Kaman

AR 13

Financials

Part II

Financials/Financial Statements and Supplementary Data/Consolidated Statements of Shareholders' Equity

KAMAN CORPORATION AND SUBSIDIARIES

Common Stock Additional
Paid-In
Capital
Retained
Earnings
Accumulated
Other
Comprehensive
Income (Loss)
Treasury Stock Total
Shareholders'
Equity
(In thousands, except share amounts) Shares $ Shares $
Balance at Dec. 31, 2010 26,091,067 $26,091 $97,903 $326,000 $(86,456) 64,949 $(868) $362,670
Net earnings 51,142 51,142
Other comprehensive income (31,490 ) (31,490)
Dividends (15,753) (15,753)
Purchase of treasury shares 192,093 (5,583) (5,583)
Stock awards issued,
net of tax expense of $779 233,527 234 5,225 5,459
Share-based compensation expense 171,234 171 6,456 1,382 (1) 6,626
Balance at Dec. 31, 2011
Net earnings 26,495,828 $26,496 $109,584 $361,389 $(117,946) 258,424 $(6,452) $373,071
Net earnings 55,025 55,025
Other comprehensive income (3,644) (3,644)
Dividends (16,941) (16,941)
Purchase of treasury shares 21,343 (733 ) (733)
Stock awards issued,
net of tax expense of $883 291,037 291 7,160 (9,571) 99 7,550
Share-based compensation expense 94,392 94 5,778 7,277 (7) 5,865
Balance at Dec. 31, 2012 26,881,257 $26,881 $122,522 $399,473 $(121,590) 277,473 $(7,093) 420,193
Net earnings 57,100 57,100
Other comprehensive income 40,469 40,469
Dividends (17,132) (17,132)
Purchase of treasury shares 18,468 (644) (644)
Stock awards issued,
net of tax expense of $543 216,510 217 6,076 (3,825) 40 6,333
Share-based compensation expense 92,155 92 4,919 38,371 (38) 4,973
Balance at Dec. 31, 2013 27,189,922 $27,190 $133,517 $439,441 $(81,121) 330.487 $(7,735) $511,292

See accompanying notes to consolidated financial statements.