Franklin Covey 2000 Annual Report Consolidated Statements of Shareholders’ Equity 37 Consolidated Statements of Shar eholder s’ Equity Accumulated Other Total Series A Additional Deferred Compre-Share- Preferred Stock Common Stock Paid-in R etained Notes Compen- hensive Treasury Stock Holders’ Shares Amount Shares Amount Capital Ear nings Receivable sation Loss Shares Amount Equity In thousands Balance at  August 31, 1997 $00,000 27,056 $ 1,353 $239,699 $1 69,714 $00000 $(1,495) $ (934) (2,373)$ (52,932) $355,405 Tax benefit from  exercise of  affiliate stock options 266 266 Issuance of common  stock from treasury (1,913) 247 5,515 3,602 Purchase of treasury shares (2,687) (57,013) (57,013) Deferred compensation amortization 652 652 Other comprehensive loss (1,316) (1,316) Net income 40,058 40,058 Balance at  August 31, 1998 27,056 1,353 238,052 209,772 (843) (2,250) (4,813) (104,430) 341,654 Issuance of Series A  Preferred Stock 750 75,000 75,000 Preferred stock dividends (1,875) (1,875) Tax benefit from  exercise of  affiliate stock options 1,320 1,320 Issuance of  common stock  from treasury (3,740) 263 5,566 1,826 Purchase of treasury shares (2,126) (32,710) (32,710) Deferred compensation amortization 523 523 Other comprehensive income 1,468 1,468 Net loss (8,772) (8,772) Balance at  August 31, 1999 750 75,000 27,056 1,353 235,632 199,125 (320) (782) (6,676) (131,574) 378,434 Issuance of Series A  Preferred Stock 42 4,092 4,092 Preferred stock dividends (8,005) (8,005) Tax benefit from  exercise of  affiliate stock options 557 557 Issuance of  common stock  from treasury (10,441) 925 17,404 6,963 Purchase of treasury shares (688) (5,482) (5,482) Issuance of note receivable from sale of common stock (894) (894) Deferred compensation amortization 262 262 Other comprehensive income 660 660 Dividends on preferred stock paid with additional shares of preferred stock 19 1,875 1,875 Net loss (4,409) (4,409) Balance at August 31, 2000 811 $80,967 27,056 $ 1,353 $225,748 $1 86,711 $ (894) $ (58) $ (122) (6,439) $(119,652) $374,053 See accompanying notes to consolidated financial statements.