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The following is an excerpt from a 10-K SEC Filing, filed by GANNETT CO INC /DE/ on 3/22/2002.
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GANNETT CO INC /DE/ - 10-K - 20020322 - STOCKHOLDERS_EQUITY

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

In thousands of dollars
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Fiscal years ended                  Common                                    Accumulated                   Deferred
December 26, 1999,                   stock      Additional                       other                    compensation
December 31, 2000                   $1 par        paid-in        Retained    comprehensive     Treasury     related
and December 30, 2001                value        capital        earnings    income (loss)       stock      to ESOP          Total
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Balance: Dec. 27, 1998             $  324,421   $  126,045     $ 4,775,313                  $(1,223,077)  $  (22,878)   $ 3,979,824
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Net income, 1999                                                   957,928                                                  957,928
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Foreign currency translation
adjustment, net of taxes of
$9,130                                                                         $   14,280                                    14,280
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Unrealized gain on securities,
net of taxes of $7,095                                                             11,097                                    11,097
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Total comprehensive income                                                                                                  983,305
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Dividends declared,
1999: $.82 per share                                              (228,781)                                                (228,781)
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Treasury stock acquired                                                                        (163,228)                   (163,228)
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Stock options exercised                              7,916                                       23,490                      31,406
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Stock issued under
incentive plan                                      (2,154)                                       3,552                       1,398
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Tax benefit derived from
stock incentive plans                               21,460                                                                   21,460
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Compensation expense
related to ESOP                                                                                                3,912          3,912
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Tax benefit from ESOP                                                  350                                                      350
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Balance: Dec. 26, 1999             $  324,421   $  153,267     $ 5,504,810     $   25,377   $(1,359,263)  $  (18,966)   $ 4,629,646
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Net income, 2000                                                 1,719,077                                                1,719,077
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Foreign currency translation
adjustment, net of tax
benefit of $51,555                                                                (80,638)                                  (80,638)
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Unrealized loss on securities,
net of reclassification
adjustments during the period,
net of tax benefit of $7,041                                                      (11,013)                                  (11,013)
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Total comprehensive income                                                                                                1,627,426
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Dividends declared,
2000: $.86 per share                                              (228,212)                                                (228,212)
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Treasury stock acquired                                                                        (967,242)                   (967,242)
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Stock options exercised                              6,467                                       13,261                      19,728
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Stock issued under
incentive plan                                          41                                        5,451                       5,492
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Tax benefit derived from
stock incentive plans                               10,940                                                                   10,940
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Compensation expense
related to ESOP                                                                                                5,342          5,342
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Tax benefit from ESOP                                                  290                                                      290
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Balance: Dec. 31, 2000             $  324,421   $  170,715     $ 6,995,965     $  (66,274)  $(2,307,793)  $  (13,624)   $ 5,103,410
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Net income, 2001                                                   831,197                                                  831,197
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Foreign currency translation
adjustment, net of tax
benefit of $21,851                                                                (38,540)                                  (38,540)
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Unrealized gain on securities,
net of reclassification
adjustments during the period,
net of taxes of $933                                                                1,527                                     1,527
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Total comprehensive income                                                                                                  794,184
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Dividends declared,
2001: $.90 per share                                              (238,301)                                                (238,301)
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Stock options exercised                             17,751                                       30,278                      48,029
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Stock issued under
incentive plan                                       2,937                                        1,778                       4,715
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Tax benefit derived from
stock incentive plans                               18,853                                                                   18,853
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Compensation expense
related to ESOP                                                                                                4,824          4,824
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Tax benefit from ESOP                                                  208                                                      208
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Balance: Dec. 30, 2001             $  324,421   $  210,256     $ 7,589,069     $ (103,287)  $(2,275,737)  $   (8,800)   $ 5,735,922
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