LOGM 2017 Annual Report

LogMeIn, Inc. Consolidated Statements of Equity (In thousands) Common Stock Additional Paid-In Capital Retained Earnings (Accumulated Deficit) Accumulated Other Comprehensive Income (Loss) Treasury Stock Total Equity Number of Shares Amount Balance at January 1, 2015 . . . . . . . . . . . . . . . . . 24,419 $ 267 $ 237,203 $ 6,516 $ (3,117) $ (67,025)$ 173,844 Issuance of common stock upon exercise of stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 611 6 17,788 — — — 17,794 Net issuance of common stock upon vesting of restricted stock units . . . . . . . . . . . . . . . . . . . . . . . 397 2 (11,643) — — — (11,641) Excess tax benefits realized from stock-based awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 6,946 — — — 6,946 Stock-based compensation . . . . . . . . . . . . . . . . . . . . . — — 26,499 — — — 26,499 Treasury stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (297) — — — — (18,090) (18,090) Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 14,558 — — 14,558 Unrealized gain on available-for-sale securities . . . . — — — — 55 — 55 Cumulative translation adjustments . . . . . . . . . . . . . . — — — — (2,154) — (2,154) Balance at December 31, 2015 . . . . . . . . . . . . . . 25,130 $ 275 $ 276,793 $ 21,074 $ (5,216) $ (85,115)$ 207,811 Issuance of common stock upon exercise of stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 409 4 11,749 — — — 11,753 Issuance of common stock upon vesting of restricted stock units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 456 5 (14,450) — — — (14,445) Excess tax benefits realized from stock-based awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 2,258 — — — 2,258 Stock-based compensation . . . . . . . . . . . . . . . . . . . . . — — 38,350 — — — 38,350 Treasury stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (443) — — — — (25,381) (25,381) Dividends on common stock . . . . . . . . . . . . . . . . . . . — — — (25,466) — — (25,466) Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 2,638 — — 2,638 Unrealized gain on available-for-sale securities . . . . — — — — 11 — 11 Cumulative translation adjustments . . . . . . . . . . . . . . — — — — (1,413) — (1,413) Balance at December 31, 2016 . . . . . . . . . . . . . . 25,552 $ 284 $ 314,700 $ (1,754) $ (6,618) $(110,496)$ 196,116 Issuance of common stock upon exercise of stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 181 2 6,509 — — — 6,511 Net issuance of common stock upon vesting of restricted stock units . . . . . . . . . . . . . . . . . . . . . . . 589 5 (35,250) — — — (35,245) Shares issued as Merger purchase consideration . . . . 26,868 269 2,904,218 — — — 2,904,487 Restricted stock units issued as Merger purchase consideration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — 16,692 — — — 16,692 Stock-based compensation . . . . . . . . . . . . . . . . . . . . . — — 67,292 — — — 67,292 Treasury stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (626) — — — — (69,229) (69,229) Dividends on common stock . . . . . . . . . . . . . . . . . . . — — — (52,269) — — (52,269) Adoption of ASU 2016-16 . . . . . . . . . . . . . . . . . . . . — — — 82 — — 82 Adoption of ASU 2016-09 . . . . . . . . . . . . . . . . . . . . — — 2,730 4,863 — — 7,593 Net Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — 99,523 — — 99,523 Unrealized gain on available-for-sale securities . . . . — — — — 16 — 16 Cumulative translation adjustments . . . . . . . . . . . . . . — — — — 22,172 — 22,172 Balance at December 31, 2017 . . . . . . . . . . . . . . 52,564 $ 560 $3,276,891 $ 50,445 $15,570 $(179,725)$3,163,741 See notes to consolidated financial statements. 58