FORM 10-K - Harman

HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
Year Ended June 30, 2009, 2008 and 2007
Common Stock
Accumulated
Additional Other
Paid-in Comprehensive
Capital Income (Loss) Retained
$.01
Total
Number of Par
Treasury Shareholders’
($ in thousands)
Shares Value
Earnings Stock Equity
Balance, June 30, 2006 ................ 66,064,727 $827 $544,871 $ 49,224 $1,144,070 $ (510,828) $1,228,164
Comprehensive income:
Net income .......................... — — — — 313,963 — 313,963
Foreign currency translation adjustment . . . — — — 34,199 — — 34,199
Unrealized loss on hedging derivatives .... — — — 2,757 — — 2,757
Pension liability adjustment ............. — — — 3,264 — — 3,264
Total comprehensive income ............ — — — 40,220 313,963 — 354,183
Exercise of stock options, net of shares
received .......................... 682,074 7 25,108 — — — 25,115
Excess tax benefit from stock option
exercise ........................... — — 10,456 — — — 10,456
Adoption of SFAS No. 158 (net of tax) .... (7,253) (7,253)
Share-based compensation .............. — — 15,418 — — — 15,418
Treasury shares purchased .............. (1,507,900) — — — — (128,780) (128,780)
Dividends ($0.05 per share) ............. — — — — (3,262) — (3,262)
Balance, June 30, 2007 ................ 65,238,901 834 595,853 82,191 1,454,771 (639,608) 1,494,041
Comprehensive income:
Net income .......................... — — — — 107,786 — 107,786
Foreign currency translation adjustment . . . — — — 106,327 — — 106,327
Unrealized gain on hedging derivatives .... — — — (818) — — (818)
Pension liability adjustment ............. — — — 3,831 — — 3,831
Total comprehensive income ............ — — — 109,340 107,786 — 217,126
Exercise of stock options, net of shares
received .......................... 680,900 7 4,516 — — — 4,523
Excess tax benefit from stock option
exercise ........................... — — 5,321 — — — 5,321
Share-based compensation .............. — — 22,634 — — — 22,634
Treasury share purchased ............... (7,401,735) — — — — (407,962) (407,962)
Dividends ($0.05 per share) ............. — — — — (3,056) — (3,056)
Adoption of FIN 48 ................... — — — — 7,219 — 7,219
Balance, June 30, 2008 ................ 58,518,066 841 628,324 191,531 1,566,720 (1,047,570) 1,339,846
Comprehensive loss:
Net loss ............................. — — — — (422,551) — (422,551)
Foreign currency translation adjustment . . . — — — (120,251) — — (120,251)
Unrealized loss on hedging derivatives .... — — — (7,713) — — (7,713)
Pension liability adjustment ............. — — — (1,874) — — (1,874)
Unrealized loss on available-for-sale
securities .......................... — — — (4,495) — — (4,495)
Total comprehensive loss ............... — — — (134,333) (422,551) — (556,884)
Issuance of common stock .............. 10,667,000 107 189,723 — — — 189,830
Exercise of stock options, net of shares
received .......................... 144,712 1 142 — — — 143
Excess tax benefit from stock option
exercise ........................... — — 126 — — — 126
Share-based compensation .............. — — 9,157 — — — 9,157
Dividends ($0.05 per share) ............. — — — — (2,207) — (2,207)
Deferred taxes relating to share-based
compensation ...................... — — (6,186) — — — (6,186)
Balance, June 30, 2009 ................ 69,329,778 $949 $821,286 $ 57,198 $1,141,962 $(1,047,570) $ 973,825
See accompanying notes to consolidated financial statements.
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