v2.3.0.11
Stockholders' Equity and Comprehensive Income
 6 Months Ended
Jul. 30, 2011
Stockholders' Equity and Comprehensive Income Disclosure [Abstract]  
Stockholders' Equity and Comprehensive Income
Stockholders’ Equity and Comprehensive Income
 
The following table reflects the changes in stockholders’ equity and comprehensive income attributed to Staples, Inc. and its noncontrolling interests for the second quarter and first half of 2011 and 2010 (in thousands):
 
 
Attributable to Staples, Inc.
 
Attributable to Noncontrolling Interest
 
Total
Stockholders' Equity at January 30, 2011
$
6,943,710


 
$
7,471


 
$
6,951,181


Comprehensive income:




 




 




Net income
374,683


 
(701
)
 
373,982


Other comprehensive income:




 




 




Foreign currency translation adjustments, net
200,546


 
206


 
200,752


Changes in fair value of derivatives, net (1)
(13,557
)
 
—


 
(13,557
)
Comprehensive income
561,672


 
(495
)
 
561,177


Issuance of common stock for stock options exercised and the sale of stock under employee stock purchase plans
31,559


 
—


 
31,559


Stock-based compensation
81,470


 
—


 
81,470


Cash dividends paid
(140,643
)
 
—


 
(140,643
)
Excess tax benefits from stock-based compensation arrangements
942


 
—


 
942


Purchase of treasury stock, net
(365,203
)
 
—


 
(365,203
)
Other
(831
)
 
—


 
(831
)
Stockholders' Equity at July 30, 2011
$
7,112,676


 
$
6,976


 
$
7,119,652


 
 
Attributable to Staples, Inc.
 
Attributable to Noncontrolling Interest
 
Total
Stockholders' equity at January 31, 2010
$
6,771,886


 
$
83,054


 
$
6,854,940


Comprehensive income:




 




 




Net income
318,526


 
6,625


 
325,151


Other comprehensive income:




 




 




Foreign currency translation adjustments, net
(207,210
)
 
(459
)
 
(207,669
)
Changes in fair value of derivatives, net (1)
(4,807
)
 
432


 
(4,375
)
Comprehensive income
106,509


 
6,598


 
113,107


Issuance of common stock for stock options exercised
38,443


 
—


 
38,443


Stock-based compensation
69,629


 
—


 
69,629


Purchase of noncontrolling interest, including accrued and unpaid transaction costs
(271,001
)
 
(78,987
)
 
(349,988
)
Cash dividends paid
(130,100
)
 
—


 
(130,100
)
Purchase of treasury stock, net
(128,745
)
 
—


 
(128,745
)
Other
(5,930
)
 
—


 
(5,930
)
Stockholders' equity at July 31, 2010
$
6,450,691


 
$
10,665


 
$
6,461,356


 
____________________________________________
(1)
Changes in the fair value of derivatives are net of a tax expense (benefit) of $0.5 million and $(7.5) million for the second quarter and the first half of 2011, respectively, and net of a tax expense (benefit) of $1.6 million and $(3.3) million for the second quarter and the first half of 2010, respectively.
 
The following table summarizes the components of accumulated other comprehensive income (loss) attributed to Staples, Inc. as of July 30, 2011 and January 29, 2011 (in thousands):
 
 
July 30, 2011
 
January 29, 2011
Foreign currency translation adjustments
$
237,704


 
$
37,158


Derivative instruments (net of taxes)
(17,764
)
 
(4,207
)
Deferred pension and other post-retirement benefit costs (net of taxes)
(129,884
)
 
(129,884
)
Accumulated other comprehensive income (loss)
$
90,056


 
$
(96,933
)