Pier 1 2009 Annual Report Download - page 49
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Pier 1 Imports, Inc.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(in thousands except per share amounts)
Cumulative
Common Stock Other Total
Outstanding Paid-in Retained Comprehensive Treasury Unearned Shareholders’
Shares Amount Capital Earnings Income (Loss) Stock Compensation Equity
Balance February 25, 2006 ........... 86,939 $100,779 $132,075 $ 582,221 $ (583) $(222,254) $(2,256) $ 589,982
Comprehensive income (loss):
Net loss ..................... — — — (227,645) — — — (227,645)
Other comprehensive income (loss), net
of tax as applicable:
Minimum pension liability adjustments . — — — — 7,172 — — 7,172
Currency translation adjustments .... — — — — (2,550) — — (2,550)
Comprehensive loss ............... (223,023)
Adjustment to initially apply SFAS No. 158 . — — — — (1,631) — — (1,631)
Restricted stock compensation ......... 185 — (4,280) — — 2,994 2,256 970
Stock option compensation expense ...... — — 4,494 — — — — 4,494
Exercise of stock options, stock purchase
plan and other ................. 674 — (1,873) — — 9,596 — 7,723
Cash dividends ($.20 per share) ........ — — — (17,398) — — — (17,398)
Balance March 3, 2007 ............. 87,798 100,779 130,416 337,178 2,408 (209,664) — 361,117
Implementation of FIN 48 ........... — — — (5,073) — — — (5,073)
Comprehensive loss:
Net loss ..................... — — — (96,011) — — — (96,011)
Other comprehensive income (loss), net
of tax as applicable:
Pension adjustments ............ — — — — (3,017) — — (3,017)
Currency translation adjustments .... — — — — 982 — — 982
Comprehensive loss ............... (98,046)
Restricted stock compensation ......... 281 — (2,974) — — 4,533 — 1,559
Stock option compensation expense ...... — — 4,278 — — — — 4,278
Exercise of stock options, stock purchase
plan and other ................. 528 — (4,925) — — 8,834 — 3,909
Balance March 1, 2008 ............. 88,607 100,779 126,795 236,094 373 (196,297) — 267,744
Comprehensive loss:
Net loss ..................... — — — (129,253) — — — (129,253)
Other comprehensive income (loss), net
of tax as applicable:
Pension adjustments ............ — — — — 2,016 — — 2,016
Currency translation adjustments .... — — — — (3,584) — — (3,584)
Comprehensive loss ............... (130,821)
Restricted stock compensation ......... 245 — (2,298) — — 3,947 — 1,649
Stock option compensation expense ...... — — 3,528 — — — — 3,528
Exercise of stock options, stock purchase
plan and other ................. 1,022 — (14,699) — — 16,860 — 2,161
Balance February 28, 2009 ........... 89,874 $100,779 $113,326 $ 106,841 $(1,195) $(175,490) $ — $ 144,261
The accompanying notes are an integral part of these financial statements.
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