ROCK-TENN COMPANY

 

ROCK-TENN COMPANY

 

2002 Annual Report and Form 10-K

TABLE OF CONTENTS:  




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Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Consolidated Statements of Shareholders' Equity

   
Class A and Class B
Common Stock

  Capital in
Excess of
Par Value
  Deferred
Compensation
  Retained
Earnings
  Accumulated
Other
Comprehensive
(Loss)
Income
  Total
Shares   Amount








  (In thousands, except share and per share data)
 
Balance at October 1, 1999 34,957,582 $350   $132,048   $ ---         $303,287 $ (3,521)         $432,164 
Comprehensive loss:
   Net loss --- ---   ---   ---         (15,916) ---         (15,916) 
   Foreign currency translation
     adjustments
--- ---   ---   ---         --- (1,064)         (1,064) 


Comprehensive loss --- ---   ---   ---         --- ---         (16,980) 
Cash dividends - $.30 per share --- ---   ---   ---         (10,384) ---         (10,384) 
Issuance of common stock 551,449 5   3,743   ---         --- ---         3,748 
Purchases of Class A common stock (2,125,268) (21)   (8,109)   ---         (14,115) ---         (22,245) 








Balance at September 30, 2000 33,383,763 334   127,682   ---         262,872 (4,585)         386,303 
Comprehensive income:
   Net income --- ---   ---   ---         30,523 ---         30,523 
   Foreign currency translation
     adjustments
--- ---   ---   ---         --- (3,587)         (3,587) 
   Net unrealized loss on derivative
     instruments (net of $171 tax)
--- ---   ---   ---         --- (274)         (274) 
   Minimum pension liability (net of
     $291 tax)
--- ---   ---   ---         --- (465)         (465) 


Comprehensive income --- ---   ---   ---         --- ---         26,197 
Income tax benefit from exercise of stock
   options
-- --   60   ---         --- ---         60 
Shares granted under restricted stock plan 140,000 1   1,574   (1,575)         --- ---         --- 
Compensation expense under restricted
   stock plan
--- ---   ---   154         --- ---         154 
Cash dividends - $.30 per share --- ---   ---   ---         (10,007) ---         (10,007) 
Issuance of common stock 320,200 3   2,374   ---         --- ---         2,377 
Purchases of Class A common stock (274,300) (3)   (1,050)   ---         (1,271) ---         (2,324) 








Balance at September 30, 2001 33,569,663 335   130,640   (1,421)         282,117 (8,911)         402,760 
Comprehensive income:
   Net income --- ---   ---   ---         26,626 ---         26,626 
   Foreign currency translation
     adjustments
--- ---   ---   ---         --- (749)         (749) 
   Net unrealized income on derivative
     instruments (net of $258 tax)
--- ---   ---   ---         --- 425         425 
   Minimum pension liability (net of
     $14,065 tax)
--- ---   ---   ---         --- (23,208)         (23,208) 


Comprehensive income --- ---   ---   ---         --- ---         3,094 
Income tax benefit from exercise of stock
   options
--- ---   1,283   ---         --- ---         1,283 
Shares granted under restricted stock plan 100,000 1   1,818   (1,819)         --- ---         --- 
Compensation expense under restricted
   stock plan
--- ---   ---   858         --- ---         858 
Restricted stock grant cancelled (8,333) ---   (115)   115         --- ---         --- 
Cash dividends - $.30 per share --- ---   ---   ---         (10,183) ---         (10,183) 
Issuance of common stock 685,137 7   7,609   ---         (281) ---         7,335 








Balance at September 30, 2002 34,346,467 $343   $141,235   $(2,267)         $298,279 $(32,443)         $405,147 

See accompanying notes.





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