . . . . . . . . . 442,204 4 633 637
Repayment of note receivable from
stockholder. . . . . . . . . . . . . . . . . . . . . . 43 43
Conversion of preferred to common stock . . 9,557,246 96 37,411 37,507
Proceeds of initial public offering, net of
costs . . . . . . . . . . . . . . . . . . . . . . . . . . 3,260,870 33 70,374 70,407
Conversion of warrants to common stock . . 16,155 —
Deferred compensation relating to issuance
of stock options . . . . . . . . . . . . . . . . . . 3,421 (3,421) —
Tax benefit of disqualifying dispositions . . . 44 44
Amortization of deferred compensation
relating to stock options. . . . . . . . . . . . . 398 398
Net income . . . . . . . . . . . . . . . . . . . . . . . 2,610 2,610
Balance at December 31, 2005 . . . . . . . . . 23,405,932 234 114,808 — (3,210) (24,276) 87,556
Amortization of deferred compensation
relating to restricted stock . . . . . . . . . . . 101 101
Issuance of common stock for exercise of
stock options . . . . . . . . . . . . . . . . . . . . 384,827 4 1,045 1,049
Tax benefit of disqualifying dispositions . . . 180 180
Amortization of deferred compensation
relating to stock options. . . . . . . . . . . . . 1,768 700 2,468
Reversal of deferred compensation
related to cancelled stock options . . . . (83) 83 —
Net income . . . . . . . . . . . . . . . . . . . . . . . 3,565 3,565
Balance at December 30, 2006 . . . . . . . . . 23,790,759 238 117,718 — (2,326) (20,711) 94,919
Amortization of deferred compensation
relating to restricted stock . . . . . . . . . . . 59 59
Issuance of common stock for exercise of
stock options . . . . . . . . . . . . . . . . . . . . 793,283 8 1,380 1,388
Stock withheld to cover tax withholdings
requirements upon exercise of stock
options . . . . . . . . . . . . . . . . . . . . . . . . (110,396) (1) (1,587) (1,588)
Repurchase of restricted stock award . . . . . (4,047)
Cumulative adjustment to stock based
compensation . . . . . . . . . . . . . . . . . . . . (836) 836 —
Issuance of restricted stock awards . . . . . . . 25,332
Tax benefit of excess stock based
compensation deduction. . . . . . . . . . . . . 1,626 1,626
Amortization of deferred compensation
relating to stock options. . . . . . . . . . . . . 4,477 175 4,652
Reversal of deferred compensation
related to cancelled stock options . . . . (571) 571 —
Director’s deferred compensation . . . . . . . . 111 111
Net income . . . . . . . . . . . . . . . . . . . . . . . 9,060 9,060
Balance at December 29, 2007 . . . . . . . . . 24,494,931 $245 $122,318 $ — $ (685) $(11,651) $110,227
See accompanying Notes to Consolidated Financial Statements
63
Form 10-K