Burnham Holdings, Inc.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Burnham Holdings, Inc. 2012 Annual Report
Preferred Stock Class A
Common
Stock
Years Ended December 31, 2012 and 2011
(In thousands, except per share data)
Class B
Convertible
Common
Stock
Balance at January 1, 2011 $530 $3,323 $1,591) $14,350 $94,275) $(22,171) $(17,958) $73,940)
Exercise of stock options:
12,272 shares of common stock – 12 –) 158 –) –) –) 170)
Conversion of common stock
Cash dividends declared:
– 68 (68) – –)) –) –) –)
Preferred stock – 6% – – –) – (18)) –) –) (18)
Common stock – ($0.68 per share) – – –) – (3,037)) –) –) (3,037)
Net income for the year
Change in fair value of derivatives,
hedges, and investments,
– – – – 5,083)) –) –) 5,083)
net of $384 of tax
Pension liability adjustment,
– –) – –) _ (761) –) (761)
net of $6,161 of tax
Postretirement medical liability
– – –) – – (10,952) –) (10,952)
adjustment, net of $19 of tax – – –) – – (33) –) (33)
Balance at December 31, 2011 $530 $3,403 $1,523) $14,508 $96,303) )$(33,917) $(17,958) $64,392)
Exercise of stock options:
18,199 shares of common stock
Cost of 290 shares of common stock
– 18 –) 219 –) –) –) 237)
acquired for treasury –) –) – –) –) (4) (4)
Conversion of common stock
Cash dividends declared:
– 2 (2) – –) –) –) –)
Preferred stock – 6% – – –) – (18) –) –) (18)
Common stock – ($0.72 per share) – – –) – (3,226) –) –) (3,226)
Net income for the year
Change in fair value of derivatives, hedges,
– – – – 8,227) –) –) 8,227)
and investments, net of $(13) of tax
Pension liability adjustment,
– –) – –) _ 126) –) 126)
net of $595 of tax
Postretirement medical liability
– – –) – – (1,058) –) (1,058)
adjustment, net of ($121) of tax – – –) – – 215) –) 215)
Balance at December 31, 2012 $530 $3,423 $1,521) $14,727 $101,286) )$(34,634) $(17,962) $68,891)
The accompanying notes are an integral part of these consolidated financial statements.
20
Additional
Paid-in
Capital
Retained
Earnings
Accumulated
Other Comprehensive
Income
(Loss)
Treasury
Stock,
at Cost
Stockholders’
Equity