NU SKIN ENTERPRISES, INC. Consolidated Statements of Stockholders’ Equity (U.S. dollars in thousands) The accompanying notes are an integral part of these consolidated financial statements.  Class A  Common Stock Class B  Common Stock Additional  Paid in Capital Balance at January  1 ,  2002 $  42 $  49 $  151 , 379 Net income — — — Foreign currency translation adjustment — — — Net unrealized losses on foreign currency cash fl ow hedges — — — Less: Reclassification adjustment for realized gains in current earnings — — — Total comprehensive income Repurchase of Class A common stock (Note  10 ) — — — Conversion of shares (Note  10 ) 4 ( 4 ) — Purchase of long-term assets (Note  20 ) — — 936 Exercise of distributor and employee stock options ( 182 , 000  shares) — — ( 2 , 005 ) Forfeiture of stock options — — ( 762 ) Cash dividends — — — Balance at December  31 ,  2002 46 45 149 , 548 Net income — — — Foreign currency translation adjustment — — — Net unrealized losses on foreign currency cash fl ow hedges — — — Less: Reclassification adjustment for realized losses in current earnings — — — Total comprehensive income Repurchase of Class A common stock (Note  10 ) — — — Conversion of shares (Note  10 ) 45 ( 45 ) — Issuance of employee stock awards — — 3 , 113 Amortization of deferred compensation — — — Exercise of distributor and employee stock options ( 1 , 258 , 000  shares) — — ( 4 , 025 ) Cash dividends — — — Balance at December  31 ,  2003 91 — 148 , 636 Net income — — — Foreign currency translation adjustment — — — Net unrealized losses on foreign currency cash fl ow hedges — — — Less: Reclassification adjustment for realized losses in current earnings — — — Total comprehensive income Repurchase of Class A common stock (Note  10 ) — — — Amortization of deferred compensation — — — Purchase of long-term assets (Note  20 ) — — 4,279 Reduction in carrying value of intangible asset — — — Exercise of employee stock options ( 1 , 834 , 000  shares) — — 3 , 814 Tax benefi t of options exercised — — 8 , 448 Cash dividends — — — Balance at December  31 ,  2004 $  91 $ — $ 165,177 54