Adaptec 2005 Annual Report Download - page 99

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Table of Contents
NOTE 16. Net Income (Loss) Per Share
The following table sets forth the computation of basic and diluted net (loss) income per share:
(in thousands, except per share amounts)
December 30,
2007
December 31,
2006
December 31,
2005
Numerator:
Net (loss) income $ (49,104) $ (99,892) $ 27,986
Denominator:
Basic weighted average common shares outstanding(1)
216,330 203,470 184,098
Effect of dilutive securities:
Stock options — — 5,034
Basic and diluted weighted average common shares outstanding(1)
216,330 203,470 189,132
Basic net (loss) income per share $ (0.23) $ (0.49) $ 0.15
Diluted net (loss) income per share $ (0.23) $ (0.49) $ 0.15
(1) PMC-Sierra, Ltd. Special Shares are included in the calculation of basic weighted average common shares outstanding.
In 2007, the Company had approximately 5.5 million options that were not included in diluted net loss per share because they would be antidilutive.
NOTE 17. Comprehensive (Loss) Income
The components of comprehensive (loss) income, net of tax, are as follows:
(in thousands)
December 30,
2007
December 31,
2006
December 31,
2005
Net (loss) income $ (49,104) $ (99,892) $ 27,986
Other comprehensive (loss) income:
Change in net unrealized (losses) gains on investments, net of tax of (2006—$91 and 2005—$246) — (12) 929
Change in fair value of derivatives, net of tax of $1,328 in 2007 (2006—$1,530 and 2005—$727) 2,564 (2,838) 444
Total $ (46,540) $ (102,742) $ 29,359
93
Source: PMC SIERRA INC, 10-K, February 22, 2008