Bemis Company 2007 Annual Report - IR Solutions

BEMIS COMPANY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF STOCKHOLDERS’ EQUITY
(dollars in thousands, except per share amounts)
Accumulated
Capital In Other Common Total
Common Excess of Retained Comprehensive Stock Held Stockholders’
Stock Par Value Earnings Income (Loss) In Treasury Equity
Balance at December 31, 2004 $11,575 $263,266 $1,251,695 $31,674 $(250,344) $1,307,866
Net income 162,529 162,529
Unrecognized gain on derivative,
net of tax $2,371 3,708 3,708
Unrecognized gain reclassified to
earnings, net of tax $(266) (417) (417)
Translation adjustment 4,178 4,178
Pension liability adjustment, net
of tax effect $(4,322) (6,437) (6,437)
Total comprehensive income 163,561
Cash dividends paid on common
stock $0.72 per share (76,634) (76,634)
Stock incentive programs and
related tax effects (228,557 shares) 23 4,008 4,031
Purchase of 1,869,710 shares
of common stock (49,469) (49,469)
Balance at December 31, 2005 11,598 267,274 1,337,590 32,706 (299,813) 1,349,355
Net income 176,296 176,296
Unrecognized gain reclassified to
earnings, net of tax $(337) (526) (526)
Translation adjustment 60,850 60,850
Pension liability adjustment, net
of tax effect $(15,988) 24,794 24,794
Total comprehensive income 261,414
Adjustment to initially apply
FAS No. 158, net of tax $55,076 (88,726) (88,726)
Cash dividends paid on common
stock $0.76 per share (82,139) (82,139)
Stock incentive programs and
related tax effects (135,601 shares) 13 2,914 2,927
Impact of adopting FAS No. 123(R) 35,295 35,295
Share-based compensation 11,694 11,694
Purchase of 600,000 shares
of common stock (17,804) (17,804)
Balance at December 31, 2006 11,611 317,177 1,431,747 29,098 (317,617) 1,472,016
Net income 181,554 181,554
Unrecognized gain reclassified to
earnings, net of tax $(337) (527) (527)
Translation adjustment 122,387 122,387
Pension liability adjustment, net
of tax effect ($11,942) 20,204 20,204
Total comprehensive income 323,618
Adjustment to initially apply
FIN No. 48 167 167
Cash dividends paid on common
stock $0.84 per share (89,809) (89,809)
Stock incentive programs and
related tax effects (826,779 shares) 83 (14,745) (14,662)
Excess tax benefit from share-based
compensation arrangements 6,908 6,908
Share-based compensation 18,047 18,047
Purchase of 5,150,000 shares
of common stock (153,953) (153,953)
Balance at December 31, 2007 $11,694 $327,387 $1,523,659 $171,162 $(471,570) $1,562,332
See accompanying notes to consolidated financial statements.
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