Adobe 2004 Annual Report Download - page 86

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86
The following table sets forth the components of other comprehensive income for fiscal 2004, 2003
and 2002:
Unrealized Gain
(
Loss
)
on
Available-
for-Sale
Securities
Derivative
Instruments
Foreign
Currency
Translation
Total
Balance at November 30, 2001.............................................. $ 8,075 $ 2,582 $ (6,739) $ 3,918
Unrealized loss ...................................................................... (8,462) (6,653) — (15,115)
Reclassification adjustment for losses recognized during the
period ...................................................................................
802
463
—
1,265
Tax effect of above................................................................ 2,996 1,679 — 4,675
Translation adjustments......................................................... — — 1,307 1,307
Other comprehensive income (loss)....................................... (4,664) (4,511) 1,307 (7,868)
Balance at November 29, 2002.............................................. 3,411 (1,929) (5,432) (3,950)
Unrealized gain (loss)............................................................ 416 (3,383) — (2,967)
Reclassification adjustment for (gains) losses recognized
during the period ..................................................................
(685)
3,489
—
2,804
Tax effect of above................................................................ (691) (666) — (1,357)
Translation adjustments......................................................... — — 4,471 4,471
Other comprehensive income (loss)....................................... (960) (560) 4,471 2,951
Balance at November 28, 2003.............................................. 2,451 (2,489) (961) (999)
Unrealized gain (loss)............................................................ (6,696) 3,097 — (3,599)
Reclassification adjustment for (gains) losses recognized
during the period ..................................................................
(3,283)
405
—
(2,878)
Tax effect of above................................................................ 2,634 (1,013) — 1,621
Translation adjustments......................................................... — — 3,566 3,566
Other comprehensive income (loss)....................................... (7,345) 2,489 3,566 (1,290)
Balance at December 3, 2004 ............................................... $ (4,894) $ — $ 2,605 $ (2,289)
Note 14. Net Income Per Share
Basic net income per share is computed using the weighted average number of common shares
outstanding for the period, excluding unvested restricted stock. Diluted net income per share is based upon
the weighted average common shares outstanding for the period plus dilutive common equivalent shares,
including unvested restricted common stock, stock options and put warrants using the treasury stock
method.
The following table sets forth the computation of basic and diluted net income per share for fiscal
2004, 2003 and 2002.
2004 2003 2002
Net income............................................................................................ $ 450,398 $ 266,344 $ 191,399
Shares used to compute basic net income per share (weighted average
shares outstanding during the period, excluding unvested restricted
stock)................................................................................................. 238,829 234,246 236,834
Dilutive common equivalent shares:
Unvested restricted stock .................................................................. 11 25 83
Stock options..................................................................................... 8,973 7,179 6,132
Put warrants ...................................................................................... ― ― 70
Shares used to compute diluted net income per share ........................... 247,813 241,450 243,119
Basic net income per share.................................................................... $ 1.89 $ 1.14 $ 0.81
Diluted net income per share................................................................. $ 1.82 $ 1.10 $ 0.79
For the years ended December 3, 2004, November 28, 2003 and November 29, 2002, options to
purchase approximately 7.0 million, 16.7 million and 26.5 million shares, respectively, of common stock