Pioneer-Standard Electronics, Inc. and Subsidiaries consolidated statements of shareholders’ equity See accompanying Notes to Consolidated Financial Statements. 29 Stated Capital in Unearned Accumulated value of excess of Unearned compensation other Common Common stated Retained employee on restricted comprehensive (Dollars and Shares in Thousands) shares shares value earnings benefits stock income (loss) Total Balance at March 31, 2000 31,350 $9,323 $137,092 $238,968 $ (63,885) $ (7,526) $10,093 $324,065 Net income — — — 34,576 — — — 34,576 Unrealized translation adjustment — — — — — — (1,940) (1,940) Unrealized loss on securities, net of $2.6 million tax benefit — — — — — — (4,188) (4,188) Total comprehensive income — — — — — — $ (6,128) $ 28,448 Value change in subscribed-for shares — — (14,197) — 14,197 — — — Cash dividends ($0.12 per share) — — — (3,298) — — — (3,298) Shares issued upon exercise of stock options 318 96 2,422 — — — — 2,518 Tax benefit related to exercise of stock options — — 278 — — — — 278 Amortization of unearned compensation — — — — — 2,246 — 2,246 Balance at March 31, 2001 31,668 9,419 125,595 270,246 (49,688) (5,280) 3,965 354,257 Net loss — — — (7,047) — — — (7,047) Cumulative effect of change in accounting for derivatives and hedging, net of $0.1 million tax benefit — — — — — — (218) (218) Current period cash flow hedging activity, net of $0.6 million tax benefit — — — — — — (889) (889) Reclassification of hedging activity into earnings, net of $0.7 million tax — — — — — — 1,107 1,107 Unrealized translation adjustment — — — — — — (1,188) (1,188) Unrealized loss on securities, net of $3.8 million tax benefit — — — — — — (5,936) (5,936) Total comprehensive loss — — — — — — $ (7,124 ) $ (14,171 ) Shares transferred from trust — — (149) — 1,268 — — 1,119 Value change in subscribed-for shares — — 7,695 — (7,695) — — — Cash dividends ($0.12 per share) — — — (3,323) — — — (3,323) Shares issued upon exercise of stock options 109 32 543 — — — — 575 Tax benefit related to exercise of stock options — — 174 — — — — 174 Converted Trust preferred securities 5 1 74 — — — — 75 Amortization of unearned compensation — — — — — 1,991 — 1,991 Balance at March 31, 2002 31,782 9,452 133,932 259,876 (56,115) (3,289) (3,159) 340,697 Net loss — — — (42,078) — — — (42,078) Unrealized translation adjustment — — — — — — (100) (100) Unrealized loss on securities, net of $6.1 million tax benefit — — — — — — (10,968) (10,968) Reclassification of unrealized losses into earnings, net of $5.4 million tax — — — — — — 10,013 10,013 Total comprehensive loss — — — — — — $ (1,055 ) $ (43,133) Shares transferred from trust (376) (113) (3,085) — 3,198 — — — Value change in subscribed-for shares — — (22,618) — 22,618 — — — Cash dividends ($0.12 per share) — — — (3,350) — — — (3,350) Shares issued upon exercise of stock options 275 83 2,068 — — — — 2,151 Tax benefit related to exercise of stock options — — 273 — — — — 273 Restricted stock awards 376 113 3,085 — — (3,198) — — Amortization of unearned compensation — — — — — 1,912 — 1,912 Balance at March 31, 2003 32,057 $9,535 $113,655 $214,448 $ (30,299) $ (4,575) $ (4,214) $298,550