Morningstar, Inc. and Subsidiaries  Consolidated Statements of Equity and Comprehensive Income (Loss) See notes to consolidated financial statements. Morningstar, Inc. Shareholders’ Equity Common  Common  Accumulated  Stock  Stock  Additional  Other  Non  Shares   Par  Treasury  Paid-In  Retained Comprehensive  Controlling  Total (in thousands except share amounts)  Outstanding  Value  Stock  Capital  Earnings  Income (Loss)  Interests  Equity Balance as of December 31, 2009  48,768,541  5   (3,130)   428,139   239,573  33   1,169   665,789 Comprehensive income (loss):  Net income   —  —  —  86,370  —  87  86,457 Unrealized gain available-for-sale investments, net of income tax of $149   —  —  —  —  245  —  245 Foreign currency translation adjustment, net  —  —  —  —   4,840  69  4,909 Total comprehensive income (loss)   —  —  —  86,370   5,085  156  91,611 Issuance of common stock related to stock-option exercises and vesting of restricted stock units, net  1,182,069   —  274  8,946  —  —  —  9,220 Common shares repurchased  (76,218)   —   (3,785)  —  —  —  —  (3,785) Stock-based compensation—  restricted stock units   —  —  12,545  —  —  —  12,545 Stock-based compensation—  restricted stock  1,248  1,248 Excess tax benefit derived from stock-option exercises and vesting of restricted stock units   —  —  7,507  —  —  —  7,507 Dividends declared—  common shares outstanding  —  (2,494)  —  —  (2,494) Dividends declared—  restricted stock units  41  (41)  —  —  — Adjustment to noncontrolling interest   —  —  —  —  —  (216)  (216) Balance as of December 31, 2010   49,874,392  $ 5  $ (6,641)  $ 458,426  $ 323,408  $ 5,118  $ 1,109  $ 781,425 Morningstar, Inc. 2010 Annual Report 103