FORM 10-K/A GAMCO Investors, Inc. - Gabelli
FORM 10-K/A GAMCO Investors, Inc. - Gabelli
FORM 10-K/A GAMCO Investors, Inc. - Gabelli
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(In thousands)<br />
See accompanying notes.<br />
<strong>GAMCO</strong> INVESTORS, INC. AND SUBSIDIARIES<br />
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY<br />
Accumulated<br />
Other<br />
Common<br />
Stock<br />
Additional<br />
Paid-in<br />
Capital<br />
Retained<br />
Earnings(a) (b)<br />
Comprehensive<br />
(Loss) / Gain<br />
Treasury<br />
Stock Total (a)(b)<br />
Balance at December 31, 2003 $ 31 $ 143,475 $ 257,266 $ 1,480 $ (23,941) $ 378,311<br />
Cumulative effect of change in accounting principle - - (2<strong>10</strong>) - - (2<strong>10</strong>)<br />
Balance at December 31, 2003, as restated - - $ 257,056 - - $ 378,<strong>10</strong>1<br />
Comprehensive income:<br />
Net income - - 62,591 - - 62,591<br />
Other comprehensive gain:<br />
Net unrealized losses on securities<br />
available for sale, net of management<br />
fees and income tax benefit of $1,198 - - - (1,533) - (1,533)<br />
Total comprehensive income 61,058<br />
Dividends declared - - (51,306) - - (51,306)<br />
Stock based compensation expense - 1,819 - - - 1,819<br />
Purchase and retirement of mandatory<br />
convertible securities - 45 - - - 45<br />
Exercise of stock options including tax benefit - 4,090 - - - 4,090<br />
Proceeds from early settlement of<br />
purchase contracts - 11,740 - - - 11,740<br />
Capitalized costs - (116) - - - (116)<br />
Purchase of treasury stock - - - - (70,731) (70,731)<br />
Balance at December 31, 2004 $ 31 $ 161,053 $ 268,341 $ (53) $ (94,672) $ 334,700<br />
Comprehensive income:<br />
Net income - - 63,941 - - 63,941<br />
Other comprehensive gain:<br />
Net unrealized gains on securities<br />
available for sale, net of management<br />
fees and income tax expense of $438 - - - 564 - 564<br />
Foreign currency translation - - - 15 - 15<br />
Total comprehensive income 64,520<br />
Dividends declared - - (2,819) - - (2,819)<br />
Tender for employee stock options - (9,665) - - - (9,665)<br />
Stock based compensation expense - 2,770 - - - 2,770<br />
Exercise of stock options including tax benefit - 1,659 - - - 1,659<br />
Proceeds from settlement of purchase contracts 2 70,567 - - - 70,569<br />
Capitalized costs - (31) - - - (31)<br />
Purchase of treasury stock - - - - (37,201) (37,201)<br />
Balance at December 31, 2005 $ 33 $ 226,353 $ 329,463 $ 526 $ (131,873) $ 424,502<br />
Comprehensive income:<br />
Net income - - 71,927 - - 71,927<br />
Other comprehensive gain:<br />
Net unrealized gains on securities<br />
available for sale, net of management<br />
fees and income tax expense of $7,649 - - - 9,834 - 9,834<br />
Foreign currency translation - - - 67 - 67<br />
Total comprehensive income 81,828<br />
Dividends declared - - (3,413) - - (3,413)<br />
Discount on debt amendment - 633 - - - 633<br />
Excess tax benefit for exercised stock options - 1,782 - - - 1,782<br />
Stock based compensation expense - 53 - - - 53<br />
Exercise of stock options including tax benefit - 878 - - - 878<br />
Capitalized costs - - (84) - - (84)<br />
Purchase of treasury stock - - - - (54,603) (54,603)<br />
Balance at December 31, 2006 $ 33 $ 229,699 $ 397,893 $ <strong>10</strong>,427 $ (186,476) $ 451,576<br />
(a) Restated as described in note A of item 8 of this report on Form <strong>10</strong>-K/A.<br />
(b) Restated as described in the explanatory note of this report on Form <strong>10</strong>-K/A.<br />
F-7