Best Buy 2000 Annual Report Download - page 36

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34
$ in thousands
Additional
Common Paid-In Retained
Stock Capital Earnings
Balances at March 1, 1997 $ 4,329 $ 241,300 $ 183,167
Stock options exercised 134 14,056 –
Tax benefit from stock options exercised – 10,642 –
Conversion of preferred securities – 146 –
Net earnings – – 81,938
Balances at February 28, 1998 4,463 266,144 265,105
Stock options exercised 199 21,381 –
Tax benefit from stock options exercised – 40,428 –
Conversion of preferred securities 509 221,896 –
May 1998 two-for-one stock split 5,016 (5,016) –
Repurchase of common stock (6) (2,456) –
Net earnings – – 216,282
Balances at February 27, 1999 10,181 542,377 481,387
Stock options exercised 408 32,713 –
Tax benefit from stock options exercised – 79,300 –
March 1999 two-for-one stock split 10,190 (10,190) –
Repurchase of common stock (741) (396,710) –
Net earnings – – 347,070
Balances at February 26, 2000 $ 20,038 $ 247,490 $ 828,457
See Notes to Consolidated Financial Statements.
Consolidated Statements of Changes in Shareholders’ Equity