Lowe's 1998 Annual Report Download - page 23

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Consolidated Statements of Shareholders’ Equity
In Thousands
Unearned Accumulated
Capital in Compensation Other
Common Stock Excess of Retained Restricted Comprehensive Total
Shares Amount Par Value Earnings Stock Awards Income Equity
Balance January 31, 1996 321,836 $160,918 $516,369 $ 988,447 $ (8,076) $ (943) $1,656,715
Comprehensive Income:
Net Earnings 292,150
Other comprehensive income, net
of income taxes ($325) and reclassification
adjustments: Unrealized Gain on
Available-for-Sale Securities 602
Total Comprehensive Income 292,752
Cash Dividends (34,709) (34,709)
Stock Issued to ESOP (Note 10) 2,430 1,214 42,676 43,890
Conversion of 3% Notes 21,794 10,896 245,902 256,798
Shares Issued to Directors 8 4 133 137
Unearned Compensation – Restricted
Stock Awards (Note 8) 740 372 11,879 (10,358) 1,893
Balance January 31, 1997 346,808 173,404 816,959 1,245,888 (18,434) (341) 2,217,476
Comprehensive Income:
Net Earnings 357,484
Other comprehensive income, net
of income taxes ($268) and reclassification
adjustments: Unrealized Gain on
Available-for-Sale Securities 529
Total Comprehensive Income 358,013
Tax Effect of Non-qualified
Stock Options Exercised 87 87
Cash Dividends (38,239) (38,239)
Stock Options Exercised (Note 8) 28 14 221 235
Stock Issued to ESOP (Note 10) 2,984 1,492 55,138 56,630
Shares Issued to Directors 8 4 153 157
Unearned Compensation – Restricted
Stock Awards (Note 8) 804 402 20,108 (14,260) 6,250
Balance January 30, 1998 350,632 175,316 892,666 1,565,133 (32,694) 188 2,600,609
Comprehensive Income:
Net Earnings 482,422
Other comprehensive income, net
of income taxes and reclassification
adjustments: Unrealized Gain on
Available-for-Sale Securities (Note 8) 229
Total Comprehensive Income 482,651
Tax Effect of Non-qualified
Stock Options Exercised 3,796 3,796
Cash Dividends (41,171) (41,171)
Stock Options Exercised (Note 8) 610 305 11,835 12,140
Stock Issued to ESOP (Note 10) 1,652 826 59,248 60,074
Shares Issued to Directors 12 6 469 475
Unearned Compensation – Restricted
Stock Awards (Note 8) (263) (132) 15,203 2,307 17,378
Balance January 29, 1999 352,643 $176,321 $983,217 $2,006,384 $(30,387) $ 417 $3,135,952
See accompanying notes to consolidated financial statements.
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