Adaptec 2001 Annual Report Download - page 84

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84
The Company’s largest customers based on billings are contract manufacturing companies and
distributors of the Company’s products. Revenues from external customers (2001 – 2, 2000 - 1,
1999 - 3) that exceed 10% of total net revenues as follows:
NOTE 14. N et Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net income (loss) per share:
Year ended December 31,
(in thousands except per share amounts) 2001 2000 1999
Numerator:
Net income (loss) (639,054)$ 75,298$ 71,829$
Denominator:
Basic weighted average common shares outstanding (1) 167,967 162,377 146,818
Effect of dilutive securities:
Stock options - 19,341 13,590
Stock warrants - 173 115
Diluted weighted average common shares outstanding 167,967 181,891 160,523
Basic net income (loss) per share (3.80)$ 0.46$ 0.49$
Diluted net income (loss) per share (3.80)$ 0.41$ 0.45$
Year Ended December 31,
(in thousands) 2001 2000 1999
Net revenues
United States 187,723$ 432,649$ 206,498$
Canada 35,448 83,747 42,731
China 34,746 46,485 14,901
Europe and Middle East 31,825 43,101 14,830
Asia - other 32,501 87,554 16,620
Other foreign 495 1,148 188
Total 322,738$ 694,684$ 295,768$
Long-lived assets
United States 267,298$ 341,361$
Canada 89,684 210,006
Other 4,133 3,720
Total 361,115$ 555,087$
Year Ended December 31,
(in thousands) 2001 2000 1999
Networking 80,359$ 128,997$ 110,392$
Non-networking - - 17,208