Anixter International Inc. Financial Statement Analysis
ANIXTER INTERNATIONAL INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
Common Stock
Capital Retained
Shares Amount Surplus Earnings
Accumulated Other
Comprehensive Loss
Total
(In millions)
Balance at December 30, 2016
33.4
$ 33.4
$261.8 $1,247.9 $
(250.9) $1,292.2
Net income
Other comprehensive income:
109.0
109.0
Foreign currency translation
Changes in unrealized pension cost, net of tax benefit
of $10.4
Stock-based compensation
30.7
30.7
9.9
9.9
18.1
18.1
Issuance of common stock and related taxes
0.3
0.3
(1.2)
(0.9)
Balance at December 29, 2017
33.7
$ 33.7
$278.7
Net income
$1,356.9
156.3
$
(210.3) $1,459.0
156.3
Other comprehensive loss:
Foreign currency translation
Changes in unrealized pension cost, net of tax of $4.7
Stock-based compensation
Issuance of common stock and related taxes
Balance at December 28, 2018
Net income
Other comprehensive income:
(45.4)
(45.4)
(13.7)
(13.7)
18.9
18.9
0.2
0.2
(4.9)
(4.7)
33.9
$ 33.9
$292.7
$1,513.2
262.9
$
(269.4) $1,570.4
262.9
Foreign currency translation
Changes in unrealized pension cost, net of tax of $2.4
Reclassification of tax effects
(a)
Stock-based compensation
Issuance of common stock and related taxes
Balance at January 3, 2020
0.3
23.1
23.1
(13.3)
(13.3)
7.7
(7.7)
20.0
20.0
0.3 (2.5)
(2.2)
(267.3) $1,860.9
34.2 $ 34.2 $310.2 $1,783.8 $
(a) The Company reclassified $7.7 million of tax benefits from "Accumulated other comprehensive loss" to "Retained
earnings" for the tax effects resulting from the December 22, 2017 enactment of the Tax Cuts and Jobs Act in accordance
with the adoption of Accounting Standards Update 2018-02, "Income Statement - Reporting Comprehensive Income:
Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" in the first quarter of 2019.
See accompanying notes to the Consolidated Financial Statements.
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