| CONSOLIDATED STATEMENT OF SHAREHOLDERS'
EQUITY |
The Standard Register Company |
| |
(Dollars in thousands) |
 |
52 WEEKS ENDED
DECEMBER 30,
2001 |
|
|
|
52 Weeks Ended
December 31,
2000 |
|
52 Weeks Ended
January 2,
2000 |
|
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|
|
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|
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| |
COMMON STOCK |
|
|
|
|
|
|
|
|
|
| |
Beginning balance |
|
$ 24,704 |
|
|
|
$ 24,468 |
|
$ 24,391 |
|
| |
Shares issued under: |
|
|
|
|
|
|
|
|
|
| |
Management
Incentive Plan |
|
28 |
|
|
|
--- |
|
--- |
|
| |
Dividend
Reinvestment Plan |
|
51 |
|
|
|
67 |
|
36 |
|
| |
Restricted
Stock Award, net |
|
35 |
|
|
|
169 |
|
--- |
|
| |
Stock
Option Plan |
|
8 |
|
|
|
--- |
|
41 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Ending balance |
|
$ 24,826 |
|
|
|
$ 24,704 |
|
$ 24,468 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
CLASS A STOCK |
|
$ 4,725 |
|
|
|
$ 4,725 |
|
$ 4,725 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
CAPITAL IN EXCESS OF PAR VALUE |
|
|
|
|
|
|
|
|
|
| |
Beginning balance |
|
$ 38,123 |
|
|
|
$ 35,669 |
|
$ 33,957 |
|
| |
Excess of market over par value
of shares issued under: |
|
|
|
|
|
|
|
|
|
| |
Management
Incentive Plan |
|
369 |
|
|
|
(44) |
|
27 |
|
| |
Dividend
Reinvestment Plan |
|
842 |
|
|
|
842 |
|
841 |
|
| |
Restricted
Stock Award, net |
|
405 |
|
|
|
1,910 |
|
783 |
|
| |
Stock
Option Plan |
|
115 |
|
|
|
--- |
|
--- |
|
| |
Fund
grantor trust with treasury shares |
|
--- |
|
|
|
(254) |
|
61 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Ending balance |
|
$ 39,854 |
|
|
|
$ 38,123 |
|
$ 35,669 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
ACCUMULATED OTHER COMPREHENSIVE LOSSES |
|
|
|
|
|
|
|
|
|
| |
Beginning balance |
|
$ (934) |
|
|
|
$ (417) |
|
$ (1,161) |
|
| |
Minimum pension liability |
|
(199) |
|
|
|
(517) |
|
744 |
|
| |
Cumulative effect of FASB 133
adoption |
|
1,002 |
|
|
|
--- |
|
--- |
|
| |
Fair value of interest rate
swap |
|
(6,075) |
|
|
|
--- |
|
--- |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Ending balance |
|
$ (6,206) |
|
|
|
$ (934) |
|
$ (417) |
|
|
|
|
|
|
|
|
|
|
|
|
| |
RETAINED EARNINGS |
|
|
|
|
|
|
|
|
|
| |
Beginning balance |
|
$477,731 |
|
|
|
$ 525,835 |
|
$479,679 |
|
| |
Net income (loss) |
|
(49,333) |
|
|
|
(29,175) |
|
70,901 |
|
| |
Dividends declared
(2001 - $.92 per share;
2000
- $.69 per share; 1999 - $.89 per share) |
|
(25,389) |
|
|
|
(18,929) |
|
(24,745) |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Ending balance |
|
$403,009 |
|
|
|
$477,731 |
|
$525,835 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
TREASURY STOCK AT COST |
|
|
|
|
|
|
|
|
|
| |
Beginning balance |
|
$(45,364) |
|
|
|
$ (46,540) |
|
$(19,614) |
|
| |
Cost of common shares purchased |
|
(760) |
|
|
|
(1) |
|
(28.210) |
|
| |
Shares issued under Management
Incentive Plan |
|
--- |
|
|
|
174 |
|
404 |
|
| |
Fund grantor trust with treasury
shares |
|
--- |
|
|
|
1,003 |
|
880 |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Ending balance |
|
$(46,124) |
|
|
|
$ (45,364) |
|
$(46,540) |
|
|
|
|
|
|
|
|
|
|
|
|
| |
UNEARNED COMPENSATION - RESTRICTED STOCK
|
|
|
|
|
|
|
|
|
|
| |
Beginning balance |
|
$ (1,981) |
|
|
|
$ --- |
|
$ --- |
|
| |
Issuance of restricted stock,
net |
|
(440) |
|
|
|
(2,079) |
|
--- |
|
| |
Amortization of unearned compensation |
|
686 |
|
|
|
98 |
|
--- |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Ending balance |
|
$ (1,735) |
|
|
|
$ (1,981) |
|
$ --- |
|
|
|
|
|
|
|
|
|
|
|
|
| |
COMMON STOCK HELD IN GRANTOR TRUST |
|
|
|
|
|
|
|
|
|
| |
Beginning balance |
|
$ (2,850) |
|
|
|
$ (2,009) |
|
$ (1,012) |
|
| |
Shares issued under Dividend
Reinvestment Plan |
|
(104) |
|
|
|
(92) |
|
(56) |
|
| |
Shares issued under Management
Incentive Plan |
|
(105) |
|
|
|
--- |
|
--- |
|
| |
Fund grantor trust with treasury
shares |
|
--- |
|
|
|
(749) |
|
(941) |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Ending balance |
|
$ (3,059) |
|
|
|
$ (2,850) |
|
$ (2,009) |
|
|
|
|
|
|
|
|
|
|
|
|
| |
Total
shareholders' equity |
|
$415,290 |
|
|
|
$ 494,154 |
|
$541,731 |
|
|
|
|
|
|
|
|
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|
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| |
See accompanying notes
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