TCS 2013 Annual Report - page 62

F-6
TeleCommunication Systems, Inc.
Consolidated Statements of Stockholders’ Equity
(amounts in thousands, except share data)
Class A
Common
Stock
Class B
Common
Stock
Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Income (Loss)
Accumulated
Deficit Total
Balance at January 1, 2011...................................................... $ 478 $ 57 $297,585 $ 30 $ (82,605) $215,545
Issuance of 3,000,000 shares of Class A Common Stock in
connection with the acquisition of the Trident Space &
Defense, LLC ........................................................................ 30 — 12,240 — — 12,270
Options exercised for the purchase of 488,337 shares of
Class A Common Stock......................................................... 5 — 422 — — 427
Issuance of 311,581 shares of Class A Common Stock under
Employee Stock Purchase Plan ............................................. 3 — 1,079 — — 1,082
Issuance of 54,844 Restricted Class A Common Stock.............. 1 — — — — 1
Conversion of 393,565 shares of Class B Common Stock to
Class A Common Stock......................................................... 4 (4) — — — —
Stock-based compensation expense............................................ — — 9,672 — — 9,672
Excess tax benefit from share-based payment arrangements...... — — 4,746 — — 4,746
Net unrealized gain on securities and other ................................ — — — 2 — 2
Net income ................................................................................. — — — — 7,004 7,004
Balance at December 31, 2011................................................. $ 521 $ 53 $325,744 $ 32 $ (75,601) $250,749
Options exercised for the purchase of 54,921 shares of
Class A Common Stock......................................................... — — 132 — — 132
Issuance of 583,034 shares of Class A Common Stock under
Employee Stock Purchase Plan ............................................. 6 — 862 — — 868
Issuance of 301,053 Restricted Class A Common Stock............ 3 — — — — 3
Surrender of shares of Restricted Class A Common Stock ........ — — (191) — — (191)
Conversion of 100,000 shares of Class B Common Stock to
Class A Common Stock......................................................... 1 (1) — — — —
Stock-based compensation expense............................................ — — 9,021 — — 9,021
Excess tax deficit from share-based payment arrangements ...... — — (1,510) — — (1,510)
Net unrealized gain on securities and other ................................ — — — 18 — 18
Net loss....................................................................................... — — — — (97,988) (97,988)
Balance at December 31, 2012................................................. $ 531 $ 52 $334,058 $ 50 $ (173,589) $161,102
Options exercised for the purchase of 96,267 shares of
Class A Common Stock......................................................... 1 — 181 — — 182
Issuance of 639,232 Restricted Class A Common Stock............ 6 — (6) — — —
Surrender of shares of Restricted Class A Common Stock ........ (2) — (455) — — (457)
Conversion of 250,000 shares of Class B Common Stock to
Class A Common Stock......................................................... 2 (2) — — — —
Stock-based compensation expense............................................ — — 7,036 — — 7,036
Net unrealized loss on securities and other................................. — — — (23) — (23)
Net loss....................................................................................... — — — — (58,597) (58,597)
Balance at December 31, 2013................................................. $ 538 $ 50 $340,814 $ 27 $ (232,186) $109,243
See accompanying Notes to Consolidated Financial Statements.