Statements of Consolidated Shareholders' Equity
Yellow Corporation and Subsidiaries for the years ended December 31
| (in thousands) |
|
2002 |
|
 |
|
2001 |
|
|
|
2000 |
|
|
|
|
|
|
|
|
|
| Common Stock |
| Beginning balance |
$ |
31,028 |
|
$ |
29,959 |
|
$ |
29,437 |
|
| Exercise of stock options |
|
737 |
|
|
1,063 |
|
|
516 |
|
| Other |
|
60 |
|
|
6 |
|
|
6 |
|
|
| Ending Balance |
|
31,825 |
|
|
31,028 |
|
|
29,959 |
|
|
| Capital Surplus |
| Beginning balance |
|
41,689 |
|
|
23,304 |
|
|
16,063 |
|
| Exercise of stock options, including tax benefits |
|
15,296 |
|
|
18,286 |
|
|
7,130 |
|
| Equity offering and other |
|
23,625 |
|
|
99 |
|
|
111 |
|
|
| Ending balance |
|
80,610 |
|
|
41,689 |
|
|
23,304 |
|
|
| Retained Earnings |
| Beginning balance |
|
537,496 |
|
|
522,195 |
|
|
454,177 |
|
| Stock dividend to SCST shareholders |
|
(118,120 |
) |
|
- |
|
|
- |
|
| Net income (loss) |
|
(93,902 |
) |
|
15,301 |
|
|
68,018 |
|
|
| Ending balance |
|
325,474 |
|
|
537,496 |
|
|
522,195 |
|
|
| Accumulated Other Comprehensive Loss |
| Beginning balance |
|
(6,252 |
) |
|
(2,710 |
) |
|
(2,322 |
) |
| Change in minimum pension liability adjustment |
|
(30,848 |
) |
|
- |
|
|
- |
|
| Changes in foreign currency translation adjustments |
|
73 |
|
|
(616 |
) |
|
(388 |
) |
| Changes in the fair value of interest rate swaps |
|
1,431 |
|
|
(2,926 |
) |
|
- |
|
|
| Ending balance |
|
(35,596 |
) |
|
(6,252 |
) |
|
(2,710 |
) |
|
|
| Unamortized Restricted Stock Awards |
| Beginning balance |
|
- |
|
|
- |
|
|
- |
|
| Issuance of restricted stock awards |
|
(1,458 |
) |
|
- |
|
|
- |
|
| Amortization of restricted stock awards |
|
405 |
|
|
- |
|
|
- |
|
|
| Ending balance |
|
(1,053 |
) |
|
- |
|
|
- |
|
|
| Treasury Stock, At Cost |
| Beginning balance |
|
(112,972 |
) |
|
(112,972 |
) |
|
(87,975 |
) |
| Treasury stock purchases |
|
- |
|
|
- |
|
|
(24,997 |
) |
| Equity offering - reissuance of treasury stock |
|
71,670 |
|
|
- |
|
|
- |
|
|
| Ending balance |
|
(41,302 |
) |
|
(112,972 |
) |
|
(112,972 |
) |
|
| Total Shareholders' Equity |
$ |
359,958 |
|
$ |
490,989 |
|
$ |
459,776 |
|
|
|
The notes to consolidated financial statements are an integral part of these statements.
|
