Lowe's 1997 Annual Report Download - page 26

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Consolidated Statements of Shareholders’ Equity
In Thousands
Unrealized
Unearned Gain/(Loss) on
Capital in Compensation Available Total
Common Stock Excess of Retained Restricted For Sale Shareholders’
Shares Amount Par Value Earnings Stock Awards Securities Equity
Balance January 31, 1995 159,527 $79,764 $554,838 $ 792,891 $ (5,949) $(1,654) $1,419,890
Net Earnings 226,027 226,027
Tax Effect of Non-qualified
Stock Options Exercised 25 25
Cash Dividends (30,471) (30,471)
Stock Options Exercised (Note 8) 4 2 42 44
Stock Issued to ESOP (Note 10) 1,182 591 36,631 37,222
Conversion of 3% Notes 97 49 2,183 2,232
Shares Issued to Directors 4 2 93 95
Unearned Compensation-Restricted
Stock Awards (Note 8) 104 51 3,016 (2,127) 940
Unrealized Gain on Available-for-Sale
Securities, Net of Income
Taxes of $378 711 711
Balance January 31, 1996 160,918 80,459 596,828 988,447 (8,076) (943) 1,656,715
Net Earnings 292,150 292,150
Cash Dividends (34,709) (34,709)
Stock Issued to ESOP 1,215 607 43,283 43,890
Conversion of 3% Notes 10,897 5,448 251,350 256,798
Shares Issued to Directors 4 2 135 137
Unearned Compensation-Restricted
Stock Awards (Note 8) 370 186 12,065 (10,358) 1,893
Unrealized Gain on Available-for-Sale
Securities, Net of Income
Taxes of $325 602 602
Balance January 31, 1997 173,404 86,702 903,661 1,245,888 (18,434) (341) 2,217,476
Net Earnings 357,484 357,484
Tax Effect of Non-qualified
Stock Options Exercised 87 87
Cash Dividends (38,239) (38,239)
Stock Options Exercised (Note 8) 14 7 228 235
Stock Issued to ESOP (Note 10) 1,492 746 55,884 56,630
Shares Issued to Directors 4 2 155 157
Unearned Compensation-Restricted
Stock Awards (Note 8) 402 201 20,309 (14,260) 6,250
Unrealized Gain on Available-for-Sale
Securities, Net of Income
Taxes of $268 529 529
Balance January 30, 1998 175,316 $87,658 $980,324 $1,565,133 $(32,694) $ 188 $2,600,609
See accompanying notes to consolidated financial statements.
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