EXPERIENCEBUSINESS - Harley-Davidson

HARLEY- DAVIDSON, INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
(In thousands, except share amounts)
Common Stock Additional Retained Other comprehensive Unearned
Issued shares Balance paid-in capital earnings income (loss) Treasury stock compensation Total
Balance December 31, 1997 314,482,882 $3,144 $185,608 $ 683,824 $(2,835) $ (41,959) $(1,114) $ 826,668
Comprehensive income:
Net income — — — 213,500 — — — 213,500
Other comprehensive income :
Foreign currency translation adjustment,
net of taxes of ($2,278) — — — — 3,963 — — 3,963
Comprehensive income 217,463
Dividends — — — (24,153) — — — (24,153)
Repurchase of common stock — — — — — (15,175) — (15,175)
Acquisition of Buell Motorcycle Company — — 996 — — 1 — 997
Amortization of unearned compensation — — — — — — 315 315
Exercise of stock options 2,328,286 24 11,109 — — — — 11,133
Tax benefit of stock options — — 12,663 — — — — 12,663
Balance December 31, 1998 316,811,168 $3,168 $210,376 $ 873,171 $ 1,128 $ (57,133) $ (799) $1,029,911
Comprehensive income:
Net income — — — 267,201 — — — 267,201
Other comprehensive income (loss):
Foreign currency translation adjustment,
net of tax benefit of $355 — — — — (618) — — (618)
Change in net unrealized gains on
investment in retained securitization
interests, net of taxes of ($1,562) — — — — 2,900 — — 2,900
Minimum pension liability adjustment,
net of tax benefit of $3,606 — — — — (5,477) — — (5,477)
Comprehensive income 264,006
Dividends — — — (26,996) — — — (26,996)
Repurchase of common stock — — — — — (130,284) — (130,284)
Cancellation of nonvested stock — — — — — (575) 230 (345)
Amortization of unearned compensation — — — — — — 200 200
Exercise of stock options 1,774,976 16 9,068 — — — — 9,084
Tax benefit of stock options — — 15,504 — — — — 15,504
Balance December 31, 1999 318,586,144 $3,184 $234,948 $1,113,376 $(2,067) $(187,992) $ (369) $1,161,080
Comprehensive income:
Net income — — — 347,713 — — — 347,713
Other comprehensive income (loss):
Foreign currency translation adjustment,
net of tax benefit of $2,412 — — — — (4,383) — — (4,383)
Change in net unrealized gains on
investment in retained securitization
interests, net of taxes of ($3,759) — — — — 6,981 — — 6,981
Minimum pension liability adjustment,
net of tax benefit of $120 — — — — (223) — — (223)
Comprehensive income 350,088
Dividends — — — (30,072) — — — (30,072)
Repurchase of common stock — — — — — (126,002) — (126,002)
Amortization of unearned compensation — — — — — — 93 93
Exercise of stock options 2,599,423 26 14,566 — — — — 14,592
Tax benefit of stock options — — 35,876 — — — — 35,876
Balance December 31, 2000 321,185,567 $3,210 $285,390 $1,431,017 $ 308 $(313,994) $ (276) $1,405,655
The accompanying notes are an integral part of the consolidated financial statements.
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