Adaptec 2003 Annual Report Download - page 82

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Year ended December 31,
(in thousands, except per share amounts) 2003 2002 2001
Numerator:
Net loss $ (7,991) $ (65,007) $ (639,054)
Denominator:
Basic and diluted weighted average common shares outstanding (1) 173,568 170,107 167,967
Basic and diluted net loss per share $ (0.05) $ (0.38) $ (3.80)
(1) PMC−Sierra, Ltd. Special Shares are included in the calculation of basic weighted average common shares outstanding.
In 2003, the Company had approximately 9.3 million options (2002 – 4.4 million, 2001 – 11.0 million) that were not included in
diluted net loss per share because they would be antidilutive.
NOTE 15. Comprehensive Income
The components of comprehensive income, net of tax, are as follows:
Year Ended December 31,
(in thousands) 2003 2002 2001
Net loss $ (7,991) $ (65,007) $ (639,054)
Other comprehensive income:
Change in net unrealized gains on investments, net of tax of $2,291
in 2003 (2002 − $14,978 and 2001 − $4,914) (3,297) (21,553) (7,071)
Change in fair value of derivatives, net of tax of $721 in 2003
(2002 and 2001 − nil) 1,196 — —
Total $ (10,092) $ (86,560) $ (646,125)
NOTE 16. Related Party Transactions
In 2001, the Company made a real estate loan of approximately $2 million to a former officer of a subsidiary company. The loan,
which was included in other investments and assets, was repaid in full in December 2002 prior to its maturity date of December 31,
2002.
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