Consolidated Statements of Stockholders’ Equity 45
For the Years Ended December 31, 2004, 2003 and 2002 (In thousands)
Balances, January 1, 2002 . . . . . . . . . . . . . . . . . . . . . . . . 157,396 $ 1,637 $ 2,049,841 $ — $ (129,399) $ 597,771 $ (9,150) $ 2,510,700
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 292,435 — 292,435
Currency translation adjustment  . . . . . . . . . . . . . . . . . . . — — — — — — 6,085 6,085
Derivative loss from unconsolidated affiliate, net  . . . . . . . — — — — — — (5,821) (5,821)
Total comprehensive income . . . . . . . . . . . . . . . . . . . . . . — — — — — — — 292,699
Issuance of restricted stock  . . . . . . . . . . . . . . . . . . . . . . 903 — 12,000 (31,769) 19,769 — — —
Cancellation of restricted stock  . . . . . . . . . . . . . . . . . . . . (6) — — 212 (212) — — —
Amortization of deferred compensation . . . . . . . . . . . . . . — — — 4,523 — — — 4,523
Issuance of common stock upon
exercise of stock options  . . . . . . . . . . . . . . . . . . . . . . 2,707 27 45,735 — — — — 45,762
Purchases of treasury stock  . . . . . . . . . . . . . . . . . . . . . . (6,426) — — — (207,590) — — (207,590)
Tax benefit from stock option exercises . . . . . . . . . . . . . . — — 18,050 — — — — 18,050
Balances, December 31, 2002 . . . . . . . . . . . . . . . . . . . . . 154,574 1,664 2,125,626 (27,034) (317,432) 890,206 (8,886) 2,664,144
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 243,697 — 243,697
Currency translation adjustment  . . . . . . . . . . . . . . . . . . . — — — — — — 12,313 12,313
Derivative income from unconsolidated affiliate, net  . . . . — — — — — — 2,918 2,918
Total comprehensive income . . . . . . . . . . . . . . . . . . . . . . — — — — — — — 258,928
Cancellation of restricted stock  . . . . . . . . . . . . . . . . . . . . (10) — (54) 352 (298) — — —
Issuance of stock options to non-employees  . . . . . . . . . . — — 313 (313) —— — —
Amortization of deferred compensation . . . . . . . . . . . . . . — — — 7,821 — — — 7,821
Issuance of common stock upon
exercise of stock options  . . . . . . . . . . . . . . . . . . . . . . 1,875 19 36,235 — — — — 36,254
Purchases of treasury stock  . . . . . . . . . . . . . . . . . . . . . . (13,343) — — — (442,864) — — (442,864)
Tax benefit from stock option exercises . . . . . . . . . . . . . . — — 9,505 — — — — 9,505
Balances, December 31, 2003 . . . . . . . . . . . . . . . . . . . . . 143,096 1,683 2,171,625 (19,174) (760,594) 1,133,903 6,345 2,533,788
Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — 412,332 — 412,332
Currency translation adjustment  . . . . . . . . . . . . . . . . . . . — — — — — — (10,336) (10,336)
Derivative income from unconsolidated affiliate, net  . . . . — — — — — — 2,824 2,824
Total comprehensive income . . . . . . . . . . . . . . . . . . . . . . — — — — — — — 404,820
Cancellation of restricted stock  . . . . . . . . . . . . . . . . . . . . (32) — (64) 1,126 (1,062) — — —
Amortization of deferred compensation . . . . . . . . . . . . . . — — — 7,170 — — — 7,170
Issuance of common stock upon
exercise of stock options  . . . . . . . . . . . . . . . . . . . . . . 5,306 53 135,857 — — — — 135,910
Purchases of treasury stock  . . . . . . . . . . . . . . . . . . . . . . (8,000) — — — (348,895) — — (348,895)
Tax benefit from stock option exercises . . . . . . . . . . . . . . — — 38,911 — — — — 38,911
Balances, December 31, 2004 . . . . . . . . . . . . . . . . . . . . . 140,370 $ 1,736 $ 2,346,329 $ (10,878) $(1,110,551) $1,546,235 $ (1,167) $ 2,771,704
The accompanying notes are an integral part of these consolidated financial statements.
Common Stock Capital in Accumulated Other Total
Shares Par Excess of Deferred Treasury Retained Comprehensive Stockholders’
Outstanding Value Par Value Compensation Stock Earnings Income (Loss) Equity