1
EXHIBIT 13(a)(iv)
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
- --------------------------------------------------------------------------------
FOR THE YEARS ENDED NOVEMBER 30, 2000, 1999 AND 1998
(Dollars in thousands except per share data)
Common Stock
----------------------------------------------
Number of Shares Amount
------------------------ -------------------- Capital in
In In Excess of
Issued Treasury Issued Treasury Par Value
==========================================================================================================================
Balance, November 30, 1997 ........................... 24,243,603 -- $16,162 $ -- $ 2,857
- --------------------------------------------------------------------------------------------------------------------------
Net earnings ......................................... -- -- -- -- --
Other comprehensive earnings:
Translation adjustments ........................... -- -- -- -- --
Total comprehensive earnings.......................
Purchase of treasury stock ........................... -- (528,691) -- (8,447) --
Retirement of treasury stock ......................... (528,691) 528,691 (529) 8,447 (5,553)
Stock split .......................................... -- -- 8,145 -- --
Stock options exercised .............................. 212,260 -- 154 -- 2,391
Issuance of stock under award plans .................. 22,186 -- 17 -- 461
Cash dividends - $0.4425
per common share .................................. -- -- -- -- --
- --------------------------------------------------------------------------------------------------------------------------
Balance, November 30, 1998 ........................... 23,949,358 -- 23,949 -- 156
- --------------------------------------------------------------------------------------------------------------------------
Net earnings ......................................... -- -- -- -- --
Other comprehensive earnings:
Translation adjustments ........................... -- -- -- -- --
Total comprehensive earnings ......................
Purchase of treasury stock ........................... -- (50,000) -- (897) --
Retirement of treasury stock ......................... (50,000) 50,000 (50) 897 (455)
Stock options exercised .............................. 82,344 -- 83 -- 740
Issuance of stock under
award plans ....................................... 38,020 -- 38 -- 507
Cash dividends - $0.4525
per common share .................................. -- -- -- -- --
- --------------------------------------------------------------------------------------------------------------------------
Balance, November 30, 1999 ........................... 24,019,722 -- 24,020 -- 948
- --------------------------------------------------------------------------------------------------------------------------
Net earnings ......................................... -- -- -- -- --
Other comprehensive earnings:
Translation adjustments ........................... -- -- -- -- --
Total comprehensive earnings ......................
Business acquisition ................................. 160,704 -- 161 -- 2,734
Stock options exercised .............................. 182,479 -- 182 -- 1,898
Issuance of stock under
award plans ....................................... 18,402 -- 18 -- 120
Cash dividends - $0.4625
per common share .................................. -- -- -- -- --
- --------------------------------------------------------------------------------------------------------------------------
Balance, November 30, 2000 ........................... 24,381,307 -- $24,381 $ -- $ 5,700
==========================================================================================================================
Accumulated
Other
Comprehensive Retained
Earnings Earnings Total
========================================================================================
Balance, November 30, 1997 .................. $ (2,700) $154,843 $171,162
- ----------------------------------------------------------------------------------------
Net earnings ................................ -- 32,079 32,079
Other comprehensive earnings:
Translation adjustments .................. (293) -- (293)
--------
Total comprehensive earnings.............. 31,786
--------
Purchase of treasury stock .................. -- -- (8,447)
Retirement of treasury stock ................ -- (2,365) --
Stock split ................................. -- (8,145) --
Stock options exercised ..................... -- -- 2,545
Issuance of stock under award plans ......... -- -- 478
Cash dividends - $0.4425
per common share ......................... -- (10,717) (10,717)
- ----------------------------------------------------------------------------------------
Balance, November 30, 1998 .................. (2,993) 165,695 186,807
- ----------------------------------------------------------------------------------------
Net earnings ................................ -- 35,412 35,412
Other comprehensive earnings:
Translation adjustments .................. (1,158) -- (1,158)
--------
Total comprehensive earnings.............. 34,254
--------
Purchase of treasury stock .................. -- -- (897)
Retirement of treasury stock ................ -- (392) --
Stock options exercised ..................... -- -- 823
Issuance of stock under
award plans .............................. -- -- 545
Cash dividends - $0.4525
per common share ......................... -- (10,814) (10,814)
- ----------------------------------------------------------------------------------------
Balance, November 30, 1999 .................. (4,151) 189,901 210,718
- ----------------------------------------------------------------------------------------
Net earnings ................................ -- 40,237 40,237
Other comprehensive earnings:
Translation adjustments .................. (2,768) -- (2,768)
--------
Total comprehensive earnings.............. 37,469
--------
Business acquisition ........................ -- -- 2,895
Stock options exercised ..................... -- -- 2,080
Issuance of stock under
award plans .............................. -- -- 138
Cash dividends - $0.4625
per common share ......................... -- (11,207) (11,207)
- --------------------------------------------------------------------------------------
Balance, November 30, 2000 .................. $ (6,919) $218,931 $242,093
======================================================================================
The accompanying notes are an integral part of the consolidated financial
statements.
14 CLARCOR