COMPREHENSIVE INCOME. Cash dividends ($.56 per share)............ -------- 7,586 -------- $109,588 ======== -- (25,408) -- -- (25,408) Exercise of employee stock options and related income tax benefits.............. -- 6,618 -- 21,698 28,316 Purchase of common stock for treasury...... BALANCE, JANUARY 3, 1999................... -- ------- 60,102 -- -------- 623,591 -- -------- 3,729 (41,217) --------- (287,755) (41,217) -------- 399,667 Comprehensive income: Net income............................... $154,316 -- 154,316 -- -- 154,316 Other comprehensive income (loss), net of tax: Foreign currency translation adjustments.......................... (17,804) -- -- (17,804) -- (17,804)
COMPREHENSIVE INCOME. The related tax effects allocated to each component of other comprehensive income are as follows: (dollars in thousands) Tax Before-Tax (Expense) Net-of-Tax Balance at December 31, 1998 Amount Or Benefit Amount Unrealized Gains on Securities: Unrealized Holding Gains Rising during Period 2,447 (839) 1,608 Less: Reclassification Adjustment for Gains Realized in Income 5,880 (2,193) 3,687 Net Unrealized Loss on Securities (3,433) 1,354 (2,079) Other Comprehensive Income (3,433) 1,354 (2,079) Balance at December 31, 1999 Unrealized Gains on Securities: Unrealized Holding Gains Rising during Period 91 (40) 51 Less: Reclassification Adjustment for Losses Realized in Income (1,517) 566 (951) Net Unrealized Loss on Securities (1,426) 526 (900) Other Comprehensive Income (1,426) 526 (900) Balance at December 31, 2000 Unrealized Gains on Securities: Unrealized Holding Losses Rising during Period (863) 288 (575) Less: Reclassification Adjustment for Gains Realized in Income 438 (167) 271 Net Unrealized Loss on Securities (425) 121 (304) Other Comprehensive Income (425) 121 (304) 13. Stock-Based Compensation The 1998 Stock Incentive Plan (the Plan), as amended, allows the Company to grant to employees and directors various stock awards, including stock options, which are granted at prices not less than the fair market value at the date of grant and restricted stock. A maximum of 2.6 million shares was approved to be issued under the Plan. On December 31, 2000, options for 1,619,442 shares have been granted. The stock options may be granted over a period not to exceed 10 years and generally vest from one to five years from the date of grant. The changes in outstanding options are as follows: Balance at December 31, Shares under Option - Weighted-Average Exercise Price Per Share - 1997 Granted 651,872 29.807 Balance at December 31, 1998 651,872 29.807 Granted 531,100 32.277 Exercised (32,000) 29.807 Balance at December 31, 1999 1,150,972 30.959 Granted 436,470 40.190 Exercised (52,484) 29.505 Forfeited (139,730) 31.822 Balance at December 31, 2000 1,395,228 33.214 Stock options outstanding and exercisable on December 31, 2000, are as follows: Range of Exercise Prices Per Share Outstanding: Shares under Option Weighted-Average Exercise Price Per Share Weighted-Average Remaining Contractual Life in Years 27.438-38.750 1,138,928 30.903 9.74 38.751-48.438 256,300 43.482 9.74 Exercisable: 1,395,228 33.214 9.74 27.438-38.750 423,081 28.470 9.74 38.751-48.438 27,760 46.680 9....
COMPREHENSIVE INCOME. Net income................... $264,464 28,415 $28,415 42,479 $425 $126,339 $142,078 28,415 $(4,378) Other comprehensive loss: Foreign currency translation adjustment... Tax on other comprehensive loss..................... (1,761) (1,761) 616 (1,761) Other comprehensive loss... (1,145) Total comprehensive income... $27,270 ======= Stock compensation........... 1,755 1,755 Repurchase and retirement of common stock............... (3,265) (576) (6) (3,259) Stock options exercised...... 1,279 260 3 1,276 Balance, December 31, 2001..... 290,887 42,163 422 126,111 170,493 (6,139) Comprehensive income: Net income................... 28,365 $28,365 28,365 Other comprehensive income: Foreign currency translation adjustment... 7,543 7,543 7,543 Tax on other comprehensive income................... (2,640) Other comprehensive income... 4,903 Total comprehensive income..... $33,268 ======= Stock compensation........... 2,072 2,072 Repurchase and retirement of common stock............... (7,018) (586) (6) (7,012) Stock options exercised...... 3,608 749 7 3,601 Balance, December 31, 2002..... 325,457 42,326 423 124,772 198,858 1,404 Comprehensive income: Net income................... 28,181 $28,181 28,181 Other comprehensive income: Foreign currency translation adjustment... 3,623 3,623 3,623 Tax on other comprehensive income................... (1,268) Other comprehensive income................... 2,355 Total comprehensive income... $30,536 ======= Stock compensation........... 3,583 3,583 Repurchase and retirement of common stock............... (5,316) (464) (5) (5,311) Stock options exercised...... 2,037 266 3 2,034 Balance, December 31, 2003..... $357,565 42,128 $421 $125,078 $227,039 $ 5,027 ======== ====== ==== ======== ======== ======= See accompanying notes to consolidated financial statements. 40 CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, --------------------------------- 2003 2002 2001 --------- --------- --------- (DOLLARS IN THOUSANDS) CASH FLOWS FROM OPERATING ACTIVITIES: Net Income................................................ $ 28,181 $ 28,365 $ 28,415 Adjustments to reconcile cash provided by operating activities: Provision for credit losses............................. 10,459 23,935 14,034 Depreciation............................................ 4,469 4,718 4,652 Depreciation of leased assets........................... 4,210 9,669 12,485 Gain on securitization clean-up......................... -- -- (1,082) Loss on retirement o...
COMPREHENSIVE INCOME. The changes in Accumulated other comprehensive loss, net of tax, are as follows: Foreign currency (In thousands) Balance at December 31, 2015 $ 25,573 Other comprehensive income 1,182 Balance at September 30, 2016 $ 24,391
COMPREHENSIVE INCOME. On January 1, 1998, the Company adopted Statement of Financial Accounting Standards No. 130 (SFAS 130), "Reporting Comprehensive Income." SFAS 130 establishes standards for reporting and presentation of comprehensive income and its components in a full set of financial statements. Comprehensive income consists of net income and net unrealized gains (losses) on securities and is presented in the consolidated statements of changes in stockholders' equity and comprehensive income. The statement requires only additional disclosures in the consolidated financial statements; it does not affect the Company's financial position, results of operations or cash flows. Prior year financial statements have been reclassified to conform to the requirements of SFAS 130. FIRST CAPITAL, INC. AND SUBSIDIARY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED JUNE 30, 1999 AND 1998
COMPREHENSIVE INCOME. The pre-tax, tax, and after-tax effects of the components of other comprehensive income are shown below: YEARS ENDED SEPTEMBER 30 PRE-TAX TAX AFTER-TAX (DOLLARS IN MILLIONS) 1999 Foreign currency translation adjustments.................... $(17) $-- $(17)
COMPREHENSIVE INCOME. Cash dividends ($.56 per share)............ -------- (17,769) -------- $136,547 ======== -- (25,499) -- -- (25,499) Exercise of employee stock options and related income tax benefits.............. -- 8,369 -- 20,264 28,633 Issuance of common stock for employee benefit plans............................ -- 1,232 -- 11,166 12,398 Purchase of common stock for treasury...... BALANCE, JANUARY 2, 2000................... -- ------- $60,102 ======= -- -------- $762,009 ======== -- -------- $(14,040) ======== (970) --------- $(257,295) ========= (970) -------- $550,776 ======== The accompanying notes are an integral part of these consolidated financial statements. PERKINELMER, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS FOR THE THREE YEARS ENDED JANUARY 2, 2000 (DOLLARS IN THOUSANDS) 1999 1998 1997 ---------------------- --------- --------- -------- Operating Activities:
COMPREHENSIVE INCOME. The following table summarizes the components of accumulated other comprehensive income, (in thousands): December 31, 1999 1998 1997 -------------------------------- Foreign currency translation adjustment $105 $107 $ -- Unrealized gain on available-for-sale securities 101 2 44 -------------------------------- Accumulated other comprehensive income $206 $109 $ 44 Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. Intercompany transactions and balances have been eliminated in consolidation. Segment Information The Company operates in one business segment, which is the development, production and marketing of medical products for the treatment of common vision problems. The Chief Executive Officer has been identified as the Chief Operating Decision Maker (CODM) because he has final authority over resource allocation decisions and performance assessment. Concentration of Credit Risk and Other Risks Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents, short-term investments and accounts receivables. The Company generally does not require collateral. The Company maintains allowances for credit losses, and such losses have been within management's expectations. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. In accordance with Statement of Financial Accounting Standards No. 121, "Accounting for the Impairment of Long-Lived Assets and for Long- Lived Assets to be Disposed Of," the Company continually reviews long- lived assets for indications of impariment. If indicators of impairment are identified, reconverability is assessed based upon an undiscounted cash flow analysis. Impairments, if any, are recognized in operating results in the period in which a permanent diminuation in value is determined, as measured by a discounted cash flow analysis. Depreciation and Amortization Depreciation is provided on a straight-line basis over assets' estimated useful lives of three to five years. Assets acquired under capital leases are amortized on a straight-line basis over the lesser of the assets' useful life or the term of the lease. Cash and Investments The ...
COMPREHENSIVE INCOME. Comprehensive income is defined as the change in equity of a business enterprise from transactions and other events and circumstances from nonowner sources and includes all changes in equity except those resulting from investments by owners and distributions to owners. The components of accumulated other comprehensive income are as follows for the periods indicated (in thousands): FOREIGN MINIMUM ACCUMULATED CURRENCY PENSION OTHER TRANSLATION LIABILITY COMPREHENSIVE ADJUSTMENT ADJUSTMENT INCOME ----------- ---------- ------------- Balance, December 31, 1996.............. $ (95,056) $(18,885) $(113,941) Current-period change................. (180,744) 11,492 (169,252) --------- -------- --------- Balance, December 31, 1997.............. (275,800) (7,393) (283,193) Current-period change................. (77,842) (59,769) (137,611) --------- -------- --------- Balance, December 31, 1998.............. $(353,642) $(67,162) $(420,804) ========= ======== =========
COMPREHENSIVE INCOME. The components of comprehensive income include net income and certain other amounts reported directly in equity. Comprehensive income for the three months ended March 31, 2004 and 2003 is as follows (in $000's): THREE MONTHS ENDED MARCH 31, -------------------- 2004 ------- 2003 ---------- (RESTATED) Net income.................................................. $58,778 $13,252 Net unrealized gains on securities available for sale....... 7,433 1,926 Reversal of unrealized gains on marketable securities sold...................................................... (4,900) -- Comprehensive income........................................ ------- $61,311 ======= ------- $15,178 ======= 13. SEGMENT REPORTING The Company has six operating segments consisting of: (i) hotel and casino operating properties, (ii) land, house and condominium development, (iii) rental real estate, (iv) hotel and resort operating properties, (v) investment in oil and gas operating properties and (vi) investment in securities including investment in other limited partnerships and marketable equity and debt securities. The Company's reportable segments offer different services and require different operating strategies and management expertise. There have been no material changes in segment assets since December 31, 2003. The Company assesses and measures segment operating results based on segment earnings from operations as disclosed below. Segment earnings from operations are not necessarily indicative of cash available to fund cash requirements nor synonymous with cash flow from operations. The revenues and net earnings for each of the reportable segments are summarized as follows for the three months ended March 31, 2004 and 2003 (in $000's): THREE MONTHS MARCH 31, -------------------- 2004 ------- 2003 ---------- (RESTATED) Revenues: Hotel and casino operating income......................... $45,367 $ 39,785 Land, house and condominium sales......................... 5,014 4,860 Rental real estate........................................ 6,097 6,228 Hotel and resort operating income......................... 2,104 2,073 Oil and gas operating properties.......................... 10,523 10,624 Other investments......................................... Subtotal............................................. 4,564 ------- 73,669 4,344 -------- 67,914 Reconciling items--primarily interest income on U.S. Government obligations.................................... 1,153 1,116 ------- -------- Total re...
