Nu Skin 2010 Annual Report - Direct Selling News

NU SKIN ENTERPRISES, INC.
Consolidated Statements of Stockholders’ Equity and Comprehensive Income
(U.S. dollars in thousands)
Class A
Common
Stock
Additional
Paid-in Capital
Treasury Stock
Accumulated
Other
Comprehensive
Loss
Retained
Earnings
Balance at January 1, 2008 $ 91 $ 209,821 $ (413,976) $ (67,759) $ 546,832 $ 275,009
Comprehensive income:
Net income — — — — 65,347 65,347
Foreign currency translation adjustment — — — (2,302) — (2,302)
Total comprehensive income 63,045
Repurchase of Class A common stock (Note 10) — — (6,093) — — (6,093)
Exercise of employee stock options (401,000 shares) — 772 3,052 — — 3,824
Excess tax benefit from equity awards — 1,062 — — — 1,062
Stock-based compensation — 7,273 — — — 7,273
Cash dividends — — — — (27,940) (27,940)
Balance at December 31, 2008 91 218,928 (417,017) (70,061) 584,239 316,180
Comprehensive income:
Net income — — — — 89,845 89,845
Foreign currency translation adjustment — — — 1,830 — 1,830
Net unrealized gains on foreign currency cash
fl owh e d g e s — — — 97 — 97
Total comprehensive income 91,772
Repurchase of Class A common stock (Note 10) — — (21,144) — — (21,144)
Exercise of employee stock options (614,000 shares)/
vesting of stock awards — 1,633 4,594 — — 6,227
Excess tax benefit from equity awards — 1,669 — — — 1,669
Stock-based compensation — 9,989 — — — 9,989
Cash dividends — — — — (29,006) (29,006)
Balance at December 31, 2009 91 232,219 (433,567) (68,134) 645,078 375,687
Comprehensive income:
Net income — — — — 136,051 136,051
Foreign currency translation adjustment — — — 9,661 — 9,661
Net unrealized gains on foreign currency cash
fl owh e d g e s — — — 60 — 60
Less: reclassification adjustment for realized
gains in current earnings — — — (126) — (126)
Total comprehensive income 145,646
Repurchase of Class A common stock (Note 10) — — (58,516) — — (58,516)
Reclassification of treasury shares held by subsidiary 3,122 (3,122) — — —
Exercise of employee stock options (1.5 million shares)/
vesting of stock awards — 2,724 18,457 — — 21,181
Excess tax benefit from equity awards — 7,605 — — — 7,605
Stock-based compensation — 10,835 — — — 10,835
Cash dividends — — — — (31,189) (31,189)
Balance at December 31, 2010 $ 91 $ 256,505 $ (476,748) $ (58,539) $ 749,940 $ 471,249
Total
The accompanying notes are an integral part of these consolidated financial statements.
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