WD-40 Company
Consolidated Statements of Shareholders' Equity and Comprehensive Income
(In thousands, except share and per share amounts)

 
 

Common Stock		   Additional
Paid-in
Capital		   Unearned
Stock-based
Compensation		   Retained
Earnings		  
Accumulated
Other
Comprehensive
Income (Loss)		  

Treasury Stock		   Total
Shareholders'
Equity		   Total
Comprehensive
Income
  Shares   Amount Shares   Amount
Balance at August 31, 2005   17,222,410   $ 17   $ 52,990   $ (136 ) $ 89,983   $ 2,238     534,698   $ (15,026 ) $ 130,066        
   Issuance of common stock upon exercise of stock options   282,159       7,018               7,018  
   Stock-based compensation       1,775               1,775  
   Tax benefit from exercise of stock options       614               614  
   Reclass of unearned stock-based compensation related to restricted
      stock upon adoption of SFAS No. 123R		       (136 )   136             —  
   Issuance of restricted common stock   6,099                   —  
   Amortization of unearned stock-based compensation related to
      restricted stock		       61               61  
   Cash dividends ($0.88 per share)           (14,760 )         (14,760 )
   Foreign currency translation adjustment, net of tax benefit of $560             2,845         2,845   $ 2,845  
   Net income           28,112           28,112     28,112  
Balance at August 31, 2006   17,510,668     17     62,322     —     103,335     5,083     534,698     (15,026 )   155,731   $ 30,957  
   Issuance of common stock upon exercise of stock options   368,735     1     9,753               9,754        
   Stock-based compensation       1,820               1,820  
   Tax benefit from exercise of stock options       842               842  
   Issuance of restricted common stock   3,896                   —  
   Amortization of unearned stock-based compensation related to
      restricted stock		       99               99  
   Cash dividends ($0.97 per share)           (16,609 )         (16,609 )
   Acquisition of treasury stock               500,000     (17,320 )   (17,320 )
   Adjustment to initially apply SFAS No. 158, net of tax provision of
      $53		             (89 )       (89 )
   Foreign currency translation adjustment, net of tax
      provision of $51		             2,510         2,510   $ 2,510  
   Net income           31,534           31,534     31,534  
Balance at August 31, 2007   17,883,299     18     74,836     —     118,260     7,504     1,034,698     (32,346 )   168,272   $ 34,044  
   Issuance of common stock upon exercise of stock options   158,416       4,208               4,208        
   Stock-based compensation       2,277               2,277  
   Tax benefit from exercise of stock options, net of impact of postvesting
      expirations of stock options		       330               330  
   Amortization of unearned stock-based compensation related to
      restricted stock		       121               121  
   Cash dividends ($1.00 per share)           (16,691 )         (16,691 )
   Acquisition of treasury stock               528,800     (17,720 )   (17,720 )
   Cumulative effect of adopting FIN 48           (564 )         (564 )
   Foreign currency translation adjustment,
net of tax benefit of $12		             (4,827 )       (4,827 ) $ (4,827 )
   Issuance of restricted stock units to settle supplemental employee
      retirement plan obligations		       875         89         964     89  
   Net income           27,622           27,622     27,622  
Balance at August 31, 2008   18,041,715   $ 18   $ 82,647   $ —   $ 128,627   $ 2,766     1,563,498   $ (50,066 ) $ 163,992   $ 22,884  

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