EX-13.(A)(IV) 7 c82240exv13wxayxivy.txt CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY . . . EXHIBIT 13(a)(iv) CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY FOR THE YEARS ENDED NOVEMBER 30, 2003, 2002 AND 2001 (DOLLARS IN THOUSANDS EXCEPT PER SHARE DATA)
Common Stock -------------------------- Capital in Accumulated Other Number of Shares Amount Excess of Comprehensive Retained Issued Issued Par Value Earnings Earnings Total ----------------------------------------------------------------------------------------------------------------------------------- Balance, November 30, 2000 .............. 24,381,307 $ 24,381 $ 5,700 $ (6,919) $ 218,931 $ 242,093 ----------------------------------------------------------------------------------------------------------------------------------- Net earnings ............................ - - - - 41,893 41,893 Other comprehensive earnings, net of tax: Cumulative effect of accounting change ................. - - - (769) - (769) Unrealized loss on derivative ........ - - - (1,137) - (1,137) Translation adjustments .............. - - - (354) - (354) ---------- Total comprehensive earnings ......... 39,633 ---------- Stock options exercised ................. 246,424 246 3,223 - - 3,469 Issuance of stock under award plans .......................... 10,618 11 642 - - 653 Forfeiture of stock under award plans .......................... (12,113) (12) - - - (12) Cash dividends - $0.4725 per common share ..................... - - - - (11,575) (11,575) ----------------------------------------------------------------------------------------------------------------------------------- Balance, November 30, 2001 .............. 24,626,236 24,626 9,565 (9,179) 249,249 274,261 ----------------------------------------------------------------------------------------------------------------------------------- Net earnings ............................ - - - - 46,601 46,601 Other comprehensive earnings, net of tax: Minimum pension liability adjustment . - - - (1,122) - (1,122) Unrealized gain on derivative ........ - - - 1,906 - 1,906 Translation adjustments .............. - - - 2,208 - 2,208 ---------- Total comprehensive earnings ......... 49,593 ---------- Stock options exercised ................. 278,969 279 2,438 - - 2,717 Issuance of stock under award plans .......................... 17,884 18 851 - - 869 Forfeiture of stock under award plans .......................... (4,475) (4) - - - (4) Cash dividends - $0.4825 per common share ..................... - - - - (11,975) (11,975) ----------------------------------------------------------------------------------------------------------------------------------- Balance, November 30, 2002 .............. 24,918,614 24,919 12,854 (6,187) 283,875 315,461 ----------------------------------------------------------------------------------------------------------------------------------- Net earnings ............................ - - - - 54,552 54,552 Other comprehensive earnings, net of tax: Minimum pension liability adjustment . - - - 517 - 517 Translation adjustments .............. - - - 4,734 - 4,734 ---------- Total comprehensive earnings ......... 59,803 ---------- Stock options exercised ................. 385,170 385 6,591 - - 6,976 Issuance of stock under award plans .......................... 11,913 12 553 - - 565 Forfeiture of stock under award plans .......................... (6,570) (7) - - - (7) Cash dividends - $0.4925 per common share ..................... - - - - (12,406) (12,406) ----------------------------------------------------------------------------------------------------------------------------------- Balance, November 30, 2003 .............. 25,309,127 $ 25,309 $ 19,998 $ (936) $ 326,021 $ 370,392 ===================================================================================================================================
The accompanying notes are an integral part of the consolidated financial statements. 14 CLARCOR