ADS Financial Services Solutions: 2001 Annual Report

ATLANTIC DATA SERVICES, INC.

Consolidated Statements of Stockholders’ Equity
(in thousands, except share data)

	Common Stock		ClassA Common Stock		Special Common Stock		Additional Paid-In	Retained	Treasury Stock
	Shares	Amount	Shares	Amount	Shares	Amount	Capital	Earnings	Shares	Amount	Total


Balance at March 31, 1998	6,847,960	$ 68	928,790	$ 9	3,104,080	$ 31	$ 2,245	$ 6,355	112,000	$(25)	$ 8,683
Conversion of Class A common stock and special common stock to common stock	4,032,870	40	(928,790)	(9)	(3,104,080)	(31)	—	—	—	—	—
Issuance of common stock, net of issuance costs	2,000,000	20	—	—	—	—	23,351	—	—	—	23,371
Shares issued under stock option plans	137,561	2	—	—	—	—	839	—	—	—	841
Income tax benefit from exercise of stock options	—	—	—	—	—	—	91	—	—	—	91
Net income	—	—	—	—	—	—	—	7,759	—	—	7,759

Balance at March 31, 1999	13,018,391	130	—	—	—	—	26,526	14,114	112,000	(25)	40,745
Shares issued under stock option plans	69,208	1	—	—	—	—	210	—	—	—	211
Income tax benefit from exercise of stock options	—	—	—	—	—	—	1	—	—	—	1
Net income	—	—	—	—	—	—	—	19	—	—	19

Balance at March 31, 2000	13,087,599	131	—	—	—	—	26,737	14,133	112,000	(25)	40,976
Shares issued under stock option plans	47,527	—	—	—	—	—	163	—	—	—	163
Net income	—	—	—	—	—	—	—	26	—	—	26

Balance at March 31, 2001	13,135,126	$131	—	$ —	—	$ —	$26,900	$14,159	112,000	$(25)	$41,165

The accompanying notes are an integral part of these consolidated financial statements.