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ARKANSAS BEST CORPORATION
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Additional Stock Payable Predecessor Retained
Preferred Common Paid-In to Employee Basis Earnings Treasury
Stock Stock Capital Benefit Plans Adjustment (Deficit) Stock
($ thousands)
Balances at January 1, 1992 $ - $ 128 $ 48,285 $ 744 $(15,371) $ (4,096) $ (43)
Net loss - - - - - (583) -
Issuance of common stock --
Note A - 106 140,760 - - - -
Purchase of common
stock for employee benefit
plan -- Note K - - - (744) - - -
Retirement of common stock --
Note K - (43) (55,766) - - - 43
Stock payable to employee
benefit plans -- Note K - - - 701 - - -
Dividends paid - - - - - (470) -
Balances at December 31, 1992 - 191 133,279 701 (15,371) (5,149) -
Net income - - - - - 20,311 -
Issuance of common stock
to employee benefit
plans -- Note K - 1 1,299 (701) - - -
Stock payable to employee
benefit plans -- Note K - - - 205 - - -
Issuance of preferred
stock -- Note H 15 - 71,879 - - - -
Dividends paid - - - - - (4,670) -
Balances at December 31, 1993 15 192 206,457 205 (15,371) 10,492 -
Net income 18,707
Issuance of common stock
to employee benefit
plans -- Note K - - 205 (205) - - -
Stock options exercised - - 36 - - - -
Acquisition of Traveller
Group -- Note B - 3 938 - - - -
Dividends paid - - - - - (5,069) -
Balances at December 31, 1994 $ 15 $ 195 $207,636 $ - $(15,371) $ 24,130 $ -
See notes to consolidated financial statements.
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