THE DESCARTES SYSTEMS GROUP INC.

THE DESCARTES SYSTEMS GROUP INC.
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY AND COMPREHENSIVE INCOME
(US DOLLARS IN THOUSANDS; US GAAP)
January 31, January 31, January 31,
2011 2010 2009
Common shares
Balance, beginning of year
Shares issued:
86,609 44,986 44,653
Stock options exercised 1,539 3,874 211
Issue of common shares net of issuance costs - 37,749 122
Balance, end of year 88,148 86,609 44,986
Additional paid-in capital
Balance, beginning of year 451,591 449,462 448,918
Unearned compensation related to issuance of stock options 8 38 7
Stock-based compensation expense 1,076 3,371 527
Stock options exercised (404) (1,335) (34)
Stock option income tax benefits - 55 44
Purchase of non-controlling interest (Note 3) 29 - -
Balance, end of year 452,300 451,591 449,462
Accumulated other comprehensive income (loss)
Balance, beginning of year (2,034) 363 2,006
Foreign currency translation adjustments 3,856 (2,397) (1,643)
Balance, end of year 1,822 (2,034) 363
Accumulated deficit
Balance, beginning of year (348,294) (362,644) (382,854)
Net income 11,539 14,350 20,210
Balance, end of year (336,755) (348,294) (362,644)
Total Shareholders’ Equity 205,515 187,872 132,167
Comprehensive income
Net income
Other comprehensive income (loss):
11,539 14,350 20,210
Foreign currency translation adjustment, net of income tax recovery of $534 for the year
ended January 31, 2011
3,856 (2,397) (1,643)
Total other comprehensive income (loss) 3,856 (2,397) (1,643)
Comprehensive income 15,395 11,953 18,567
The accompanying notes are an integral part of these consolidated financial statements.
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